China to update negative list for foreign investment

BEIJING: China is expected to release a trimmed version of the negative list for foreign investment to expand market access for foreign investors, Vice Minister of Commerce Wang Shouwen said on Monday.

The minister told a press conference that the ministry was collaborating with relevant departments to trim the list and optimise investment environment for foreign-funded companies. 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.

As the Foreign Investment Law, approved by China’s legislature will take effect from Jan 1, 2020, the ministry is mulling supporting regulations and feasible rules to foster a stable, transparent, predictable and level-playing market environment, Wang said.

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