{"id":35519,"date":"2020-07-03T00:42:27","date_gmt":"2020-07-03T00:42:27","guid":{"rendered":"http:\/\/asiallians.com\/zh-hant\/china-legal-update-negative-list-2020-ftz-negative-list-2020-newly-released-ndrc-mofcom\/"},"modified":"2020-07-07T03:37:10","modified_gmt":"2020-07-07T03:37:10","slug":"china-legal-update-negative-list-2020-ftz-negative-list-2020-newly-released-ndrc-mofcom","status":"publish","type":"post","link":"https:\/\/asiallians.com\/zh-hant\/china-legal-update-negative-list-2020-ftz-negative-list-2020-newly-released-ndrc-mofcom\/","title":{"rendered":"China legal update:  Negative List 2020 and FTZ Negative List 2020 newly released by NDRC and MOFCOM"},"content":{"rendered":"<p>[vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;full_width&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;center&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; padding_top=&#8221;50&#8243; padding_bottom=&#8221;50&#8243; css_animation=&#8221;&#8221;][vc_column css=&#8221;.vc_custom_1517373139965{background-image: url(http:\/\/asiallians.com\/wp-content\/uploads\/2018\/01\/Picture1.png?id=18554) !important;}&#8221;][vc_empty_space][vc_column_text]<strong><span style=\"color: #ffffff; font-size: 20px;\">Negative List 2020 and FTZ Negative List 2020 newly released by NDRC and MOFCOM<\/span><\/strong>[\/vc_column_text][vc_empty_space height=&#8221;70px&#8221;][\/vc_column][\/vc_row][vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;full_width&#8221; angled_section=&#8221;no&#8221; text_align=&#8221;left&#8221; background_image_as_pattern=&#8221;without_pattern&#8221; css_animation=&#8221;&#8221;][vc_column][vc_column_text]On June 24, 2020, the National Development and Reform Commission (the \u201cNDRC\u201d) and the Ministry of Commerce (the \u201cMOFCOM\u201d) jointly rolled out Special Administrative Measures for Access of Foreign Investment 2020 version (\u201cNegative List 2020\u201d) and Special Administrative Measures for Foreign Investment Access in Pilot Free Trade Zones 2020 version (\u201cFTZ Negative List 2020\u201d). These two lists will take effect officially on July 23, 2020, in addition, the previous Negative List 2019 and FTZ Negative List 2019 will be annulled since then.<sup><a href=\"file:\/\/\/Users\/sf\/Documents\/Projects\/asiallians\/PRC%20legel%20update%20180511\/20200706\/r1\/asiallians.createsend.com.html#_ftn1\" name=\"_ftnref1\">1<\/a><\/sup>\u00a0We summarize the most catching content for your reference:<\/p>\n<p><strong>I. Negative List 2020 v. Negative List 2019<\/strong><\/p>\n<p>Comparing to Negative List 2019, Negative List 2020 further reduces the restrictions on foreign investments. The major cuts include:[\/vc_column_text][vc_empty_space][vc_single_image image=&#8221;35502&#8243; img_size=&#8221;full&#8221; onclick=&#8221;custom_link&#8221; qode_css_animation=&#8221;&#8221; link=&#8221;#_ftn9&#8243;][vc_empty_space][vc_column_text]<strong>II. FTZ Negative List 2020 v. FTZ Negative List 2019<\/strong><\/p>\n<p>FTZ Negative List 2020 make same lifts on the restrictions imposed on<\/p>\n<p>1. the construction and operation of urban water supply and drainage pipelines (purely for the city with a population of more than 500,000);<br \/>\n2. securities company;<br \/>\n3. securities investment fund management company;<br \/>\n4. futures company;<br \/>\n5. life insurance company; and<br \/>\n6. commercial vehicle manufacture.<\/p>\n<p>In addition, FTZ Negative List 2020 abolishes the prohibition on foreign investment in the application of steaming, frying, roasting and calcining of Chinese herbal pieces and production of secret prescription products of Chinese patent medicines.<\/p>\n<p><strong>III. Negative List 2020 v. FTZ Negative List 2020<\/strong><\/p>\n<p>Generally speaking, FTZ Negative List 2020 further liberalize foreign investment than Negative List 2020 to promote the development of Free Trade Zones in China.<sup><a href=\"file:\/\/\/Users\/sf\/Documents\/Projects\/asiallians\/PRC%20legel%20update%20180511\/20200706\/r1\/asiallians.createsend.com.html#_ftn3\" name=\"_ftnref3\">3<\/a><\/sup>\u00a0As for the order of application:<\/p>\n<ul>\n<li>For the foreign investments conducted in the Free Trade Zones, FTZ Negative List 2020 shall be applied preferentially.<\/li>\n<li>For the foreign investments conducted outside the Free Trade Zones, Negative List 2020 shall be applied.