China Updates- FDI Catalogue Update

FDI Catalogue Update

The consultation period for the revised draft of the Foreign Investment Industrial Guidance Catalogue (“FDI Catalogue”) ended on 3rd December. This Consultation Draft makes significant changes, including the following:

1. Removal of Foreign Ownership Restrictions in around 75% of industries subject to a requirement to forming joint ventures with Chinese parties and around 25%  of industries where a Chinese party must (previously) have held a majority stake . 
2. Reduction of Restricted List by around 50%. Examples of industries thereby freed up include direct marketing and e-commerce.
3. Increase of Encouraged List, mainly in manufacturing subsectors and clean and alternative energy, but also in transportation, environmental protection, and various design sectors.

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