CHINA: China eases investment rules in four free trade zones

Tuesday July 19 2016

The Chinese government has decided to ease investment rules in four free trade zones (FTZs), temporarily allowing foreign investors to found wholly-owned enterprises in a number of fields, including iron and steel production and gas station operations, according to the central government website on Tuesday 19 July 2016.

The resolution on temporary adjustment of regulations for administrative approvals in the Shanghai, Guangdong, Tianjin and Fujian FTZs was passed by the National People`s Congress Standing Committee.

The adjustment contains a total of 51 items, with more than 20 of them involving changes from administrative approval to managerial registration for foreign investment.

It has also approved wholly foreign owned enterprises in multiple areas outside of the negative list on foreign investment, covering sectors ranging from agriculture to transportation.

The Circular states that the content of the decisions will be adjusted according to the implementation of reform and opening up measures in the pilot cities.

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