The Catalogue for the Guidance of Foreign Investment Industries (Revision 2017) was jointly issued by the National Development and Reform Commission and the Ministry of Commerce of the People’s Republic of China and came into force on July 28, 2017; while the Catalogue of Industries for Guiding Foreign Investment (Revision 2015) issued by the National Development and Reform Commission and the Ministry of Commerce on March 10, 2015 was repealed simultaneously.
In terms of items, the 2017 version Catalogue has further reduced restrictive measures. On top of the half reduction of restrictive measures in the 2015 version, the present revision pushes again for a major relaxation of foreign investment access. The 2017 version Catalogue contains 63 restrictive measures (including 35 restricted items and 28 prohibited items), 30 items less than the 2015 version, which contained 93 restrictive measures (including 19 encouraged items with share ratio requirement, 38 restricted items and 36 prohibited items). Meanwhile, the number of encouraged items remains basically unchanged, reflecting the continuation of encouragement to foreign capital to invest in areas like advanced manufacturing, high technology, energy saving and environmental protection, and modern services.
In terms of sectors, the 2017 version Catalogue has further increased openness in sectors such as service, manufacturing and mining. In the service sector, access restrictions are called off mainly in areas including road passenger transport, ocean shipping tally, credit investigation and rating services, accounting and auditing, and agricultural produce wholesale market. In the manufacturing sector, access restrictions are repealed mainly in areas including rail transit equipment, automotive electronics, new energy vehicle battery, motorcycle, edible oil and fuel ethanol, while restrictions on access to areas like pure electric vehicles are loosened up. In the mining sector, access restrictions are called off mainly in areas like unconventional oil and gas, precious metal and lithium ore. In the meantime, projects conforming to the direction of the industrial structure adjustment and optimization are added in the encouraged items, such as foods for special medical purpose, VR/AR equipment, key 3D printing equipment components and urban parking facilities.
Interpretation of China’s Catalogue for the Guidance of Foreign Investment Industries (Revision 2017).pdf
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