Free Trade Zone Liberalized 27 Foreign Business Restrictions 19 Fields Permit Foreign Investment

Today (September 29th) is the test field of China's new round of reform and opening up, the 1st anniversary day of China (Shanghai) free trade pilot area (hereinafter referred to as the Shanghai free trade area).

To meet the needs of further opening up in the Shanghai free trade area, the State Council yesterday (September 28th) issued a decision on temporarily adjusting the administrative rules and regulations and the admittance special management measures specified in the departmental rules and regulations approved by the State Council in the pilot area of free trade in China (Shanghai), so as to implement the opening measures from the legal level.

In accordance with the above documents, the State Council has decided to temporarily adjust the implementation of the Special Administrative Measures for the People's Republic of China international maritime spanport Ordinance, the People's Republic of China certification and accreditation Ordinance, the salt industry management regulations, the foreign investment industry guidance catalogue, the automobile industry development policy and the regulations on foreign investment in civil aviation industry.

The daily economic news reporter found that the adjusted 27 admittance special management measures involve many industries such as international shipping, salt, wholesale and retail, scientific research, technical services, geological prospecting, mining, manufacturing and so on, allowing foreign businessmen to participate in related industries in the form of sole proprietorship or capital sharing, or to release restrictions on investors and investment ratios.

According to the regulations of the State Council, the relevant departments of the State Council and the Shanghai Municipal People's Government shall, in accordance with the above adjustments, make corresponding adjustments to the regulations and normative documents formulated by the departments and municipalities in a timely manner, and establish a management system corresponding to further opening up.

Reporter comparison found that the content of the adjustment is mainly in line with the July 1st of this year. Shanghai There are 31 new measures to expand opening up in the free trade area, and the content of adjustment is divided into 27 parts.

For example, the twentieth regulation of the salt industry management regulation stipulates that the wholesale business of salt shall be managed uniformly by salt companies at all levels. Where salt companies are not set up, the units authorized by the people's governments at or above the county level shall be unified and organized. According to the adjustment and implementation measures, the relevant contents are temporarily suspended in the free trade area, allowing foreign businessmen to engage in wholesale wholesale of salt in the form of sole proprietorship, and the scope of service is limited to the experimental area.

This involves Related management In the measures, the qualification requirements, shareholding ratio, operating area and proprietorship of foreign investors involved in related industries were adjusted. On the whole, the relevant industries involved have increased the intensity of opening up to foreign investors.

The reporters found that wholly foreign-owned companies were allowed to operate in international maritime cargo handling, international maritime container terminals and yard operations, salt wholesale, crude oil recovery and related new technology applications, development and application of new technologies for oil exploration and development, cruise ship yacht design, ship cabin machinery design, aero engine parts design, manufacture and maintenance, railway freight spanport business, air spanport sales agency business and so on.

This also means that foreign businessmen who are concerned with the industry are engaged in the design of luxury cruise ships and yachts in the form of sole proprietorship, and the construction and operation of local railways and their bridges, tunnels, ferry and station facilities in the form of sole proprietorship are all recognized at the regulatory level.

　　 crude oil In the field of development, the latest regulations show that foreign investors are allowed to engage in the development and application of enhanced oil recovery (in the form of engineering services) and related new technologies in the form of sole proprietorship.

However, the reporters found that not all the special management measures to be adjusted were allowed to operate solely by foreign investors. For example, the adjustment and implementation of public international shipping agency business showed that foreign businessmen were allowed to engage in related businesses in the form of joint ventures and cooperation, while the proportion of foreign shareholdings was adjusted from the previous 49% to the highest 51%.

In terms of certification bodies established by foreign businessmen, the restrictions on foreign investment import and export certification companies should be abolished and the requirements for investors' qualifications should be abolished.