China Laws and Regulations Update in Augest 2017
1.Catalogue of Industries for Guiding Foreign Investment (Revised Edition 2017)
Promulgated by the National Development and Reform Committee
File No. No.4 Order of the NDRC
Promulgation date: 28th June 2017
Effective date: 28th July 2017
The Catalogue of Industries for Guiding Foreign Investment (Revised Edition 2017) first introduced the negative list for foreign investment access, containing 63 articles about restrictions and prohibitions, decreased by 30 articles compared with the 2015 edition. The Catalogue shall be the basis on which the pre-establishment national treatment and negative list administration model is implemented. No measure should be taken to restrict foreign investment access to any area outside the scope of the negative list. The new Catalogue further relaxes the restrictions on foreign investment access to service, manufacturing and mining industries and especially abolishes the restrictions on foreign investment access to industries of oil and gas for special use, precious metals, lithium ores, etc. (Source: Website of the National Development and Reform Committee)