Catalogue of Restricted Industries for Foreign Investment (Amended in 2017)


1. Selection and cultivation of new varieties of crops and production of seeds (Chinese party as the controlling shareholder)

2. Exploration and development of oil and natural gas (including coalbed gas, excluding oil shale, oil sand and shale gas, etc.) (limited to Sino-foreign equity or cooperative joint ventures)

3. Exploration and exploitation of special and rare kinds of coal (Chinese party as the controlling shareholder)

4. Exploration and exploitation of graphite

5. Printing of publications (Chinese party as the controlling shareholder)

6. Smelting and separation of rare earth elements (limited to Sino-foreign equity or cooperative joint ventures), and tungsten smelting

7. Manufacturing of complete automobiles and special purpose motor vehicles: the proportion of Chinese shares shall not be less than 50%. A foreign investor may set up at most two joint ventures to manufacture compete products of the same kind (including passenger vehicles and commercial vehicles), but the joint ventures who merge other Chinese automobile manufacturers and set up the complete BEV products jointly with Chinese joint venture partners cannot be restricted by the above two enterprises.

8. Repair, design and manufacturing of ships (including subsections) (Chinese Party as the controlling shareholder)

9. Design, manufacturing and maintenance of truck-line and regional aircrafts; design and manufacturing of helicopters with a level of 3 tons or more; manufacturing of ground-effect and water-effect aircrafts; design and manufacturing of unmanned aircrafts and aerostats (Chinese Party as the controlling shareholder)

10. Design, manufacturing and maintenance of utility aircrafts (limited to Sino-foreign equity or cooperative joint ventures)

11. Manufacturing of satellite telecasting ground receiving facilities and key components

12. Construction and operation of nuclear power stations (Chinese Party as the controlling shareholder)

13. Construction and operation of power grids (Chinese Party as the controlling shareholder)

14. Construction and operation of pipeline networks for gas, heat, and water supply and sewage in cities with a population of more than 500,000 (with Chinese party as the controlling shareholder)

15. Construction and operation of truck railway network (Chinese party as the controlling shareholder)

16. Railway passenger transport companies (Chinese party as the controlling shareholder)

17. Chinese water transport companies (Chinese party as the controlling shareholder), and international sea transport companies (limited to Sino-foreign equity or cooperative joint ventures)

18. Construction and operation of civil airports (Chinese party as the relative shareholder)

19. Public air transport companies (Chinese party shall be the relative shareholder, and the investment proportion of a foreign investor and other affiliated enterprises shall not be more than 25%, and the legal representative must be Chinese nationality)

20. General airlines (the legal representative must be Chinese nationality, the general airlines in agriculture, forestry and fishery industries shall be only limited to the joint ventures, and other general airlines shall be limited to Chinese holding companies)

21. Telecommunication companies: limited to the open services promised by WTO, value-added telecommunication services (the proportion of foreign investment shall not be more than 50%, except for e-commerce); basic telecommunication services (Chinese party as the controlling shareholder)

22. Acquisition and wholesale of rice, wheat and corn

23. Vessel agencies (Chinese party as the controlling shareholder)

24. Construction and operation of gas stations (in case that the chain gas station established by the same foreign investor has more than 30 branches and sells product oil of different varieties and brands from multiple suppliers, then Chinese party shall be the controlling shareholder)

25. Banks (the investment in capital by a overseas financial institution and its controlled or jointly-controlled affiliated party as the promoter or strategic investor shall not exceed 20% of shares of in a Chinese-funded commercial bank, and the investment in capital by multiple overseas financial institutions and their controlled or jointly-controlled affiliated parties as the promoters or strategic investors shall not exceed 25% in a Chinese-funded commercial bank; the overseas financial institutions which invest in China's small and middle-sized financial intuitions in rural areas must be banking financial institutions; the overseas investors and the sole or controlling shareholder who set up the foreign bank branch, wholly foreign-funded bank and Sino-foreign joint venture bank must be overseas commercial banks, and the non-controlling shareholder can be the overseas financial institutions)

26. Insurance companies (in the case of life insurance companies, the proportion of foreign investment shall not exceed 50%)

27. Securities companies (limited to underwriting and sponsorship of RMB ordinary shares, foreign shares, government and corporate bonds, brokerage of foreign shares, brokerage and proprietary trading of government and corporate bonds at the time of establishment; qualified companies which have been established for two years or more may apply for expansion of business scope; Chinese parties shall be the controlling shareholders), Securities investment fund management companies (Chinese party as the controlling shareholder)

28. Futures companies (Chinese party as the controlling shareholder)

29. Market survey (limited to Sino-foreign equity or cooperative joint ventures, and radio and television ratings surveys shall be conducted by Chinese parties as the controlling shareholders)

30. Surveying and mapping companies (Chinese party as the controlling shareholder)

31. Preschool, regular high school and higher educational institutions (limited to Sino-foreign cooperative education, Chinese party as the leader)

32. Medical institutions (limited to Sino-foreign equity or cooperative joint ventures)

33. Production of radio and TV programs and movies (limited to Sino-foreign cooperative joint ventures)

34. Construction and operation of movie theaters (Chinese party as the controlling shareholder)

"Chinese Party As The Leader" means that the principal or person primarily in charge of administrative organization shall have Chinese nationality, and the number of Chinese members of the board of governors, the board of directors or joint administrative committee shall be not less than 50% in a Sino-foreign cooperative educational institution.

35. Performance brokerage agencies (Chinese party as the controlling shareholder) [3]


For more information, please contact [email protected]


COUNSELOR
  • Sherry

    Registered company industry experience with more than ten years

  • Alex

    Having rich experience in foreign company registration for more than ten years. Dedicated to provide service for foreign investment、investment in China、foreign enterprise tax Planning、declaration for foreign investment enterprise permission、trademark registration and on on. Clients:shiseido(Japan)、wholly-own subsidiary of CNBM and so on.

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