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Beijing’s services sector opens more areas to foreign investment

10/21/2021| 2:00:42 PM|

The affected industries include areas that were previously off-limits.

On Monday, October 18, 2021, China’s State Council announced that it had permitted Beijing to temporarily adjust certain regulations to enable more access to areas of the services sector for foreign investors, effective immediately. 

A document released by the State Council detailed the adjustments to specific articles in several pieces of legislation that restrict foreign participation in the service industries, covering areas like education, telecommunications, entertainment, tourism, and construction, among others. 

The adjusted regulations also include temporary exemptions to items on the Special Administrative Measures for Foreign Investment Access (Negative List) (2020 Edition), an extensive list of industries and fields that are off-limits to foreign investors. 

The new adjustments follow several policy reforms aimed at developing and expanding market access to Beijing’s thriving services sector. 

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TAGS: Beijing | foreign investment | tourism sector
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