CCTV News:
On January 1 this year, the new version of the negative list for foreign investment access began to be implemented.
In the field of automobile manufacturing, compared with the 2020 version of the document, the new list makes it clear that the restrictions on foreign shareholding ratios in passenger vehicle manufacturing and the restrictions on the same foreign company can establish two or less joint ventures in China to produce similar vehicle products will be removed.
What does this mean for foreign auto companies and my country's auto industry?
In 2018, the restrictions on foreign shareholding ratios for special vehicles and new energy vehicles will be cancelled; in 2020, the restrictions on foreign shareholding ratios in commercial vehicles will be cancelled; in 2022, the restrictions on foreign shareholding ratios in passenger vehicles will be cancelled;
After a four-year transition period, China's auto industry has been fully opened to foreign investment.
In 1994, my country's "Automobile Industry Policy" set a "50% upper limit on the shareholding ratio of foreign-funded enterprises", and since January 1 this year, this industrial policy red line will withdraw from the historical stage.
Experts said that the major policy of loosening restrictions on foreign shareholding ratios in the auto industry, superimposed on relevant auto industry policies, etc., will have a profound impact on the development of China's auto industry.