CHINA: Foreign Investment Procedures to be Streamlined

Monday October 10 2016

The Chinese government will further streamline approval procedures for foreign investment across the country to better attract overseas investment and improve China`s business environment. A new legislative guideline was approved during the State Council`s executive meeting on Saturday.

The new guideline is a revision and expansion of the present administrative measures for foreign investment in China`s four Free Trade Zones (FTZ) in Shanghai, Guangdong, Tianjin and Fujian, turning the three-year piloting measures into a legislative guideline.

According to the new guideline, those willing to invest in China no longer have to go through approval procedures if they invest in non-restricted sectors outlined by the Catalog of Industries for Foreign Investment which was approved last year, and do not contradict with the special requirements regarding equity rights and level of management.

The new guideline aims to help foreign investors by reducing concern about discriminatory industrial policies in China and calls for more effective government services for foreign investment.

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