National Development and Reform Commission, Ministry of Commerce released the Guiding Catalog of Foreign Investment Industries (Revised in 2017)

With the agreement of the CPC Central Committee and the State Council, the NDRC and the Ministry of Commerce issued Decree No. 4 on June 28, promulgating the Guiding Catalog of Foreign Investment Industries (Revised in 2017) in full text with effect from July 28, 2017. The Guiding Catalog of Foreign Investment Industries (Revised in 2015) shall be repealed at the same time.

According to Futures Journal reporter, this "directory" revision, implementation of the Party Central Committee on the construction of a new system of open economy, promote a new round of high-level opening up requirements, adhere to the concept of open development, deepening pre-accession national treatment plus negative list We will further improve the level of opening up in the fields of service industry, manufacturing industry and mining industry and promote the simplification of the administration of foreign investment access. We will create a more open and transparent investment environment and promote the reform through opening up, development and better utilization The Active Role of Foreign Capital in the Process of China 's Economic Development and Deepening Reform.

From the content of this revision, the processing industry of agricultural products should beware of the impact of the liberalization of foreign access. The deep processing industry of corn should be very careful about "the wolf is really coming."

At present, foreign investment in edible oil fuel imports, processing of imported oil, edible oil packaging, edible oil retail, and wheat and rice processing and other fields have dominated the area. Since 2000, foreign investment has expanded rapidly in areas such as edible oil and wheat processing. Although domestic industrial policies have been adjusted during this period, foreign investment has become "climate" in these industries. Now that access to foreign capital is liberalized, those who are in the market such as edible oil will become even more conspicuous.

Compared with the foreign domination of edible oil and flour industries, foreign investment in corn deep processing industry has not yet reached the level of control, but its ambition for expansion is large and its expansion rate is still very fast. Now after the access is liberalized, Corn deep processing industry to be very careful "wolf really want to come"

This revision of the "Catalog" is the seventh revision since its first enactment in 1995. Compared with the Catalog for the Guidance of Foreign Investment Industries (2015 Revision) (hereinafter referred to as the 2015 edition), the revision of the Catalog mainly consists of four aspects Adjustments, main features and changes are as follows:

First, improve the service industry, manufacturing, mining industry open level

The 2017 version of the Catalog further reduces restrictions on foreign investment by retaining 63 articles (including 35 items in the restricted category and 28 articles in the banned category) compared with 93 restrictive measures in the 2015 edition of the Catalog Article 19, 38 restricted articles, and 36 prohibited articles) by 30 articles.

The service sector has eliminated restrictions on foreign investment in areas such as road passenger transport, outward wheel handling, credit investigation and rating services, accounting auditing, construction and operation of wholesale markets for large agricultural products, construction and operation of integrated water control hubs. The manufacturing industry canceled the research and development of rail transit equipment manufacturing, automotive electronics bus network technology, electric power steering system electronic controller, manufacturing of new energy vehicle energy battery, motorcycle manufacturing, marine engineering equipment (including modules) and Repair, manufacture of low and medium speed diesel engines and crankshafts, design and manufacture of civil satellites, manufacture of civilian satellite payloads, edible oils and fats such as soybean oil, rapeseed oil, peanut oil, cottonseed oil, tea seed oil, Processing, import and export of bio-liquid fuels (fuel ethanol, biodiesel) and other fields in the fields of processing, processing of rice, flour and raw sugar, processing of corn, canceling of the same foreign enterprise and establishing no more than two joint ventures in the country for pure electric vehicles limits. The mining industry canceled unconventional oil and gas exploration and development such as oil shale, oil sands and shale gas, exploration, mining, lithium mining, beneficiation, molybdenum, tin (excluding tin compounds), precious metals (gold, silver and platinum group) Antimony (including antimony oxide and antimony sulfide) and other rare metal smelting and other fields of foreign investment access restrictions.

Second, put forward a negative list of foreign investment access

In the 2017 edition, the structure was adjusted and optimized. Some of the shares encouraged in the 2015 edition of the Catalog were encouraged to be compared with the required items, as well as restricted items and banned items, and proposed foreign-invested enterprises nationwide Access to special management measures (Negative List of Foreign Investment Admission), a unified list of restrictions on the requirements of foreign investors such as shareholding requirements, executives requirements. Restrictive measures consistent with domestic and foreign investments and restrictive measures that do not fall into the scope of access are not included in the negative list of foreign investment access. The negative list of foreign investment admittance is the basic basis for the management of foreign investment before the entry of national treatment and negative list management. In areas other than the negative list, in principle, no restrictive measures on the admittance of foreign capital shall be implemented. Foreign-invested projects and enterprises shall establish record-keeping management.

Third, remove the restrictive measures consistent with domestic and foreign investment

According to the characteristics of the Negative List Model for Foreign Investment Admission, the 2017 Catalog no longer lists the restrictive measures both domestic and foreign, but also removes the construction and operation of large-scale theme parks restricted in the 2015 edition of the Catalog. Construction and operation of combined heat and power plant with unit capacity of 300,000 kilowatts and below, coal fired condensate thermal power plant with stand-alone capacity of 100,000 kilowatts and below, coal-fired condensate extraction unit with steam extraction; Management Ordinance "and" China Rare and Endangered Plants List, "the Chinese herbal medicine processing, ivory carving, tiger processing, within the scope of large power grid single unit capacity of 300,000 kilowatts and below coal-fired condensate thermal power plant, stand-alone capacity of 200,000 kilowatts and below Construction of coal-fired steam extraction combined heat and power station, operation, construction of nature reserves and international important wetlands, construction of business, golf courses and villas, projects endangering the safety and performance of military facilities, gaming industry (including gambling Class racecourse), pornography and other items. After the deletion of these entries, the related fields are managed according to the principle of consistent domestic and foreign investment.

Fourth, to maintain the overall stability of encouraged policies

There were 348 encouragement entries in the 2017 edition of the Catalog. Compared with the 2015 version of the Catalog, 6 new articles, 7 articles were deleted and 35 articles were amended. We will continue to encourage foreign investment in areas that are in line with the direction of China's industrial restructuring and optimization and support the extensive participation of foreign investors in the strategy of "Made in China 2025" and the strategy of innovation-driven development, and promote the combination of foreign investment and foreign exchange earnings, so as to give full play to foreign-invested enterprises in promoting the development of real economy The important role. Additional stimulus categories include intelligent emergency medical rescue equipment manufacturing, hydrological monitoring sensor manufacturing, VR, R & D and manufacturing of AR equipment, R & D and manufacturing of key components of 3D printing equipment, construction of hydrogen refueling stations , Business, urban parking facilities construction, management and so on. Encouraged items to be deleted include manufacture of rail transportation equipment, manufacture and repair of marine engineering equipment (including modules), manufacture of low and medium speed diesel engines and crankshafts, manufacture of light gas turbines, manufacture of large pumped storage units of 350 MW and above , Accounting, auditing, construction and operation of a comprehensive water control project.