ANNOUNCEMENT 19 Jun 2015In June 2015, the government of China announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
On 19 June 2015, the Ministry of Industry and Information Technology issued Notice No. 196 of 2015 to promote the participation and further development of e-commerce activities from foreign firms in China. This policy becomes effective immediately.
According to the notice, foreign firms can now set up 100% owned e-commerce companies nationwide. Previously, foreign firms could only have its 100% owned e-commerce business as part of the e-commerce pilot programme in Shanghai Free Trade Zone.
The affected trading partners are selected based on the report "2015 Jan-Apr FDI Statistics" published by the Ministry of Commerce. These countries contribute around 95.3% of the FDI from January 2015 to April 2015.