What is new in the Negative List for Foreign Investment Access in Pilot Free Trade Zones 2020?

User Rating: 5 / 5

Star ActiveStar ActiveStar ActiveStar ActiveStar Active
 

The new Negative List for Foreign Investment Access in Pilot Free Trade Zones entered into force in China on the 23d of July, 2020.

The Negative List for Foreign Investment Access in Pilot Free Trade Zones 2020 has reduced the number of industries from 37 to 30 compared to its 2019 edition.

There is a tendency for a further boosting of the development of pilot free trade zones in China.

For example: Healthcare sector; the prohibition of foreign investment in healthcare has been abolished. Medical institutions are limited to joint ventures. Education; wholly foreign-owned enterprises are allowed to set up non-academic vocational training institutions and academic vocational educational institutions.

It is expected that relevant restrictions at the national level will be abolished if these "opening-up" measures in free-trade zones begin to show social and economic benefits.

The specific information on new clauses of the Foreign Investment Negative List 2021 is available here.


Published: 23 June 2021
Updated: 9 May 2022

Legal Analyses & Legal Solutions:

X

Right Click

No right click