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ARTICLE · 14 MAY 2015

Foreign equity ratios in operating e-commerce business platform can reach 100%

King & Wood Mallesons
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New regulations have relaxed restrictions on foreign investments in various value-added telecommunication services.

ChinaGovernment, Public Sector
Wang Rui
Wang Rui
Xiao Yu
Xiao Yu

In 2014, the Ministry of Industry and Information Technology ("MIIT") and Shanghai Municipal Government issued a series of regulations in relation to opening up value-added telecommunication services to foreign investments within the Shanghai Free Trade Zone (FTZ) 1 . According to these regulations, the restrictions on foreign investments in seven categories of value-added telecommunication services2 , which were listed under the current Classification Catalogue of Telecommunication Services 3 (" Classification Catalogue of Telecommunication Services (2003)"), have been relaxed to different degrees4 . Among which, the percentage cap on foreign equity ownership of companies providing "Online Data Processing and Transaction Processing Services (Operating e-commerce)" has been lifted from 50% to 55%. Meanwhile, the approval and establishment process for foreign invested telecommunication enterprises have been substantially simplified in the Shanghai FTZ5 , and such

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