Home> Living in Guangdong> Law> Law News
The National Development and Reform Commission Revised the Catalogue of Guidance of Foreign Investment Industries again
2014-November-14 Source: Newsgd.com
Text Size: A A A | Print | Share by E-mail:

On November 4th,2014, the National Development and Reform Commission issued the revised draft of the Catalogue of Guidance of Foreign Investment Industries (“Catalogue”) for seeking for public comment. The revised draft is mainly to relax the foreign investment admission in service industry and general manufacturing industry. Since the Catalogue released in 1995, this is the sixth revision. This revision is the maximum in amplitude and openness, which cuts sharply on restricted entry and further liberalization of restrictions on foreign equity ratio. Restricted items are reduced from 79 to 35. In the liberalized the restrictions on foreign equity ratio, "cooperation", "joint venture" entries are reduced from 43 to 11, "the Chinese side holding" entries are reduced to from 44 to 32.

It is understood that the revised draft is expected to be submitted to the State Council for approval before the end of the year and implemented as soon as possible.

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

Editor: Sunny
Related News
This site contains material from other media for content enrichment purpose only. The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
Home | About Us | Contact Us | Southcn.com
www.newsgd.com registered number 020074 | ICP Certificate No.B2-20050252