China Vows To Cut Negative List For Foreign Investment

China will continue to reduce reasonably the negative list for foreign investment access and study the feasibility of further canceling or relaxing restrictions on foreign equity ratios, said He Yadong, spokesman at the Ministry of Commerce. Chen Jianwei, professor at the University of International Business and Economics, expects modern services and advanced manufacturing industries to benefit, such as financial services, vocational education, medical and health, alogside high-end equipment and biomedicine. The government has reduced the 2021 version of the negative list to 31 items, while further relaxation on foreign equity ratios in software and information technology is possible, said Xiao Benhua, deputy head at the FTZ research institute with the Shanghai Lixin University of Accounting and Finance. (Source: Securities Daily)