30 Oct 2019
China Adopts Additional 20 Foreign Investment Safeguards and Incentives
The State Council has approved an additional 20 measures designed to optimise the utilisation of foreign investment across the mainland, according to the news released by the Ministry of Commerce
With regard to the ongoing opening-up process, the new measures set out to abbreviate the foreign investment negative lists on a nationwide basis (including those applying within any of the Pilot Free Trade Zones), as well as rescinding any extant non-negative list restrictions.
In terms of the broader promotion of investment opportunities, the measures also include moves to optimise the technology innovation services available to foreign-invested enterprises, upgrade the Pilot Free Trade Zones, and improve the overall quality of investment through the open platforms provided by the national-level economic and technological development zones.
Turning the focus onto the overall reform of investment facilitation, the measures look to reduce the cost of utilising cross-border funds, while making it easier for non-mainlanders to work in China.
Overall, with regard to fully safeguarding the legitimate rights and interests of foreign investors, the measures look to ensure the Foreign Investment Law is fully and properly implemented on a national basis.
The measures can be found in the Opinions on Further Improving the Utilisation of Foreign Investment, as adopted – in principle – at recent State Council Executive Meeting, whose full details would be published separately.
Source: State Council