Prabowo foreign investment

Video PlayerClose BEIJING, Dec. 13 (Xinhua) -- The draft regulation on implementing China's foreign investment law was approved at the State Council's executive meeting chaired by Premier Li Keqiang on Thursday. The new regulation specifies measures to facilitate and protect foreign investment, better address foreign investors' concerns and promote opening up at a higher level. Li stressed that the main legal framework provided by the foreign investment law needs to be fleshed out, with detailed operable rules, to ensure implementation along with the law. "The approval of the implementing regulation demonstrates our resolve to attract foreign investment and further open up," Li said. The regulation specifies and clarifies matters in the form of administrative regulation, and will be implemented along with the foreign investment law starting on Jan. 1, 2020. The regulation requires equal treatment of domestic and foreign businesses regarding government funding, land supply, as well as … [Read more...] about China to further improve environment for foreign investment

China has approved a draft implementation regulation of the Foreign Investment Law in a bid to foster a more inviting environment for foreign investors and better address their concerns through the building of a sound legal framework. The draft was approved at a State Council executive meeting on Thursday chaired by Premier Li Keqiang. It is aimed at facilitating implementation of the Foreign Investment Law, which was passed in March, and is scheduled to take effect on Jan 1. The regulation stipulates that forced technology transfer requirements for foreign investors and companies, either through administrative licenses or other means, are prohibited. It clearly requires equal treatment of domestic and foreign businesses regarding land supply, taxation and fee arrangements. Foreign companies are entitled to equal participation in the formulation and revision of national, industrial and local standards in accordance with the law. They can make standards-related recommendations, and … [Read more...] about Foreign Investment Law draft implementation approved

BEIJING (Reuters) - China unveiled plans on Friday to allow more foreign investment in banking, insurance, securities and credit-rating firms, as part of a wider opening up of the world’s second-largest economy. FILE PHOTO: Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo The moves could ease some frustration among foreign firms over their lack of access, though the guidelines issued by the National Development and Reform Commission (NDRC) were short on detail. The document issued by the state planner listed priority sectors for liberalization but was unclear over the extent and time-frame for the reforms. The focus on liberalizing the financial sector should support China’s strategic shift towards services to reduce reliance on traditional industries for growth. Ning Jizhe, vice chairman at NDRC, told a news conference that … [Read more...] about China to relax curbs on foreign investment in financial sector

Video PlayerClose BEIJING, Dec. 13 (Xinhua) -- China approved a draft regulation on implementing the foreign investment law Thursday to better protect the interests of foreign investors. The draft regulation was passed at a State Council executive meeting chaired by Premier Li Keqiang. With detailed measures on protecting foreign investment, the regulation will go into effect on Jan. 1 next year together with the foreign investment law, according to a statement released after the meeting. The draft regulation stipulated that foreign-invested enterprises will be treated equally in terms of project applications, land supply, tax and fee cuts and qualification licensing. It also prohibited governments and related departments from restricting foreign firms' access to government procurement markets or imposing differentiated and discriminatory treatment on foreign firms. It clarified that the country can not requisition foreign investment except in special cases. When requisition is … [Read more...] about China approves draft regulation on implementing foreign investment law

Dalian Wanda has sold its landmark hotel and residential development in Nine Elms which is still under construction as it comes under increasing pressure to cut down its foreign investments.  It has sold One Nine Elms, a development with a twin set of skyscrapers, to Hong Kong-listed Guangzhou R&F Properties. The deal is worth £59m, plus a loan payment of £159m to Wanda Hotel Development, which designs and operates hotels and is a listed subsidiary of Dalian Wanda. This is the latest piece of real estate that has been bought by R&F from Dalian Wanda as it tries to trim down its foreign investments after the Chinese government issued guidelines to regulate overseas activity in a change that has curbed... … [Read more...] about Dalian Wanda offloads its landmark London site as it cuts foreign investment