1. Text: | Print|

      Govt revamps FTZ regulations

      2014-01-07 10:22 China Daily Web Editor: qindexing
      1

      The central government on Monday modified a series of regulations for the China (Shanghai) Pilot Free Trade Zone, in a bid to allow greater involvement of foreign investors in formerly restricted areas such as telecommunications.

      Thirty-two legal clauses from various FTZ laws and regulations were suspended in the 28.78 sq km zone, which is a test field for future economic reforms, according to a statement on the website of the State Council, China's cabinet.

      Among them, 24 clauses, most of which are requirements for investment approval, will be replaced by the FTZ's negative list, which covers the areas that are off-limits to foreign investors.

      Foreign companies are allowed to invest in any of the sectors that are not on the negative list.

      The other eight clauses, which restrict foreign investment in areas such as shipping, credit investigation, entertainment venues, telecoms, and game consoles, will await further regulation measures from related ministries, according to the statement.

      Following the announcement, the Ministry of Industry and Information Technology released a statement on its website to further open the value-added telecoms sector.

      According to the MIIT, foreign investors will be allowed to hold larger stakes in information services and data-processing companies.

      Foreign investors will now be able to own 55 percent of the e-commerce units of data-processing companies, and will have no limits for the app stores and data storage businesses of IT companies.

      Meanwhile, the MIIT also opened four new businesses - call centers, multiparty communications, Internet access and virtual private networks - to foreign investors.

      The first three will have no restrictions on the proportion of foreign investment, but VPN businesses will still have a 50 percent limitation.

      These companies must be registered in the Shanghai FTZ, but their services, apart from network access services, can be sold nationwide.

      Ji Chendong, a telecom analyst at KPMG, said that the move will help to attract foreign operators to the value-added telecom sector in the FTZ.

      "This has also sent a signal that, in general, such groundbreaking policies will be firstly launched in the FTZ," Ji said.

      The State Council also lifted a 13-year ban on the production and sales of game consoles, although market players are still waiting for detailed policies from the Ministry of Culture.

      Chen Bo, a professor at the Shanghai University of Finance and Economics and an expert on the FTZ, said that with the legal barriers removed in these sectors, ministries will draw up and release detailed operation rules as soon as possible.

      However, Chen said, the fact that foreign investors still have to follow the guidelines reflects a major flaw of the 2013 version of the negative list system.

      "The negative list is supposed to indicate only the forbidden areas, and the rest should be fully opened to foreign investors without intervention from ministries," he said, adding that, currently, foreign investors have to deal with restrictions from 16 ministries and departments in various sectors.

      Chen suggested that the 2014 version of the negative list in the FTZ should be drawn up by both the Shanghai local government and the Ministry of Commerce, to make it shorter and remove a layer of complexity.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲成av人片不卡无码| 国产三级在线免费| 国产高清对白在线观看免费91| 国产在线观看免费不卡 | 中日韩亚洲人成无码网站| 亚洲七久久之综合七久久| 波多野结衣免费在线观看| 在线免费观看污网站| 亚洲午夜福利在线观看| 亚洲精品视频免费观看| 亚洲福利中文字幕在线网址| 亚洲激情在线视频| 99免费在线观看视频| 国产福利免费在线观看| 在线亚洲v日韩v| 在线成人爽a毛片免费软件| 亚洲欧洲日韩综合| 免费无码肉片在线观看| 国内成人精品亚洲日本语音| 亚洲第一区在线观看| 色www永久免费网站| 国产精品高清全国免费观看| 美女视频黄.免费网址| 成人浮力影院免费看| 亚洲国产精品无码久久| 五月婷婷在线免费观看| 亚洲一本一道一区二区三区| 免费人成视频x8x8入口| 亚洲AV无码专区在线亚| 永久在线观看免费视频 | 粉色视频在线观看www免费| 国产成人亚洲影院在线观看| 亚洲色少妇熟女11p| 亚洲国产综合精品中文字幕| 小日子的在线观看免费| 亚洲精品GV天堂无码男同| 亚洲精品国偷自产在线| 欧美好看的免费电影在线观看| 免费福利资源站在线视频| 一区国严二区亚洲三区| 亚洲AV无码一区二区三区久久精品|