Authored by Bo Hu (hubo@anjielaw.com) and Simon Li (lixiameng@anjielaw.com) at AnJie Law Firm
Since September of 2016, the Chinese government has adopted a series of measures to reshape its FDI regime, signaling its determination to strengthen efforts to attract more foreign investments in the coming years. As a significant move, the State Council passed the Circular on Measures for Further Opening Up and Active Use of Foreign Investment (the “Circular”) on December 28, 2016, which purports to further relax the curbs on foreign investment to boost the economic transformation and industries upgrading and transfer in order to adapt to the new domestic and abroad economic situation. The text of the Circular will be officially released to the public shortly. But in a recent press briefing of the State Council, some highlights of the Circular have been revealed. According to the highlights revealed in the press briefing, the Circular lays foundation for the future foreign investment policies in the following aspects: