China will fully implement the negative list of foreign investment access to raise the level of openness
The National Development and Reform Commission and the Ministry of Commerce issued the "Guidance Catalogue for Foreign Investment Industries (Revised in 2017)" on the 28th, and for the first time proposed a negative list of foreign investment accesses implemented nationwide, as a pre-entry national treatment for foreign investment. The basic basis of the negative list management model. In areas other than the negative list, in principle, restrictive measures for foreign investment may not be implemented.
The reporter combed the negative list of foreign investment approvals and found that the list of foreign investment industries including 35 new varieties of crops and seed production (Chinese holding) and other categories; the list of foreign investment in the industry including air traffic control and compulsory education institutions.
The relevant person in charge of the National Development and Reform Commission said that the revision of the catalogue is based on further summarizing the experience of the pilot test in the Pilot Free Trade Zone, and copying and promoting the opening up measures of the Pilot Free Trade Zone nationwide. The negative list of foreign investment access is the main basis for the implementation of foreign investment access management. At present, except for restricted foreign investment projects that must be approved, other projects are basically handled by local governments to effectively improve the degree of investment facilitation.
The catalogue revision further enhances the openness of the service industry, manufacturing industry and mining industry. Among them, the service industry will focus on canceling the restrictions on foreign investment in road passenger transportation, foreign cargo tally, credit investigation and rating services, accounting audit, large agricultural product wholesale market, integrated water conservancy and other fields, and the manufacturing industry will cancel rail transit equipment, automotive electronics, and new The restrictions on foreign investment in energy vehicle batteries, motorcycles, edible oils, corn deep processing, fuel ethanol and other fields, the mining industry focused on eliminating foreign investment restrictions in non-conventional oil and gas, precious metals, lithium mines and other fields.
This catalogue no longer lists the restrictive measures consistent with domestic and foreign capital. At the same time, we will maintain the overall stability of the encouraged policies and continue to encourage foreign investment in areas such as advanced manufacturing, high-tech, energy-saving and environmental protection, modern service industries, etc., to promote the combination of attracting investment and technology, and promote the adjustment and optimization of industrial structure.
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