Circular of the State Council on Several Measures concerning the Expansion of Opening-up and Active Use of Foreign Capital

On January 17^th 2017, The State Council of China released the Circular of the State Council on Several Measures concerning the Expansion of Opening-up and Active Use of Foreign Capital, unveiling its new policy to facilitate foreign investment. I believe the implementing measures will be promulgated in several months. The brief on it is as follows:

• Local governments are granted discretion to enact local foreign investment incentive policy;

• PPP: foreign investment is encouraged to take part in infrastructure construction in energy, transportation, water conservancy, and environmental protection through franchising;

• Service industries: loosen the restriction on the investment of financial institution, securities company, securities investment fund management company, futures company, insurance institution, insurance agency;

• This policy may serve as the guidelines on Chinese foreign investment policy in the next 5-10 years.

For more details see:

http://www.gov.cn/zhengce/content/2017-01/17/content_5160624.htm

http://www.gov.cn/zhengce/content/2017-01/17/content_5160624.htm