ISSUING AUTHORITIES:

National Development and Reform Commission and Ministry of Commerce

DATE OF ISSUANCE:

September 8, 2024

EFFECTIVE DATE:

November 1, 2024

On September 8, 2024, the National Development and Reform Commission and Ministry of Commerce issued No.23 Order to release the Special Administrative Measures for Foreign Investment Access (Negative List) (2024) (“2024 Negative List”), which shall become effective as of November 1, 2024.

The restrictions in 2024 Negative List are reduced from 31 to 29. “Printing of publications must be controlled by the Chinese party” and “Investment in application of steaming, frying, roasting, calcining and other processing technologies for Chinese herbal medicines and manufacturing of confidential prescription products of Chinese patent medicines is prohibited” are deleted, and there is no restriction on foreign investment access in the manufacturing sector. In respect of expanding the opening-up of the service sector, according to the person-in-charge of National Development and Reform Commission, the restrictions on the foreign investment access in the service sector will be lifted in an innovative manner and the foreign trade promotion policies will be continuously optimized. The amendment to the catalogue of encouraged industries for foreign investment will be studied and the items in relation to the service sector will be increased.

Reference:

《外商投资准入特别管理措施(负面清单)(2024年版)》 2024年第23号令