State Council recent approve the Temporary Adjustment and Implementation of Relevant Administrative Regulations in Tianjin, Shanghai, Hainan and Chongqing
国务院关于同意在天津、上海、海南、重庆暂时调整实施有关行政法规规定的批复
There are in total two changes
First, the Travel Agency Regulation. Before alteration, foreign funded travel agencies are not allowed to operate the overseas tourism business of mainland Chinese residents and travel to Hong Kong, Macao and Taiwan, only in special occasions can be allowed. Now, foreign funded travel agencies that are established in Shanghai and Chongqing and meet the conditions are allowed to engage in out-bounded tourism business, except to Taiwan.
Second, the Private Run Non-Enterprise Organization Registration and Administration Regulation
The term "privately run non enterprise organization" refers to social organizations that are organized by enterprises, institutions, social organizations, other social forces and individual citizens with non-state-owned assets and engage in non-profit social service activities.
Relax the access of private non enterprise units that are funded by foreign investors to establish non-profit Elderly Care Institutions in Tianjin, Hainan, and Chongqing.
This announcement of the alteration can been seen as sign of further openness and cooperation with foreign investment. This also remind foreign investors to always check local policy for any business opportunities. Something not allowed elsewhere may be encouraged in certain cities and areas.
这次政策调整可以被视为进一步对外开放投资的信号。也在此提醒外资投资者,一定要查阅当地相关政策法规。有些在其他地方不允许的,在某些城市和地区可能是被鼓励的。
Follow us to keep up with the latest news regarding expat life and investment in China.
关注我们获取最新消息。