On 24 June 2021, according to Gao Feng (高峰), the spokesperson of the Ministry of Commerce (MOFCOM), the MOFCOM and National Development and Reform Commission (NDRC) have jointly launched the revision of the 2021 negative list for foreign investment access and have widely solicited public opinions and suggestions.
Since 2017, China has been revising its negative lists for foreign investment access nationwide and in pilot free trade zones for four continuous years, with the number of items subject to special administrative measures down from 93 to 33 and from 122 to 30 respectively. In particular, in the industry of finance and automobile, China has introduced a series of opening-up measures to constantly move restrictions on foreign investment access and boost confidence in foreign investment.
The forthcoming negative list for cross-border trade in services in Hainan Free Trade Port is under deliberation, said Gao Feng. Under the framework of the Hainan Free Trade Port Law (海南自由貿易港法), the MOFCOM will, in accordance with the requirements of the “Overall Plan for the Construction of Hainan Free Trade Port” (海南自由貿易港建設總體方案), promote the implementation of current policies and the introduction of the negative list for cross-border trade in services in Hainan Free Trade Port, and optimize the policy environment for the supervision over import and export goods and articles.
Cover Photo by Brenda Tong (https://unsplash.com/@brendatong) on Unsplash
Contributors: CJO Staff Contributors Team
