BEIJING, Aug. 5 (Xinhua) -- China will revise and release the administrative rules on foreign investors' strategic investment in listed companies to boost their long-term investment in the capital market, reported Xinhua Finance citing an official with the Ministry of Commerce (MOC) on August 2.
Zhu Bing, head of the MOC's department of foreign investment administration, said these on a news briefing of MOC, stressing that China remains an unchanged attraction for foreign investors.
Currently, a majority of foreign investors continue to scale up their investment in China thanks to their optimism out of China's recovering economic growth, bright long-term economic prospects, and comprehensive advantages such as the super-large market, quality industrial systems, and high-end talent supplies.
For next step, MOC will ramp up efforts for foreign investment attracting and utilizing to better leverage the role of high-level opening up in fostering reforms of deeper levels and development of higher quality.
For instance, market access requirements will be further relaxed for foreign investors in the future.
Apart from pledging to remove all market access-related restrictions for foreign investment in manufacturing sector, MOC will also promote orderly opening-up of telecommunications, the Internet, education, culture, and medical care sectors to broaden opening-up.
Revision of the administrative rules on foreign investors' strategic investment in listed companies and releasing of the amended version were also mentioned by Zhu and aimed to guide more foreign investors to enter China's capital market and conduct long-term investment, according to the report.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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