State Council Posts Guidance On "Negative List" Market Access
On Oct 19, the State Council issued Opinions on Implementing the Market Access Negative List System, providing central government directives and principles for transformation of China's administrative investment approvals system to a lighter and more market-oriented negative-list approach.
The Opinions outline a pilot program beginningDecember 1, 2015 and running through the end of 2017, with wide-scale implementation from 2018.
The Opinions state that negative lists are to be made and issued by the State Council uniformly.
The negative lists are intended to cover bothprohibited entry and limited entry, applying to initial and expanded investments, mergers, and other market entry behaviors by any voluntary market participant.
The Opinions state that negative lists are to be made and issued by the State Council uniformly.
