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Administrative regulations to be adjusted in China’s pilot FTZs

Updated: Jul 19,2016 10:00 AM

The State Council decided to adjust administrative regulations in China’s pilot free trade zones, according to a circular released on July 19.

The decision is aimed at securing lawful practices of measures concerning reform and opening up in the pilot cities of Guangdong and Fujian provinces, and Tianjin and Shanghai, according to the circular.

Eighteen administrative regulations, four State Council documents, and four departmental documents approved by the State Council are involved in the adjustment. Specific regulations include the foreign-capital enterprises law, the State Council’s decision on reform of the investment system, and the catalogue for the guidance of foreign investment industries.

The State Council asked related departments and authorities to adjust their documents and regulations, seeking to establish a management system in accordance with requirements for the pilot cities.

The content of the decisions will be adjusted according to the implementation of reform and opening up measures in the pilot cities, said the circular.