Beijing Plans to Draft Supporting Rules for Foreign Investment Law This Year

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING: Chinese Firms Urged to Fortify Online Brands as Cybersquatting Costs Mount

LATEST: Chinese Firms Urged to Fortify Online Brands as Cybersquatting Costs Mount; Tech Brief (Oct. 16): China’s Tech Minister Meets With Apple CEO; China Debuts Ultrafast Oscilloscope in Drive to Break Tech Barriers; Tech Brief (Oct. 15): Google to Invest $15 Billion in India for AI Hub; Tech Brief (Oct. 13): Wingtech Temporarily Loses Control of Dutch Chipmaker Nexperia; Tech Brief (Oct. 10): China’s AI Server Market Doubles; Tech Brief (Oct. 9): SoftBank to Acquire ABB’s Robotics Business; Tech Brief (Sept. 30): U.S. Widens Export Blacklist; U.S. Tightens Export Controls to Cover Subsidiaries of Blacklisted Firms; DeepSeek Unveils New Model With Sparse Attention, Slashes API Costs; Tech Brief (Sept. 29): Meituan’s Food-Delivery Platform Keeta Launches in Dubai; Chinese Chipmaker Moore Threads Gets Fast Track Approval to $1.1 Billion IPO; Chinese Drone Maker XAG Files for Hong Kong IPO After First Annual Profit; GPT Weekly: Nvidia to Invest $100 Billion in OpenAI; Tech Brief (Sept. 26): Trump Approves TikTok Deal; Xiaomi Ups the Stakes in Premium Market With iPhone-Style 17 Series; Yangtze Memory’s Parent Restructures to Pave Way for IPO Amid Sanctions Pressures; Tech Brief (Sept. 25): Alibaba Launches AI Models; Alibaba Bets Big on ‘AI + Cloud’ With New Models, Nvidia Deal; GlobalFoundries Boosts U.S. Investment, Adds China Fabs to Meet Auto Chip Demand

By Qu Hui and Timmy Shen / Mar 29, 2019 02:18 AM / Finance

Photo: VCG

China plans to complete the drafting of supporting regulations and policies for the new Foreign Investment Law this year, said Premier Li Keqiang Wednesday at the Boao Forum for Asia in Hainan.

Li said China will further clean up laws, regulations and policy documents that run counter to the openness and the competitive neutrality principles of the new investment act.

The government will also shorten the so-called negative list of industries in which foreign investment is limited or prohibited. Li said the government will only take out restrictions rather than imposing more, and China will further open up sectors including value-added telecommunications, medical institutions, education service, transportation, infrastructure and energy.

Li said the government plans to release an updated negative list by the end of June.

Share this article

Open WeChat and scan the QR code