On June 5
th
2017, the General Office of the State Council issued the new version the Special Administrative Measures for Foreign Investment Access to Pilot Free Trade Zones (Negative List 2017 Edition), and the new version of Negative List which will be take n effect on July 10
th
this year will be adopted in all the 11 Pilot Free Trade Zones in China.
Compared to the old version of Negative List (2015 Edition), in the new edition there are only 95 clauses and 27special administration measures were deleted which means these 27 areas will be opened to foreign investment. And the new opened areas are mainly focus in manufacturing and services sectors, especially in the high-end manufacturing areas such as the aviation and car manufacturing, and the banking and insurance service areas.
From the new Negative List, we can see the restrictions for foreign investment becoming less, which represents the further innovation of China’s foreign investment management mode and brings a new round of business opportunities for foreign investors.