Original title: my country’s negative list of foreign investment access has been reduced for the fifth consecutive year. The restriction on foreign shareholding in passenger car manufacturing has been removed, and the manufacturing entry in the Pilot Free Trade Zone has been cleared.
Xinhua News Agency, Beijing, December 27th (Reporter Xie Xiyao An Bei) The National Development and Reform Commission and the Ministry of Commerce released on the 27th “Special Management Measures for Foreign Investment Access (Negative List) (2021 Edition)” and “Foreign Investment in Pilot Free Trade Zones” Access Special Management Measures (Negative List) (2021 Edition)”, effective from January 1, 2022. This is the fifth consecutive year that my country has reduced the negative list of national and pilot free trade zones.
According to the 2021 version of the National Negative List of Foreign Investment Access, in the field of automobile manufacturing, the restrictions on foreign shareholding in passenger car manufacturing and the restriction that the same foreign company can establish two or less joint ventures in the country to produce similar vehicle products will be eliminated; In the field of radio and television equipment manufacturing, the restrictions on foreign investment in satellite television broadcasting ground receiving facilities and the production of key components have been lifted.
The 2021 version of the 2021 Pilot Free Trade Zone has cleared the manufacturing items in the negative list of foreign investment access, and explored the relaxation of service industry access. In the field of market research, except for radio and television listening and viewing surveys that must be controlled by the Chinese party, foreign investment restrictions are removed; in the field of social surveys, foreign investors are allowed to invest in social surveys, but the Chinese party’s share ratio is required to be no less than 67%. The legal representative should have Chinese nationality.
The relevant person in charge of the National Development and Reform Commission said that the general direction of the revision and introduction of the 2021 version of the negative list for foreign investment access is to further increase the level of opening up, improve the management system of national treatment plus negative list before foreign investment access, and promote investment liberalization and facilitation. The main principles to be followed are to coordinate development and security, further expand opening up, and the intensity of opening up to the outside world is in line with national security and regulatory capabilities; learn from international rules, through foreign investment security review, domestic and foreign investment consistent management measures to prevent and control risks The above is not included in the negative list; play the role of the pilot free trade zone in reform and opening up, continue to expand the opening up and pilot; maintain national security, and continue to retain foreign investment restrictions in sensitive areas involving national political security and ideological security.
From 2017 to 2020, my country has revised the negative list of national and pilot free trade zones for four consecutive years. Special management measures for foreign investment access have been reduced from 93 and 122 to 33 and 30 respectively. In the fields of finance, automobiles, etc., a Approval of major opening-up measures.
The 2021 version of the Negative List for Foreign Investment Access in the National and Pilot Free Trade Zones has been further reduced to 31 and 27, with reduction ratios of 6.1% and 10% respectively. The reduction has further deepened the opening up of the manufacturing industry, explored the liberalization of service industry access in the pilot free trade zone, and improved the accuracy of the negative list for foreign investment access, and optimized the management of the negative list for foreign investment access.
In the 2021 version of the Negative List of Foreign Investment Admissions, the explanation section has been added: “Domestic companies engaged in businesses in the areas prohibited by the Negative List of Foreign Investment Admissions to issue shares overseas and list for trading shall be reviewed and approved by the relevant competent authorities of the state, and foreign investors shall not participate in the enterprise. For operation and management, its shareholding ratio shall be implemented in accordance with the relevant regulations on the management of domestic securities investment by foreign investors.
The person in charge said that this provides policy space for domestic companies engaged in businesses in areas prohibited from investment on the negative list to list overseas, and is a specific measure to improve the accuracy and inclusiveness of the management of the negative list for foreign investment access. At the same time, it is clarified that such enterprises need to meet the two conditions that foreign capital does not participate in the operation and management of the enterprise and that the share ratio meets the requirements for overseas listing, which reflects the requirements for overall development and safety.
.