国务院发布《关于在中国(上海)自由贸易试验区内暂时调整实施有关行政法规和经国务院批 准的部门规章规定的准入特别管理措施的决定》(09/04/2014)

On Sept. 4, 2014, the State Council released the Decision Concerning the Interim Adjustment of Implementation of Relevant Administrative Regulations and Rules as Approved by State Council Regarding the Special Administrative Measure on Market Entry In China (Shanghai) Free Trade Pilot Zone (the Decision), which became effective on the same day.

More Opportunities for Foreign Investment in Shanghai Free Trade Zone

For further development of the Shanghai Free Trade Zone (the FTZ), the Decision eases and even eliminates the qualification, shareholding, and relevant market-entry related requirements on the foreign investment within FTZ as specified under several administrative regulations and ministerial rules approved by the State Council.

Among the 27 adjustments introduced by the Decision, 10 are related to the services industry (excluding real estate) while the other 17 are in connection with manufacture, real estate and mining industries. Note the adjustments are interim adjustments, meaning that authorities, at their discretion, may cancel such adjustments from time to time in accordance with the practical experience gained from the implementation in the FTZ. Several important adjustments are summarized in the table below:

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Conclusion

The Decision creates more opportunities for foreign investment in the FTZ.

  • Decision Concerning the Interim Adjustment of Implementation of Relevant Administrative Regulations and Rules as Approved by State Council Regarding the Special Administrative Measure on Market Entry In China (Shanghai) Free Trade Pilot Zone
  • -《关于在中国(上海)自由贸易试验区内暂时调整实施有关行政法规和经国务院批准的部门规章规定的准入特别管理措 施的决定》
  • Issuing authority: the State Council
  • Date of issuance: Sept. 4, 2014 / Effective date: Sept. 4, 2014