In late 2017, the Beijing Municipal Commission of Commerce announced several new temporary regulation adjustments aimed at loosening restrictions on foreign investment in the city. The adjustments, which are effective from December 22, 2017 to May 5, 2018, are designed to further open Beijing’s service sector to international investment.
The adjustments lower qualification standards for foreign investors and broaden the scope of permitted business activities in several service industries, including culture and education, business and tourism, science and technology, healthcare, and finance. After the May 5 deadline, authorities will study the pilot program and determine whether to keep or amend the measures.
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