China Outlines Action Plan To Attract Foreign Investment

MNI (London) - Xinhua runs headlines as China formally outlines an action plan to attract foreign investment.

• China will reduce the “negative list.” The list limits the sectors that foreign investment can participate in.
• Their will also be an expansion of foreign participation in the bond market, as well as increased access to the banking and insurance sectors.
• Foreign investment will be further liberalised.
• Data flow between related entities and home headquarters will be supported, with cross-border data security management standardised.
• Business visa validity periods will be lengthened.
• No real surprises above, with familiar lines of market access seeing further expansion.
• China may be looking to counter some of the capital outflows seen in recent times.