Beijing, August 2 (WAM) – China’s Ministry of Commerce (MOC) has announced plans to amend and issue the “Rules on the Management of Strategic Investment for Foreign Investors in Listed Companies.”
This came during a press conference held today at the Information Office of the State Council of China.
“The ministry will expand the list of industries that encourage foreign investment, and will issue the 2024 version of the negative list for foreign investment entry,” Zhou Ping, director of the foreign investment department at the Ministry of Commerce, was quoted as saying by the Economic Daily.
He added that these steps come in implementation of directives to cancel all restrictions on foreign investment in the manufacturing sector nationwide, which means “zeroing” restrictions in this sector nationwide.
He pointed out that the ministry will also work to systematically expand opening-up in the fields of communications, the Internet, education, culture and health care, based on China’s own development needs.
Zhou stressed that the aim of amending the strategic investment rules is to direct more high-quality foreign investment into China’s capital market for long-term investment.
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