The company is also planning to set up a large, high-end hospital in the city of Qingdao in Shandong.

Wanda is among a number of major Chinese firms which have begun looking for opportunities in the Chinese healthcare sector.

The high-end healthcare market is said to be entering a golden age, according to the the National Business Daily.

China's State Council has been pushing for the development of medical services in recent years. Plans are to create an 8-trillion-yuan medical service market by 2020.