The State Council Has Adjusted The Relevant Laws And Regulations Of The FTA To Promote The Plan.

The State Council promulgated the decision on temporarily adjusting the relevant administrative regulations, the State Council documents and the departmental rules and regulations approved by the State Council in the pilot area of free trade (hereinafter referred to as the decision).

The decision said that in order to ensure the smooth implementation of the reform and opening up measures in the pilot area of free trade, the State Council decided to temporarily adjust the 18 administrative rules and regulations in the free trade pilot area, such as the 4 administrative rules and regulations, the State Council's decision on the reform of investment body system, and the 4 relevant regulations of the State Council approved by the State Council, including the 4 State Council documents, the foreign investment industry guidance catalogue (2015 Revision).

The decision requires the relevant departments of the State Council and Tianjin.

The people's governments of cities, Fujian and Guangdong should make corresponding adjustments to the regulations and normative documents formulated by their departments and provinces and cities in accordance with the above adjustment, and establish a management system corresponding to the requirements of the pilot projects.

In Guangdong, Tianjin, Fujian free trade pilot area, Shanghai

Within the extended area of the pilot area, foreign-owned international ship management, international maritime cargo loading and unloading, international maritime container terminals and yard enterprises are allowed to be established, allowing foreign businessmen to engage in public international shipping agency business in joint venture and cooperation form. The shareholding ratio of foreign parties is relaxed to 51%, and the relevant departments of pportation and pportation under the State Council shall formulate relevant management measures.

Part of the adjustment shows that within the scope of the free trade trial area in Shanghai, Guangdong, Tianjin and Fujian, the approval of foreign investment projects (except for approval by the State Council for domestic investment projects) is temporarily suspended. Instead, it is changed to record management. Foreign investors are allowed to engage in R & D, design and manufacture of passenger service facilities and equipment with high-speed railways, passenger dedicated lines and intercity railways, and to develop, design and manufacture track and bridge equipment related to high-speed railways, passenger dedicated lines and intercity railways, manufacture of electrified railway equipment and equipment, and manufacture of railway passenger cars and sewage equipment; and temporarily suspend implementation.

In principle, the iron and steel industry does not allow the requirements of foreign holdings, as well as the qualification requirements for foreign investors, and allows the establishment of wholly foreign-owned iron and steel production enterprises.