January 31 2020

State Council Adjusts Regulations in Pilot Free Trade Zones

Announcement by State Council

The State Council recently issued the Circular of Temporarily Adjusting Some Administrative Regulations in Pilot Free Trade Zones, in order to ensure measures of reform and opening-up are implemented well in accordance with the law.

According to the announcement, three administrative rules will be adjusted in the pilot free trade zones. Under the Regulation on the Administration of Commercial Performances, foreign investors and Taiwan investors can establish wholly-owned performance brokerage agencies, joint ventures in art performing business can be established as long as the Chinese partners have controlling stakes. The Provisions on the Administration of Foreign-funded Telecommunications Enterprises have expanded coverage from Shanghai free trade zone (28.8 square kilometers) to all free trade zones in China. Under the Regulations on the Administration of Printing Industry, wholly foreign-owned printing companies can be established in China.