Farewell to the Era of Case-by-Case Foreign Investment Approvals
摘要
The Standing Committee of the National People's Congress chose to issue its Decision to Revise the Wholly Foreign-owned Enterprises Law on September 3, 2016. It has been more than 18 months since the Foreign Investment Law of the People's Republic of China was publicized, and shortly the trial implementation of pre-establishment national treatment and the negative list approach for foreign investment in four Free Trade Zones will expire. These all point to the fact that the basic law covering foreign investment in China has to be revised but the conditions for a fundamental change are not yet ripe. This article deals with the farewell to the era of case-by-case foreign investment approvals, including the background to the reform; the key points of the reform; challenges in the reform and so on.
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