The Three-Year Action Plan includes action items that will encourage greater foreign investment in Beijing’s media, technology, internet, and other industries.
Since the National People’s Congress of China approved The People’s Republic of China Foreign Investment Law on 15 March 2019 (FIL), China has issued several regulatory updates to execute on the promotion and protection of foreign investment. The recent 2019 Updates to the Negative List and the Encouraged Industries Catalogue opens new sectors that were previously closed or restricted to foreign investment. In the latest of ongoing efforts to lay the FIL groundwork, the Beijing Municipal Government (BMG) issued a Three-Year Action Plan on 15 August 2019, (BMG Action Plan). The BMG Action Plan announces directives across a number of market sectors that favorably impact foreign investment in specific pilot areas in Beijing.
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