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: In Depth: What’s in the China-U.S. Tariff Truce, and What’s Left Unsettled

LATEST: Chinese Lidar-Maker Hesai Eyes Growth Overseas, Where Adoption Lags; China’s Short Drama Boom Puts TV Show Creators on the Defensive; Nexperia’s Dutch Entity Seeks $2 Billion From Wingtech; Taiwan Weighs Tighter Controls on Chip Exports to Chinese Mainland; Tencent Launches Upgraded Hy4 AI Model With Visual Understanding; Meituan Unveils New AI Model Trained on Homegrown Chips; Cover Story: The Global Tech Sell-Off Tests the Economics Behind AI Boom; FCC Votes to Ban Chinese Labs From Testing Electronics for U.S. Market; China Optical Module Stocks Slump Despite Surging Earnings; Tencent Expands Enterprise AI Push With Integrated Workspace; Insta360 Profit Falls 94% Despite Strong Sales Growth; Apple’s Debut Foldable Suffers Hardware and Software Glitches; Unitree Robotics Surges as AI Models Promise to Unlock Robot Potential; Moonshot AI Launches More Powerful Kimi Model; MiniMax Shares Fall Below IPO Price Amid AI Sector Sell-Off; Micron Taiwan Workers Stage Strike Seeking Bigger Share of AI Profits; ByteDance Challenges Claim That AI Dramas Consume 55% of China’s Tokens; MiniMax Cuts API Prices With New Flash AI Model; China Creates National Data Group to Advance Data Economy; U.S. Bans Civilian Federal Agencies From Using DeepSeek Products

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