China’s Ministry of Commerce (MOFCOM) announced plans to further relax restrictions on foreign strategic investment in listed companies, part of a broader push to open up its markets to international investors.
During a press conference held by the State Council Information Office on August 16, Li Yongshu, Deputy Representative for International Trade Negotiations at MOFCOM, stated that the ministry will continue to ease foreign investment market access. This includes revising and releasing a new negative list for foreign investment, eliminating remaining restrictions in the manufacturing sector nationwide, and expanding market access in areas such as telecommunications, internet, education, culture, and healthcare.
Additionally, MOFCOM will revise and issue the “Measures for Strategic Investment in Listed Companies by Foreign Investors,” which aims to loosen restrictions on foreign strategic investments in listed companies, broaden channels for foreign investment, and attract high-quality foreign capital for long-term investment in the capital market.