C China's Henan introduce measures to promote steady growth of foreign inv't

Hu Pingchao
0 Comment(s)Print E-mail Xinhua, 12 11, 2018
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BEIJING, Dec. 11 (Xinhua) -- Central China's Henan Province has recently unveiled a document to improve its business environment and promote steady growth of foreign investment in the province.

According to the document, Henan will fully implement the pre-establishment national treatment and negative list management, accelerate the opening up of the automobile and aircraft industries, and cancel the restrictions on foreign share holding in the automobile manufacturing industry.

Meanwhile, the province will further relax market access of foreign investors in the modern service industry, and relax or cancel the restrictions on investors' requirements for foreign-invested talent intermediaries.

In addition, Henan will also strengthen investment promotion overseas, encourage foreign M&A investment, and guide enterprises in the province to actively participate in international cooperation.

The province will actively deploy the development zones to attract foreign investment and support the zones' pioneering practices in entry and exit of the international capital, talents, institutions and services on a trial base.

It will further simplify the procedures for foreigners to apply for permits in China, shorten the time for approval, and achieve the handling via Internet to facilitate foreign investment. (Edited by Hu Pingchao)

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