More industries open to foreign investors under new catalogue

By Michael Gu, AnJie Law Firm

The 2015 revision of the Catalogue of Industries for Guiding Foreign Investment took effect 10 April. Formulated by the National Development and Reform Commission and Ministry of Commerce (MOFCOM), the catalogue supersedes an earlier revision of the catalogue issued 24 December 2011.

As in previous revisions, the catalogue is separated into three categories – encouraged, restricted and prohibited. Those industries not listed in the catalogue are to be considered permitted.

The catalogue has undergone six revisions since it was first introduced in 1995. This revision includes the most liberalizations in the catalogue’s history.

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Michael Gu is a partner of AnJie Law Firm

(AnJie Law Firm)

26/F, Tower D, Central International Trade Center

6A Jianguomenwai Avenue

Chaoyang District, Beijing, China

Postal code: 100022

Tel: +86 10 8567 5988

Fax: +86 10 8567 5999