Chinese Catalogue of Industries for Guiding Foreign Investment to be Amended – Opening Doors Wider?

12/23/2014

On October 31, 2014, the Chinese State Council released the 2014 edition of the Catalogue of Investment Projects Subject to Government Verification and Approval (the “Investment Projects Catalogue”). Four days later, the National Development and Reform Commission (“NDRC”) issued an announcement to seek public comments on the Draft Amendments to the Catalogue of Industries for Guiding Foreign Investment (the “Draft Amendments”). It is also announced that the Draft Amendments have been preliminarily reviewed by various major foreign investment governing authorities including NDRC and the Ministry of Commerce (“MOFCOM”).

The Investment Projects Catalogue lists a series of infrastructure investment projects that trigger the requirements for different governmental approval or filing. Such regulatory requirements generally apply to both domestic and foreign investors doing business in China. On the other hand, the Catalogue of Industries for Guiding Foreign Investment (the “Foreign Investment Catalogue”) regulates foreign direct investment in China only.

Read the full alert on the Chinese Catalogue of Investment Projects.

 

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