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Access to Mainland Market Set to be Streamlined for Foreign Investors

In moves designed to optimise the overall business environment, while reducing restrictions on the use of funds from all quarters of society, the State Council has approved the following facilitatory measures at an executive meeting on 22 October:

  • The Market Access Negative List will be revised prior to the end of 2018 with the aim of universally implementing the “permissible unless otherwise prohibited” principle
  • By the end of March 2019, all restrictions on the deployment of overseas-sourced capital outside those sectors specified on the Negative List will be rescinded, unifying the access entitlements of overseas and domestic capital
  • A review of the items where administrative permission is required prior to investment being implemented will be undertaken, with a revised list of such items released before the end of March 2019
  • Overall, the examination and approval procedures related to investments undertaken by enterprises will be streamlined. In line with this, pilot reforms of the construction sector – with a focus on the reform of the examination and approval system as it relates to all such projects – will be trialled in 2019. Ultimately, it is anticipated that future investment approval procedures will be conducted online. In additional moves, a series of reforms to the enterprise de-registration processes are expected to be announced before the end of the year

For further details (in Chinese), please access the following link:

State Council Makes Deployment for Further Promoting the Optimisation of Business Environment

Content provided by Picture: HKTDC Research
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