BEIJING, June 11 (Xinhua) -- China will soon release measures to encourage foreign investors to fully participate in the construction of Hainan Free Trade Port, said Wang Shouwen, vice minister of commerce, at a press briefing last Friday.
The measures were part of a package of policies approved by China’s Cabinet at the end of May to actively and effectively utilize foreign investment, according to Wang.
The policy package focuses on investment liberalization, facilitation, promotion, and protection, as well as regional opening-up layout and national development zones, in a move to create a fair, transparent, convenient and attractive investment environment.
In terms of investment facilitation, a new version of negative list for foreign investment access will be launched before July 1, said Wang
In terms of expanding the opening-up of the service industry, the measures call for steady expansion of opening-up in financial industry and further opening-up in transportation, trade and logistics, and professional service.
Meanwhile, the filing conditions of centralized operation and management for foreign exchange funds will be relaxed and cross-border bilateral RMB capital pool business managed by multinational enterprises will be supported.
(Contributed by Tong Wei, tongwei@xinhua.org, edited by Ding Lei, dinglei@xinhua.org)
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