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ARTICLE · 28 APRIL 2011

New PRC Foreign Investment Catalogue

Norton Rose Fulbright Australia
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On 1 April 2011, the Legislative Affairs Office of the State Council published a notice soliciting comments from the public on a proposed revised version of the PRC Catalogue of Industries for Guiding Foreign Investment (the Investment Catalogue). This update to the Investment Catalogue has been anticipated since the publication in 2010 of the State Council’s Opinions on the further utilisation of Foreign Investment, which set new goals for the development and further liberalisation of foreign i

AustraliaFinance and Banking
Michael Yu
Michael Yu
Ronan Diot
Ronan Diot
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Introduction

On 1 April 2011, the Legislative Affairs Office of the State Council published a notice soliciting comments from the public on a proposed revised version of the PRC Catalogue of Industries for Guiding Foreign Investment (the Investment Catalogue). This update to the Investment Catalogue has been anticipated since the publication in 2010 of the State Council's Opinions on the further utilisation of Foreign Investment, which set new goals for the development and further liberalisation of foreign investment in China.

First published in 1995, the Investment Catalogue has witnessed the quick development of China and the progressive opening of the country to foreign investment. It is the principal policy document regarding investment by foreign companies in China, and it sets out in great detail the industrial sectors where foreign investment is (i) encouraged, (ii) restricted, or (iii) prohibited. Industrial sectors not listed in the Investment Catalogue

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