PRC widens opportunities for foreign direct investment by issuing new negative lists
On 28 June 2018, the central government departments of the People’s Republic of China (“PRC”) in charge of foreign investment in the country, namely the National Development and Reform Commission (“NDRC”) and the Ministry of Commerce (“MOFCOM”), jointly issued the “Special Management Measures for Foreign Investment Access (Negative List) (2018 Version)” (“2018 Nationwide Negative List”). The 2018 Nationwide Negative List comes into effect on 28 July 2018.
Following the issue of the 2018 Nationwide Negative List, NDRC and MOFCOM on 30 June 2018 jointly issued the “Special Management Measures for Foreign Investment Access in Pilot Free-Trade Zones (Negative List) (2018 Version)” (“FTZ Negative List”, or “Negative Lists” in conjunction with the 2018 Nationwide Negative List). On 30 July 2018, the FTZ Negative List comes into effect, and replaces its earlier version which was issued on 5 June 2017.
This article provides a summary and analysis of PRC’s most recent developments in relation to foreign investment pursuant to the Negative Lists.
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