China’s new Foreign Investment Law, adopted at the Second Session of the 13th National People's Congress on March 15, 2019, will come into effect on January 1, 2020.
With unified provisions for the entry, promotion, protection, and management of foreign investment, it is a new and fundamental law for China's foreign investment and an innovative improvement of the related legal provisions.
The new law will provide stronger legal guarantees for foreign investors and companies to safeguard their interests. It will make China's business environment more open, equitable and transparent for foreign firms.
According to the new law, industries where foreign investment is prohibited or restricted are specified in the negative list. Industries that are not on the list will be fully open, with domestic and foreign firms enjoying the same treatment.
The new law also has clear positions on the protection of foreign investors' rights regarding issues such as intellectual property rights protection and technology transfer that are of common concern to foreign investors.
If you are wondering exactly what it says, what changes it will bring, and what’s being said about it, no worries -- we’ve made this special report so you can see for yourself!
The special report mainly consists of a video, an H5 and a four-part series of infographics, which provides you a panoramic view of the new law.
What’s more, we’ve prepared another five videos with each focusing on a hot issue you may be concerned about when doing business in China. They cover company registration, the negative list, opening-up progress, IPR protection, and customs clearance.
By the end of 2018, foreign businesses had set up about 960,000 enterprises in China in accordance with investments totaling more than $2 trillion. They have played a significant role in promoting the sustainable development of China's economy, optimizing the country's industrial structure, and perfecting market mechanisms.