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ARTICLE · 29 SEPTEMBER 2023

China Issues Foreign Investment Guidelines

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On August 15, the Chinese State Council (essentially, the Chinese cabinet) released new guidelines titled "Opinions on increasing efforts to attract foreign investment."

ChinaGovernment, Public Sector

On August 15, the Chinese State Council (essentially, the Chinese cabinet) released new guidelines titled "Opinions on increasing efforts to attract foreign investment."1 While these guidelines are not binding on the Chinese government, they provide insight into coming legal and regulatory priorities from the government, as quarterly foreign investment in China hit a 25-year low earlier this year.2

The guidelines provide 24 specific measures aimed at implementing six overarching goals. The goals are: improve the quality of foreign capital; guarantee national treatment for foreign enterprises; strengthen protections for foreign investments; improve investment facilitation; increase fiscal and tax support for foreign investments; and improve promotion methods to attract foreign capital.3 The guidelines specifically name "major scientific research projects" and biomedicine as areas of particular interest with respect to foreign direct investment, outlining proposals

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