Expand the Area of Foreign Investment
Widening the stock restrictions for foreign investment in urban gas, construction of heat and drainage network, and operation projects and allowing foreign investors hold the majority shares and enjoy relevant policies for the encouraged projects.
To further expand the opening to the outside world of the banking sector, accelerate the development of the securities, insurance and other financial services. Allowing foreign-funded financial institutions to engage in RMB businesses in the city of Changchun, widening the qualification conditions for foreign-invested banks in setting up institutions and initiating businesses, allowing the establishment of Sino-foreign joint venture commercial banks who provide foreign exchange and local currency businesses for all customers.
Priority will be given to foreign investors' establishment of joint venture securities companies, securities investment fund management companies, insurance brokering companies and foreign insurance companies' operating agencies and the eligibility conditions will be properly widened.
Encouraging foreign investment in the transport industry. The foreign investment stock ratio can be widened, upon approval, for railways, highways, air transport, international maritime transportation business on a regular basis and from time to time, as well as international inter-modal containers multimode transport. Moreover, foreign holding or wholly foreign operation thereof is allowed.
Allow establishment of foreign-funded logistics enterprises.