Mining industry cancels restrictions on foreign investment access in areas such as shale gas exploration and development

Abstract June 29 (Reporter Ma Lin) The National Development and Reform Commission and the Ministry of Commerce recently officially released the "Guidance Catalogue for Foreign Investment Industries (Revised 2017)". This is the seventh revision of the Catalogue since its first enactment in 1995. This revision, "Catalogue" is open...
June 29 (Reporter Ma Lin) The National Development and Reform Commission and the Ministry of Commerce recently officially released the "Guidance Catalogue for Foreign Investment Industries (Revised in 2017)". This is the seventh revision of the Catalogue since its first enactment in 1995. With this revision, the Catalogue has a wider open field, and only 63 restrictive measures have been retained, a decrease of 30 from the 2015 edition. In addition to further improving the openness of the service industry, manufacturing industry and mining industry, one of the biggest highlights is that foreign mergers and acquisitions that do not involve foreign-funded restrictive measures will be changed from approval to filing management.
Chinese Ministry of Commerce spokesperson Sun Jiwen introduced in Beijing today that the 2017 edition of the Catalogue reflects a higher level of openness. The Catalogue further relaxes the restrictions on foreign investment in the service, manufacturing and mining industries. Only 63 restrictive measures are retained. At the same time, the scope of the encouraged policy was further expanded, and the number of encouraged entries was 6 more than the 2015 edition, and 35 were revised, a total of 348.
It is understood that the 2017 edition of the "Catalogue" has eliminated credit investigation and rating services in the service sector, accounting, auditing, foreign investment access restrictions in the construction and operation of large-scale agricultural products wholesale markets; manufacturing has eliminated rail transit equipment, motorcycle manufacturing , foreign trade access restrictions in the processing of edible oils and fats such as soybean oil; the mining industry has eliminated restrictions on foreign investment in unconventional oil and gas exploration and development such as oil shale, oil sands, shale gas, etc.; VR), augmented reality (AR) equipment R & D and manufacturing, 3D printing equipment key components research and development and manufacturing, urban parking facilities construction and other projects.
Sun Jiwen pointed out that the newly added and revised encouraged items will better promote the combination of attracting investment and attracting talents, continue to encourage foreign investment in line with the direction of China's industrial transformation and upgrading, and support foreign investment in the "Made in China 2025" strategy and innovation-driven development. strategy.
In addition, Sun Jiwen particularly emphasized that the highlight of the 2017 edition of the Catalogue is to further narrow the scope of the establishment and change of foreign-invested enterprises, except that “domestic companies, enterprises or natural persons are related to mergers and acquisitions that are legally established or controlled abroad. In addition to the domestic companies in relation, foreign-invested mergers and acquisitions enterprises and changes that do not involve access to special management measures, including the introduction of strategic investment by listed companies into foreign investors, are included in the record management.

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