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April 30, 2019

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Negative list to be trimmed

A SHORTER negative list for foreign investment will be released in the first half of the year to expand market access for foreign investors, a commerce official said yesterday.

Vice Minister of Commerce Wang Shouwen, also deputy China International Trade Representative, said that the ministry was collaborating with relevant departments to further trim the negative list and optimize investment environment for foreign-funded companies.

As the Foreign Investment Law takes effect from January 1, 2020, the ministry is mulling supporting regulations and feasible rules to foster a stable, transparent, predictable and level-playing market environment, Wang said.

He said efforts will be made to ensure the protection of the rights and interests of foreign intellectual property owners, to ban forced technical transfer and to enhance trade secrets protection.


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