Advanced Search

The story appears on

Page A10

January 10, 2018

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

FTZ rules eased for foreign investment

Source: Xinhua | 00:01 UTC+8 January 10, 2018 | Print Edition

THE State Council has decided to ease regulations for enterprises investing in free trade zones to promote reform and opening up, a notice said yesterday.

According to the decisions endorsed by Premier Li Keqiang, China will allow wholly foreign-owned entertainment venues to provide services in FTZs and permit foreign investors to invest in Internet access business.

China will remove the restriction that at least 70 percent of equipment in foreign-funded urban-rail traffic projects should be made in China.

Wholly foreign-owned companies were allowed to open gas stations and to design, produce and repair aircraft with a maximum takeoff weight of 6 tons.

Investment proportion curbs on helicopters with a takeoff weight of at least 3 tons were also lifted.

Foreign investors were also allowed to be controlling shareholders in international shipping agencies.

China’s FTZs, which have grown from the first in Shanghai to 11 across the country, are a way of testing new policies, including interest rate liberalization and fewer investment curbs.

Finance


 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend