As discussed in our first alert, the Shanghai FTZ uses a “negative list” structure to regulate foreign investment, with the Shanghai government unveiling its first negative list last year (the 2013 Negative List). For the establishment or alteration of an FIE in an industry sector not on the 2013 Negative List, the comparatively cumbersome and time-consuming approval process that has existed for decades is replaced by a simplified “one-stop” filing procedure. Foreign investments on the 2013 Negative List will not qualify for the simplified filing procedure and will be subject to the existing approval process.
As of November 22, 2013, the Shanghai FTZ received 67 new FIE establishment applications. As noted above, 38 of these applications have been approved with FIEs being established. 55 of the applications (82 percent) are not on the 2013 Negative List.
Local media reported that the Shanghai government is soliciting opinions for a new negative list for 2014 that some commentators expect to be a shortened version of the 2013 Negative List.
As discussed in our first alert, the Shanghai FTZ uses a “negative list” structure to regulate foreign investment, with the Shanghai government unveiling its first negative list last year (the 2013 Negative List). For the establishment or alteration of an FIE in an industry sector not on the 2013 Negative List, the comparatively cumbersome and time-consuming approval process that has existed for decades is replaced by a simplified “one-stop” filing procedure. Foreign investments on the 2013 Negative List will not qualify for the simplified filing procedure and will be subject to the existing approval process.
As of November 22, 2013, the Shanghai FTZ received 67 new FIE establishment applications. As noted above, 38 of these applications have been approved with FIEs being established. 55 of the applications (82 percent) are not on the 2013 Negative List.
Local media reported that the Shanghai government is soliciting opinions for a new negative list for 2014 that some commentators expect to be a shortened version of the 2013 Negative List.
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