In the News: New Negative List; Audit Records Sharing; and Ownership Cap Lift

July 09, 2019 | BY

Marilyn Romero

China has released a new negative list with fewer sectors off limits to foreign investment; Hong Kong’ regulators will now have access to Chinese companies’ audit records; and foreign ownership caps on Chinese financial firms will be lifted by 2020.

China investment

China cuts curbs on FDI with new, shorter negative list

The National Development and Reform Commission, or NDRC, announced on June 30 that it has relaxed foreign investment curbs on a number of sectors. According to the new Negative List on the NDRC’s website, the number of sectors and subsectors in which limited or no foreign investment is permitted has now been cut to 40, down from 48 in the previous version released in June last year. The new list will take effect on July 30.

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