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China Relaxes Foreign Investment Rules for Hainan Island
China Relaxes Foreign Investment Rules for Hainan Island
04 Jan 2021, 11:01 AM IST
(Bloomberg) -- China relaxed foreign investment rules for its southern free trade port of Hainan island, allowing overseas funds into sectors such as mining, online trading, and market and social research.
Restrictions on foreign shareholding in carmakers will also be lifted, according to China’s National Development and Reform Commission on its website. The negative list on foreign investment rules for the Hainan free trade port will be effective from February.
©2021 Bloomberg L.P.
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