Support foreign investment to participate widely in 'Made in China 2025'.

On the 29th, Sun Jiwen, spokesperson for the Ministry of Commerce, stated that the recently released "Catalog of Industries for Foreign Investment (2017 Revision)" is another important reform by China to actively open its doors to the world and improve the investment environment in China. The new "Catalog" will better support foreign-invested enterprises in playing an important role in the development of the real economy.

The 'Foreign Investment Industry Guidance Catalogue (2017 Revision)' expands the scope of encouraged policies.

On the 29th, Ministry of Commerce spokesperson Sun Jiwen stated that the recently released 'Foreign Investment Industry Guidance Catalogue (2017 Revision)' is another important reform for China to actively open its doors to the world and improve its investment environment. The new 'Catalogue' will better support foreign-invested enterprises in playing an important role in the development of the real economy.

It is reported that the 2017 version of the 'Catalogue' has three main characteristics: First, it further narrows the scope of approval for the establishment and change of foreign-invested enterprises. Except for 'domestic companies, enterprises, or individuals acquiring domestic companies with a relevant relationship through legally established or controlled companies abroad', foreign mergers and acquisitions that do not involve special management measures for market access will be included in record management, including introducing foreign investors for strategic investments in listed companies. The Ministry of Commerce will also establish supporting measures and timely revise and issue the 'Record Management Measures for Establishment and Change of Foreign-Invested Enterprises' to clarify the record procedures for mergers and acquisitions. This will significantly simplify the procedures for foreign mergers and acquisitions and effectively reduce institutional transaction costs.

Second, it further relaxes restrictions on foreign investment access in the service, manufacturing, and mining industries, with only 63 restrictive measures remaining, a reduction of 30 from the 93 restrictive measures in the 2015 version of the 'Catalogue'.

Third, it further expands the scope of encouraged policies. The 'Catalogue' has a total of 348 encouraged items, with 6 new items added and 35 items modified compared to the 2015 version. New projects include research and development and manufacturing of virtual reality (VR) and augmented reality (AR) devices, key components for 3D printing equipment, and urban parking facility construction. The newly added and modified encouraged items will better promote the combination of attracting investment, technology, and intelligence, continue to encourage foreign investment in areas that align with China's industrial transformation and upgrading direction, and support foreign investment's extensive participation in the 'Made in China 2025' strategy and innovation-driven development strategy. (Reporter Feng Qiyu)

Never-ending service

Looking forward to providing you with services

Zhoushan Asia Pacific Dockyard Co.,Ltd.

Address: Xibailian, Xishi Town, Putuo District, Zhoushan City, Zhejiang Province
Telephone:+86-580-8876555
E-mail:echoyye@163.com