Legislation roundup: Made in China action plan, economic reform and PPP

Investment

State Council, Made in China 2025
国务院中国制造2025

This is the first 10-year action plan in the implementation of China's strategy to become a manufacturing superpower. It takes aim at 10 major strategic priorities, such as new generation information technologies, advanced rail transport equipment, fuel efficient and alternative fuel vehicles, electric power equipment, new materials, and biopharmaceuticals and high performance medical apparatus and instruments.

See the digest for more details.

Further reading
Foreign Investment Industrial Guidance Catalogue (Amended in 2015)


Capital markets

National Development and Reform Commission, Opinions on the Key Work Involved in Intensifying Economic System Reform in 2015
国家发展和改革委员会关于2015年深化经济体制改革重点工作的意见

According to the Opinions, a pilot project for overseas investment by qualified domestic individual investors will be launched at the appropriate opportunity, reform of the share offering registration system will be carried out and credit asset securitisation will be promoted.

See the digest for more details.

Further reading
Opinions on Further Promoting the Reform of the System for Offering of New Shares
IPO reform not going as planned
Why the IPO reforms don't go far enough


PPP

Ministry of Finance and Ministry of Transport, Implementing Opinions on Promoting the Use of Public-Private Partnerships in the Toll Highway Sector
财政部、交通运输部关于在收费公路领域推广运用政府和社会资本合作模式的实施意见

The Opinions expressly state that the toll highway rights and interests involved in the implementation of PPP for toll highway projects include toll collection rights, advertising selling rights and service facility operation rights.

Further reading
Operational Guidelines for Public-private Partnerships (Trial Implementation)