China unveils negative list for foreign investment in FTZs
On 30 June 2018, the Ministry of Commerce and National Development and the Reform Commission jointly released a new negative list for free trade zones - The Special Administrative Measures (Negative List) for Foreign Investment Access in Pilot Free Trade Zones (2018 Edition). It applies to all FTZs in the country and is effective as of 30 July 2018.
The 2018 FTZ Negative List further reduces existing FDI restrictions from 95 to 45 in the cultural, petroleum and natural gas, agriculture, mining and finance sectors. Similar to the new nationwide Negative List, the new FTZs Negative List offers a clear timeline for the opening-up of the automobile and finance sectors to foreign investment.
Type: Entry and establishment (Ownership and control), Promotion and facilitation (Special economic zones)
Industry: Not industry specific, Services (Construction)
- Ministry of Commerce of People's Republic of China, Order of the NDRC and MOFCOM of the People's Republic of China No.19 on Special Administrative Measures for Foreign Investment Access in Pilot Free Trade Zones (2018 Edition), Jun 30, 2018
- The State Council of People's Republic of China, China unveils negative list for foreign investment in FTZs, Jun 30, 2018