FDIFIRM Attended BBS of Vancouver and Chinese Foreign Investment Law

 

The new version of China's foreign investment law -- a new cornerstone of sustained opening up and development" For the Canadian council for the promotion of international trade.

 

China news network Toronto May 25 The Canada council for the promotion of international trade on May 22, local time at Simon Fraser university in vancouver, "the new development of Chinese foreign investment law, continue to open new cornerstone" of BBS, invited the two national politics, business and scholars for China's new "foreign investment" interpretation and discussion, and looking after the new law will bring opportunities for Canadian companies. Tong xiaoling, consul general of the People's Republic of China in vancouver, said in her speech that China continues to welcome enterprises from all over the world, including Canadian companies, to invest in China and carry out mutually beneficial cooperation.

 

Tong said that China's foreign investment law, which was introduced in March this year and will take effect in January next year, has five highlights. First, it further clarifies the principle of consistency between domestic and foreign investment. The provisions, which respond to foreign concerns and signal greater transparency in government procurement and standard-setting, will greatly increase the attractiveness of the Chinese market to foreign investors. 

 

The management system of pre-establishment national treatment plus negative list shall be implemented for foreign investment. This is fundamentally different from the previous case-by-case approval management mode, which is a brand new foreign investment management system. Third, protect intellectual property rights. Establish and improve the service system for foreign investment. This will effectively promote the transformation of government functions, establish a communication mechanism between the government and enterprises, and make the government more proactive in providing more services and support to enterprises. 

 

For foreign-funded enterprises, they can have a deeper understanding of various policies and regulations in China, keep abreast of market trends, and further enhance their competitiveness. Establish a foreign investment information reporting system.

 

Tong xiaoling pointed out that the enactment of this law is a milestone event in China's reform and opening-up process in the past 40 years. It is a major measure for China to further expand its opening-up, actively promote foreign investment, protect the legitimate rights and interests of foreign investment, and regulate foreign investment management. At the same time, she stressed that China is firm in its commitment to reform and opening-up, and its efforts to promote trade and investment liberalization and maintain multilateralism are ongoing. China will continue to welcome businesses from all countries, including Canada, to invest in China and conduct mutually beneficial cooperation.

 

Service trade in British Columbia province Zhou Jiong director of China international trade minister Stockwell Day, Canada (Stockwell Day), the university of alberta, dean of the school of Chinese Gordon Houlden (Gordon Houlden), dacheng law firm partners Shao Wei, former Canadian international council of the national advisory committee Cai Hongan guests such as foreign investment law respectively from different angles, is generally believed that the new law of marks China towards more open and the government by law construction is an important step, and will bring new opportunities for Canadian companies and china-canada economic and trade relations.

 

Zheng xiaoling, President of Canada council for the promotion of international trade, said that China's new round of reform and opening up has provided a very good space and rare opportunities for Canadian enterprises to develop in China. He has been engaged in international trade for more than 30 years, witnessed China's rise and its impact and contribution to global trade, and is full of confidence in the future of canada-china relations, especially canada-china economic cooperation.

About 200 people from the Canadian federal government, the British Columbia provincial government, universities, think tanks, business and media attended the BBS

 

Posted by: FDIFIRM.com

Author: Mark.Sun

Email: mark.sun@fdifirm.com

Department: Legal Support

Mark Sun provides pre investment consulting of foreign enterprises, and helps foreign brands registering companies, CPA, business registration, Chinese business license application, government annual inspection, visa residents, bank account and related corporate services.