IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 May 2013 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On May 11, 2013, China's State Administration of Foreign Exchange (SAFE) issued a Notice to the various relevant local administrations declaring 24 regulations on Foreign Direct Investment inapplicable. The regulations have been abolished as part of the government's efforts to reduce red tape and increase transparency in FDI.
 
The repealed regulations deal mostly with various registration and approval requirements that used to be in place for FDI-related capital inflows (Annex 2 of the SAFE Notice lists the 24 regulations that were repealed). Under the simplified procedures, foreign currency registration as well as other dimensions of the international payment system shall be facilitated.

AFFECTED COUNTRIES

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