08/15/2019

China's Renewable Sectors Allows Foreign Market Access

In fact, foreign investments in certain renewable areas are covered in the Encouraged Catalogue, which may offer additional tax and other incentives.

Official Press Release Hogan Lovells:

Market access updates for foreign investments in China's renewable sectors

On 30 June 2019, the National Development and Reform Commission and the Ministry of Commerce jointly released the Special Administrative Measures (Negative List) for Foreign Investment Market Access (2019 Version) (the "Negative List"), the Special Administrative Measures (Negative List) for Foreign Investment Market Access in Pilot Free Trade Zones (2019 Version) (the "FTZ Negative List") and the Encouraged Foreign Investment Industry Catalogue (2019 Version) (the "Encouraged Catalogue"), all of which would replace their respective predecessors and have become effective on 30 July 2019.

In the energy sector, since renewable energy is not listed in the 2019 Negative List, foreign investments on a basis of 100% foreign ownership are allowed in this sector. In fact, foreign... ... More: Official Press Release Hogan Lovells