China relaxes regulations for investors in FTZs

The State Council of China has decided to ease regulations for enterprises investing in free trade zones (FTZs) to promote reform and opening up, a notice said on January 9.

According to the decisions endorsed by Chinese Premier Li Keqiang, China will allow wholly foreign-owned entertainment venues to provide services in FTZs and permit foreign investors to invest in Internet access businesses.

The country will remove the restriction that at least 70 percent of equipment in foreign-funded urban-rail traffic projects should be made in China.

Wholly foreign-owned companies were allowed to open gas stations and to design, produce and repair aircraft with a maximum takeoff weight of  six tonnes. Investment proportions limitations on helicopters with a takeoff weight of at least three tonnes were also lifted.

Foreign investors were also allowed to be controlling shareholders in International shipping agencies.  

China relaxes regulations for investors in FTZs

The State Council of China has decided to ease regulations for enterprises investing in free trade zones (FTZs) to promote reform and opening up, a notice said on January 9. According to the decisions endorsed by Chinese Premier Li Keqiang, China will allow wholly foreign-owned entertainment venues to provide services in FTZs and permit foreign investors to invest in Internet access businesses. The country will remove the restriction that at least 70 percent of equipment in foreign-funded urban-rail traffic projects should be made in China. Wholly foreign-owned companies were allowed to open gas stations and to design, produce and repair aircraft with a maximum takeoff weight of six tonnes. Investment proportions limitations on helicopters with a takeoff weight of at least three tonnes were also lifted. Foreign investors were also allowed to be controlling shareholders in International shipping agencies.