China is pushing out the key areas of special vehicles and new energy automobile manufacturing, ship design, banking, securities industry and insurance industry, according to the Notice of Several Measures on Promoting Foreign Investment Growth (hereinafter referred to as the "Notice") issued by the State Council Open, its timetable and road map is ready to come out.
September 21, the Ministry of Commerce press conference, the Ministry of Commerce spokesman said the peak, there are now more than 50 departments and more than 20 provincial governments put forward the implementation of the notice of the work plan.
China is also accelerating the revision of the "three foreign laws" and enacting a unified foreign investment law "Foreign Investment Law". Ministry of Commerce responded that some foreign-funded enterprises worry and doubt is not necessary, this is to better protect the legitimate rights and interests of foreign investors.
Legislation will reduce investment restrictions
China Chamber of Commerce in China recently said in a proposal that China is developing a "specifically for foreign" policy, worried that the investment environment will be complicated, is not conducive to foreign investment. September 21 at the press conference, the peak response, said some foreign-funded enterprises worried and questioned completely unnecessary.
"The fundamental purpose of the" foreign investment law ", or other normative document on foreign investment, is to better protect the legitimate rights and interests of foreign investors." The peak said that in recent years the Chinese government has adopted the " Revising the "Catalog of Foreign Investment Industries", the negative list of the free trade zone, and constantly opening up the market to foreign investors, reducing the access restrictions of foreign investment, the effectiveness of investors around the world for all to see.
At the 16th meeting of the recent Central Finance Leading Group, General Secretary Xi Jinping stressed the need to speed up the reunification of foreign and domestic laws and regulations and formulate new foreign capital laws.
The summit said that China is in the form of legislation to promote the opening up to the outside world, for foreign companies in China to create a more stable, transparent and predictable legal environment.
In the Ministry of Commerce Institute of International Market Research Institute deputy director Bai Ming view, the EU Chamber of Commerce doubts that the misunderstanding of the original intention of China's foreign legislation. China has had "foreign law", and now consider revising these laws and regulations, in fact, in order to reduce the restrictions on foreign investment to protect their rights and interests.
"From the international point of view, no matter what kind of way, foreign investment to regulate the practice is the country's foreign practice is always saying that China's rule of law is not enough, and now speed up the process of rule of law, foreign business should be happy, but some foreign-funded enterprises Both to protect the rights of the law, but also do not want to bear the obligations of the rule of law, the mentality of some complex. "Bai said.
The three most important amendments to the Law on Foreign-funded Enterprises and the Law on Chinese-Foreign Contractual Joint Ventures, which are formulated in the early days of reform and opening-up, are the " Management measures, the relevant approval matters to record the management of "the provisions of the relaxation of restrictions.
Bai Ming said that after the various free trade pilot area to take a flexible approach to suspend the "foreign law" in the relevant provisions, but for foreign investment can not always have special things, we must implement the normalization of the rule of law management. In addition, China needs to develop a unified "foreign investment law" of the basic law.
One of the concerns of foreign investors is the protection of national treatment and fair competition. In the interview with the 21st century economic report, he said that the future of China's foreign investment policy will be in accordance with the "neutral" framework to build, its core is the national treatment, fair policy environment and competition Opportunity, and standardize the market supervision system.
Multidisciplinary will ease foreign access
For the government is to explore foreign investment in new energy vehicles manufacturers in the free trade zone set up wholly-owned enterprises rumors, the peak response said, will soon study the introduction of new energy vehicles to reduce foreign investment restrictions on policy measures, continue to promote the opening up in this area The
According to the "Notice on Measures to Promote the Growth of Foreign Investment" issued by the State Council last month, 12 key areas including new energy vehicles will further expand foreign investment and will formulate a clear timetable and roadmap.
Vice Minister of Commerce Wang Zuwen previously revealed that the 12 areas will be substantially relaxed restrictions on foreign shares and other constraints. At present, China requires new energy vehicles manufacturing, special vehicle manufacturing, foreign investment ratio can not exceed 50%, after the introduction of the notice will reduce the proportion of restrictions.
In addition, the Internet business services in the Internet, the current ban on foreign investment in China. In the banking, securities, insurance industry, China has limited foreign capital ratio, but also the requirements of executives, business areas and other restrictions. Wang said that these areas of access will be relaxed.
Peak, there have been more than 50 departments and more than 20 provincial governments have put forward the implementation of the notice of the work plan, the Ministry of Commerce in August will not involve special management measures of foreign mergers and acquisitions by the "case by trial" to " Online record ", and will continue to coordinate the relevant policies as soon as possible to implement.
Many places are released local version of the "foreign policy". According to incomplete statistics, there are more than ten provinces, autonomous regions and municipalities such as Jiangsu, Beijing, Shanghai, Zhejiang, Fujian, Sichuan, Hebei, Hebei, Shandong and so on.
In the open range, from manufacturing to the financial industry, from traditional industries to high-tech industries, China has significantly expanded the boundaries of foreign investment.
In the field of manufacturing, Bai Ming said that China has made it clear that the "China-made 2025" included in the strategic industries open to foreign investment, "China made 2025" all the policy measures are generally applicable to foreign-funded enterprises, for all enterprises are treated equally Fully demonstrated China actively promote the open attitude.
"All localities and departments are developing measures to expand the opening to the outside world, and the market access in various fields is also relaxed. This shows that China's further expansion and opening up, attracting foreign investment is not a simple verbal commitment, but real The action. "Bai said.
Ministry of Commerce
