Announcement
03 Sep 2016
6th September 2016 - An announcement from the PRC National People's Congress removed the requirement for 'Foreign-owned Entreprises' and three other types of businesses, to seek approval from local administrators unless their business is on a 'negative list' of prohibited types of firms.
The law comes into effect after successful pilot programs conducted in several Free Trade Zones in China.
Source
Number of interventions
1
0 certainly harmful
0 likely harmful
1 liberalising
Implementation date
01 Oct 2016
Revocation date:
No revocation date
As of 1 October 2016, the Chinese authorities partially deregulated the establishment of "foreign-invested enterprises" (FIEs).
These include fully foreign-owned enterprises, as well as Sin...
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