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ARTICLE · 10 OCTOBER 2019

Shanghai Releases Implementation Regulation For Foreign Investment Law

Dezan Shira & Associates
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Shanghai's local government is the first to introduce regulatory guidelines for implementing the Foreign Investment Law (FIL) in China.

ChinaGovernment, Public Sector
Zoey Zhang
Zoey Zhang
  • Shanghai's local government is the first to introduce regulatory guidelines for implementing the Foreign Investment Law (FIL) in China.
  • The guidelines identify respective local authorities to enforce provisions of the FIL.
  • Investors can expect relaxation of restrictions on foreign registered capital and investment methods in the Shanghai FTZ and Lingang New Area.

On September 18, Shanghai's municipal government issued Opinions on the Further Promotion of Foreign Investment in Shanghai, which makes it the first regional jurisdiction to roll-out an implementation regulation for the national Foreign Investment Law. Other jurisdictions are expected to follow suit.

Although the document is still general in scope, it provides operational guidance and designates responsible local authorities to enforce China's FIL provisions.

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