Opens several services sector to FDI in Tianjin, Shanghai, Hainan, and Chongqing

On April 20, 2021, China approved comprehensive pilot programs on the opening the service sector to FDI in the Tianjin, Shanghai and Chongqing municipalities, and in Hainan province.

The 12 service sectors to be further opened in Tianjin, Shanghai, Chongqing, and Hainan are categorized into fully competitive, limited competitive, competitive services in natural monopolies, and services in specific fields. They include scientific and technological services, financial services, commercial services, logistics, healthcare, education, telecommunications, electricity services, telecommunications, e-commerce services, tourism, and culture, sports, and entertainment.

• Type:

  • Entry and establishment (Approval and admission)

• Industry:

  • Services (Electricity, gas, steam and air conditioning supply, Telecommunications, Financial and insurance activities, Scientific research and development, Education, Human health activities, Arts, entertainment and recreation)
  • Services (Electricity, gas, steam and air conditioning supply, Telecommunications, Financial and insurance activities, Scientific research and development, Education, Human health activities, Arts, entertainment and recreation)

• Sources:

  • The state of council of China, Opening to spur service sector growth, http://english.www.gov.cn/policies/policywatch/202104/24/content_WS608356ebc6d0df57f98d87c0.html, 24 Apr 2021
  • china-briefing, China’s Services Sector Openings in Tianjin, Shanghai, Hainan, and Chongqing, https://www.china-briefing.com/news/chinas-services-sector-openings-in-tianjin-shanghai-hainan-and-chongqing/, 10 May 2021