<\/li>\n<\/ul>\n<p>The below table summarize the major difference between two lists for your reference:[\/vc_column_text][vc_empty_space][vc_single_image image=&#8221;35503&#8243; img_size=&#8221;full&#8221; onclick=&#8221;custom_link&#8221; qode_css_animation=&#8221;&#8221; link=&#8221;#_ftn9&#8243;][vc_empty_space][vc_column_text]<strong>Preferential Policies on Social Insurance announced by Ministry of Human Resources and Social Security<\/strong><\/p>\n<p>On June 22, 2020, Ministry of Human Resources and Social Security officially announced the preferential policies on social insurance for small and medium enterprises (SMEs).<sup><a href=\"file:\/\/\/Users\/sf\/Documents\/Projects\/asiallians\/PRC%20legel%20update%20180511\/20200706\/r1\/asiallians.createsend.com.html#_ftn4\" name=\"_ftnref4\">4<\/a><\/sup>\u00a0This announcement timely follows up Premier Li Keqiang\u2019s government work report delivered on two sessions which were held on May 22, 2020.<\/p>\n<p>Small and medium enterprises (SMEs) will be exempted from contributions of<\/p>\n<ul>\n<li>pension insurance,<\/li>\n<li>unemployment insurance, and<\/li>\n<li>work injury insurance<\/li>\n<\/ul>\n<p><strong>for this whole year.\u00a0<\/strong><\/p>\n<p>Asiallians will keep a close eye on the above mentioned legal news.<\/p>\n<p>Should you need more details, please contact us at\u00a0<a href=\"mailto:asiallians@asiallians.com\">asiallians@asiallians.com<\/a>. As always, Asiallians remains at your service and our teams are currently mobilized in all our offices in China, Hong Kong and Taipei.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"size-16\" lang=\"x-size-16\"><a href=\"file:\/\/\/Users\/sf\/Documents\/Projects\/asiallians\/PRC%20legel%20update%20180511\/20200706\/r1\/asiallians.createsend.com.html#_ftnref1\" name=\"_ftn1\">1.<\/a> <a href=\"http:\/\/www.mofcom.gov.cn\/article\/b\/c\/202006\/20200602977237.shtml\" target=\"_blank\">http:\/\/www.mofcom.gov.cn\/article\/b\/c\/202006\/20200602977237.shtml<\/a>; \u00a0<a href=\"https:\/\/www.ndrc.gov.cn\/xxgk\/zcfb\/fzggwl\/202006\/t20200624_1231938.html\" target=\"_blank\">https:\/\/www.ndrc.gov.cn\/xxgk\/zcfb\/fzggwl\/202006\/t20200624_1231938.html<\/a><\/p>\n<p class=\"size-16\" lang=\"x-size-16\"><a href=\"file:\/\/\/Users\/sf\/Documents\/Projects\/asiallians\/PRC%20legel%20update%20180511\/20200706\/r1\/asiallians.createsend.com.html#_ftnref2\" name=\"_ftn2\">2.<\/a> Negative List 2020 stipulates that, where the Negative List impose requirement on the share ratio of foreign investment, partnership enterprise shall not be set up. In other words, corporation shall be set up for the purpose of meeting the requirement of share ratio.<\/p>\n<p class=\"size-16\" lang=\"x-size-16\"><a href=\"file:\/\/\/Users\/sf\/Documents\/Projects\/asiallians\/PRC%20legel%20update%20180511\/20200706\/r1\/asiallians.createsend.com.html#_ftnref2\" name=\"_ftn3\">3.<\/a>\u00a0Up to now, Free Trade Zones in China include: Chongqing Free Trade Zone; Fujian Free Trade Zone; Guangdong Free Trade Zone; Henan Free Trade Zone; Hubei Free Trade Zone; Liaoning Free Trade Zone; Shaanxi Free Trade Zone; Shanghai Free Trade Zone; Sichuan Free Trade Zone; Tianjin Free Trade Zone; Zhejiang Free Trade Zone; Yunnan Free Trade Zone; Guangxi Free Trade Zone; Heilongjiang Free Trade Zone; Hebei Free Trade Zone; Shandong Free Trade Zone; Jiangsu Free Trade Zone; Hainan Free Trade Zone<\/p>\n<p class=\"size-16\" lang=\"x-size-16\"><a href=\"file:\/\/\/Users\/sf\/Documents\/Projects\/asiallians\/PRC%20legel%20update%20180511\/20200706\/r1\/asiallians.createsend.com.html#_ftnref2\" name=\"_ftn4\">4.<\/a>\u00a0<a href=\"http:\/\/www.mohrss.gov.cn\/SYrlzyhshbzb\/shehuibaozhang\/zcwj\/202006\/t20200624_377465.html\" target=\"_blank\">http:\/\/www.mohrss.gov.cn\/SYrlzyhshbzb\/shehuibaozhang\/<br \/>\nzcwj\/202006\/t20200624_377465.html<\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Feel free to contact <a href=\"mailto:asiallians@asiallians.com\" target=\"_blank\"><strong>asiallians@asiallians.com<\/strong><\/a> for more information.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 11th, 2015, the sales volume of Taobao (a B2C platform owned by Alibaba Group) reached CNY 91.2 billion (around 14 billion USD), with around 680 million online deals completed and the packages delivered all across the country.<\/p>\n","protected":false},"author":5,"featured_media":23743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[175],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"The FSC released new MLP 2018~2020 for Corporate Governance; 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