• Retention

China’s 2020 New Negative Lists Signal Further Opening-Up

On June 23, 2020, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOF) jointly issued two “negative lists”, both of which will take effect on July 23, 2020. This is a timely follow-up of the promise made in the 2020 Two Sessions about further relaxing market access for foreign investment.


The two Negative Lists refer to the Special Administrative Measures on Access to Foreign Investment (2020 edition) (“2020 National Negative List”) (full list in Chinese available here and full list in English available here) and the Free Trade Zone Special Administrative Measures on Access to Foreign Investment (2020 edition) (“2020 FTZ Negative list”) (full list in Chinese available here and full list in English available here), which will replace their respective 2019 versions.


These two negative lists enumerate the industries where foreign investment will either be prohibited or restricted.


What is the latest reduction in restrictive/prohibitive measures affecting foreign investment?


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