China taking steps to expand market access

China is taking significant steps to expand market access and encourage foreign investment across a wide range of industries such as finance, manufacturing and services, the Ministry of Commerce said on Friday.

China is revising and will publish the regulations for strategic investments by foreign investors in listed Chinese companies to attract more high-quality foreign capital to make long-term investments in the country's capital markets, said Zhu Bing, director-general of the ministry's department of foreign investment administration.

China will further expand the industry catalog of sectors encouraging foreign investment, while releasing a 2024 version negative list for foreign investment access, so as to eliminate all market access restrictions on foreign investment in manufacturing, Zhu said at a news conference held by the State Council Information Office.

In addition, China will promote the orderly opening-up of sectors such as telecommunications, internet, education, culture and healthcare, based on the country's own development needs, Zhu added.