China News Client, Beijing, June 24 (Reporter Li Jinlei) The 2020 edition of the negative list of foreign investment access is here.
On June 24, the National Development and Reform Commission and the Ministry of Commerce announced the "Special Management Measures for Foreign Investment Access (Negative List) (2020 Version)" and "Special Management Measures for Foreign Investment Access for Free Trade Pilot Zones (Negative List) (2020) Annual Edition)".
Data Map: Enter the Expo Complex. China News Agency reporter Han Haidan
The negative list will only decrease without increasing
Compared with the 2019 version, the 2020 version of the negative list of foreign investment access has been further reduced, improving the level of service industry, manufacturing, and agricultural opening.
Among them, the national negative list was reduced from 40 to 33, the reduction rate was 17.5%, and 2 were partially opened; the negative list of the free trade pilot zone was reduced from 37 to 30, the reduction rate was 18.9%, and 1 Partially open.
Prior to this, China revised the negative list of foreign investment admittances in the national and free trade zones for three consecutive years from 2017 to 2019, and the restrictive measures were reduced from 93 and 122 to 40 and 37, respectively.
What are the specific changes?
In the financial sector, the restrictions on foreign shares of securities companies, securities investment fund management companies, futures companies, and life insurance companies were lifted. In the field of infrastructure, the rule that the construction and operation of urban water supply and drainage pipeline networks with a population of 500,000 or more must be controlled by the Chinese party. In the field of transportation, the regulations prohibiting foreign investment in air traffic control were cancelled, and the regulations on the entry of civil airports were adjusted.
In the manufacturing sector, the restrictions on the share ratio of foreign investment in commercial vehicle manufacturing will be lifted, and the regulations prohibiting foreign investment in the smelting, processing and nuclear fuel production of radioactive minerals will be eliminated. In the agricultural field, the selection and breeding of new wheat varieties and the production of seeds must be relaxed from Chinese holding to a share ratio of not less than 34%.
Continue to open pilots in the Pilot Free Trade Zone. On the basis of the national opening-up measures, the Pilot Free Trade Zone continues to test first. In the field of medicine, the regulations prohibiting foreign investment in traditional Chinese medicine decoction pieces were cancelled. In the field of education, wholly foreign-owned enterprises are allowed to establish vocational education institutions of academic system.
The picture shows the Haikou Xiuying Port Container Terminal. Photo by Luo Yunfei
Will be implemented on July 23
The 2020 version of the negative list of foreign investment access will be implemented on July 23.
The National Development and Reform Commission will work with the Ministry of Commerce and other departments and localities to strictly follow the requirements of the Foreign Investment Law and its implementation regulations to effectively implement the negative list of foreign investment access, ensure the timely implementation of new opening measures, and improve various policies. consistency. In areas other than the negative list, domestic and foreign-funded enterprises are given equal treatment, and no unit may set separate access restrictions for foreign investment.
The relevant person in charge of the National Development and Reform Commission said that after the test of the epidemic, investors from various countries will more profoundly realize that China’s pace of promoting higher levels of opening will not slow down, and China’s policy of using foreign capital will not change. The direction of enterprises investing in China to provide better services will not change. (Finish)