City Interprets China's Newly Passed Foreign Investment Law

Authors: Go Chengdu

2019-04-10

The Chinese National People’s Congress (NPC), China's national legislature, passed on March 15 the new China Foreign Investment Law at the Second Session of the Thirteenth NPC. The new law, a version of which was first released for public comment in 2015, will come into force on January 1, 2020.
The Chengdu Municipal Investment Promotion Commission (CMIPC) co-hosted with Jinjiang District Government April 3 a dialogue on investment for foreign-funded companies here in the city, interpreting the new Foreign Investment Law. Nearly 200 guests, including officials from the consulates general of the US, France, New Zealand, Australia and Switzerland in Chengdu, as well as representatives from foreign companies and foreign chambers of commerce in the city, attended the event.
A representative from the CMIPC gave detailed interpretations on the law from three aspects: the flows of foreign capital, measures that China has taken to utilize foreign capital actively and efficiently, as well as legislation on foreign investment.
According to the representative, the law shows the Chinese government's confidence and determination to unswervingly expand the opening-up. It aims to improve the transparency of foreign investment policies and ensure domestic and foreign companies are subject to a unified set of rules and compete on a level playing field.
The CMIPC will give more such interpretations on the law in various ways and forms, and further improve its services for foreign investors.
Up to now, Chengdu has been home to more than 8,000 foreign invested companies, with a gross foreign investment in actual use and a foreign direct investment (FDI) reaching nearly RMB90 billion and RMB33.3 billion respectively.

City Inks Deals for 11 Projects at Int’l Tourism Investment Conference

The 4th China (Sichuan) International Tourism Investment Conference was convened from August 30 to September 3 here in Chengdu.

Sep 04, 2018

$115b investment deals inked at 17th Western China Intl Fair

A total of 788.3 billion yuan ($114.9 billion) worth of investment deals were struck at the 17th Western China International Fair (WCIF).

Sep 27, 2018

Seminar on Australia-China Trade and Investment and CIIE Held in Chengdu

Now it is the “golden age” for the Sichuan-Australian cooperation.

Oct 18, 2018

2019 Global Hi-tech Industry Innovation, Semiconductor Development&Investment Summit Held in Chengdu

The guests probed into topics of common concern, involving the upgrading of the semiconductor industry, industrial convergence of financial investment, and how to facilitate IC enterprises to settle down in Chengdu.

Mar 29, 2019

Chengdu Listed among Savills Tech Cities

Savills, one of the world's leading property agents, released recently the Tech Cities in Motion 2019. According to it, Chengdu, with a pro-business government and rising investment in the tech industry, ranks 26th on the list of 30 Savills Tech Cities.

Apr 01, 2019

Share to WeChat Close
Scan via WeChat!

About Us | Privacy Policy | Terms of Use | Link to Us | Contact Us

蜀ICP备14024942号-1 Go成都 www.gochengdu.cn