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ARTICLE · 17 OCTOBER 2017

Asia Tax Bulletin Autumn 2017

Mayer Brown
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On 8 August 2017, the State Council issued a notice (Guo Fa [2017] No. 39) announcing measures to encourage foreign investment.

GlobalTax
Pieter De Ridder
Pieter De Ridder
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CHINA (PRC)

Policy on foreign investment

On 8 August 2017, the State Council issued a notice (Guo Fa [2017] No. 39) announcing measures to encourage foreign investment. The measures are intended to improve the foreign investment policy in five aspects.

The contents of the notice are summarised below:

  • Reduction of limitations on import of foreign capital: The national treatment and negative list management system in respect of foreign investment, which was trialled in Free Trade Pilot Zones, will be fully implemented nationwide with increased market access to foreign investors. The notice encourages foreign investments in special and new energy automobiles, vessel design, call centres, banking, insurance and securities, etc.

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