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
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