Guangzhou Government decides to adjust the interim procedures for regulating business registration to support the development of Nansha Area of Guangdong Free Trade Zone.
The adjusted procedures stipulate that the foreign investment out of the negative list will be recorded instead of being approved or special managed, which aim to further facilitate foreign funds to enter the FTZ.
The negative list is an innovative management approach that increases foreign investors' freedom because any sectors not banned on the list are open to them. Now, the negative list groups 18 main sectors of the national economy, such as manufacturing, transportation, IT and finance, and further subdivides them into 1,067 subcategories.
According to the government, the adjusted regulation will be implemented from July.13th, 2015 to Feb.28th, 2018.
The overseas investment in GDFTZ till now [Graph/Will, newsgd.com]