Catalogue for the Guidance of Foreign Investment Industries (2017 Version) Officially Issued

Release time：2017.06.28

Recently, the National Development and Reform Commission ("NDRC") and the Ministry of Commerce ("MOFCOM") have jointly issued the Catalogue for the Guidance of Foreign Investment Industries (Revised in 2017) (the "Catalogue"), which shall come into force as of July 28, 2017.
The Catalogue introduces major revisions to four aspects as follows. The first is taking the initiative to broaden opening-up. For the service sectors, restrictions over foreign investment into highway passenger transport, credit investig2017.0ation and rating service, accounting auditing and other areas will be removed. In terms of the manufacturing industry, restrictions over foreign investment into rail transportation equipment, automotive electronics, batteries of new energy automobiles and other domains will be cancelled. Regarding the mining industry, no restrictions will be imposed on foreign investment into unconventional oil and gas, precious metals and other fields. The second is launching a negative list of foreign investment access. As to areas not identified on the negative list, there should be no restrictive measures imposed on foreign investment in principle. The third is removing the restrictive measures in respect of consistency between domestic and foreign investment. After such restrictive measures are eliminated, the foreign investment will be administered in a manner equal to that for domestic investment. The fourth is keeping the overall stability of policies on encouraged investment. Continuous endorsement will be given to foreign investment into the advanced manufacturing, high technologies, energy conservation and environmental protection, modern service industry and other sectors.

Previous article：State Council Vows to Further Open up Core Fields in Beijing's Service Sector

下一篇：Nothing