China News Service, June 22. According to the website of the Ministry of Commerce, on June 22, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance jointly issued the "Action Plan for Utilizing Foreign Investment to Consolidate and Promote Optimization", which proposed 15 measures focusing on expanding market access, improving the convenience of foreign investment, improving the level of investment promotion, improving the foreign investment service guarantee system, and optimizing foreign investment management. The full text is as follows:
The Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance issued the
Notice of the "Action Plan for Utilizing Foreign Investment to Consolidate Stability and Promote Excellence"
Shang Zi Fa [2026] No. 97
The people's governments of all provinces, autonomous regions, and municipalities directly under the Central Government, the Xinjiang Production and Construction Corps, and relevant departments of the State Council:
With the approval of the State Council, the "Action Plan for Utilizing Foreign Investment to Consolidate Stability and Promote Excellence" is now issued to you. Please implement it in light of actual conditions.
Ministry of Commerce
National Development and Reform Commission
Ministry of Finance
June 16, 2026
(This article has been deleted)
Utilizing foreign capital to consolidate and promote the action plan
In order to take multiple measures to stabilize foreign investment and promote the use of foreign investment to consolidate stability and promote excellence, with the approval of the State Council, the following action plan is hereby formulated.
1. Expanding market access
(1) Deepen the opening up of the service industry. Steadily expand the pilot programs for vocational skills training institutions, vocational schools, and high-level science, engineering, agriculture, and medicine universities to open to the outside world. Support Beijing in improving the construction level of the comprehensive demonstration zone for the expansion of the opening up of the national service industry, and promote the pilot opening of key areas of the modern service industry such as the digital economy and medicine and health. Promote the comprehensive upgrade of the arrangements for establishing closer economic and trade relations between the mainland, Hong Kong and Macao, and increase the opening up to Hong Kong and Macao investors in the service sector.
(2) Steadyly improve the level of openness of the financial industry. On the premise of improving regulatory collaboration and risk prevention and control, support more foreign-funded institutions to use risk management tools including treasury bond futures to strengthen financial risk management. Support foreign-funded institutions to carry out fund investment consulting business in accordance with the law. Optimize cross-border business management and provide cross-border financing facilitation quotas for key foreign-funded enterprises. Guide domestic banks to launch "customer-made" international settlement document services for large foreign-funded enterprises. Optimize the exchange’s pre-communication services before listing applications and support qualified key foreign-funded enterprises in domestic listing and financing.
(3) Support foreign investment in the high-quality development of pharmaceutical and other industries. Efforts should be made to study and issue detailed implementation rules for segmented production of drugs to facilitate overseas drug marketing authorization holders to carry out cross-border segmented production of biological products and chemical drugs. We will promptly study and apply for approval to further expand the scope of pilot areas for opening up biotechnology and wholly foreign-owned hospitals. Support insurance companies to include more innovative drugs and devices in the scope of commercial insurance protection, and continue to encourage high-quality innovative drugs and devices to enter the Chinese market. Build an industry collaboration platform to facilitate the entry of drugs produced by foreign-funded enterprises into drug retail channels.
2. Improving the convenience of foreign investment
(4) Improve the foreign merger and acquisition management system. Accelerate the revision and promulgation of regulations on the merger and acquisition of domestic enterprises by foreign investors, optimize the merger and acquisition management process and consideration payment requirements, and strengthen departmental regulatory coordination. Allow qualified foreign equity investment institutions to participate in the issuance of securities by listed companies in non-related industries as strategic investors to better leverage the effectiveness of strategic investment.
(5) Optimize the management of cross-border data flows. Support free trade pilot zones and national service industry pilot cities to expand opening-up to explore the development of scenario-based, field-level data export negative lists in more fields. Promote the formulation of national standards for important data identification catalogs in industry, telecommunications, geographical information, automobiles, medicine, seed industry, aerospace, civil aviation and other industries.
(6) Promote domestic reinvestment of foreign capital. Implement preferential tax policies for direct investment by foreign investors with distributed profits to ensure the precise release of policy dividends. Incorporate more reinvestment projects of foreign-funded enterprises into the list of major and key foreign-invested projects and expand the scope of service guarantees.
(7) Vigorously attract foreign-invested enterprises to set up R&D centers in China. Improve support policies for foreign-funded R&D centers, facilitate the introduction of high-level foreign talents, support the establishment of open innovation platforms and training bases, develop new R&D institutions, increase support for the transformation of innovation results, and enjoy preferential tax policies for imported scientific research supplies in accordance with the law.
3. Improve the level of investment promotion
(8) Strengthen the influence of the “Invest in China” brand. Promote the "Invest in China" brand action, improve the brand linkage implementation mechanism, and successfully host the China International Investment and Trade Fair. Explore the establishment of a digital comprehensive service platform for foreign investment and build an "Invest in China" portal that integrates information collection, service consultation, professional support, and interactive feedback. Carry out special publicity of "Invest in China" at home and abroad, strengthen the interpretation and promotion of enterprise-related policies in a targeted manner, and strengthen the narrative of "Opportunity China", "The World Trusts China" and "Global Cooperation and Win-Win".
(9) Coordinate the standardized recruitment of foreign investment projects. Accelerate the introduction of a list of encouraged and prohibited items for local government investment promotion. Provincial people's governments may provide support measures for investment projects in relevant fields in accordance with regulations. Strengthen work guidance and improve the uniformity of policy implementation. Government departments must strictly fulfill the policy commitments made in accordance with the law and abide by their promises. Make good use of special funds for foreign economic and trade development to promote foreign investment. Timely summarize the pilot experience of the pilot provinces for evaluating the effectiveness of foreign investment promotion, promote it to the whole country in a timely manner, and guide all regions to scientifically evaluate the effectiveness of investment promotion in the field of foreign investment.
4. Improve the foreign investment service guarantee system
(10) Fully implement national treatment for foreign-invested enterprises. Increase efforts to ensure national treatment for foreign-invested enterprises. Except where there are clear provisions in laws and regulations or where national security is involved, the enterprise-related support policies formulated in various fields will be treated equally and applied equally to foreign-invested enterprises. Strictly implement the fair competition review system in government procurement, tendering and other fields, and strengthen fair competition review of relevant regulations, normative documents, policies and measures in related fields. Procurement activities carried out by universities, institutions, scientific research institutions, etc. should ensure the equal participation of foreign-invested enterprises.
(11) Support foreign-invested enterprises in participating in actions to boost consumption. Support foreign-funded enterprises to fully participate in green consumption, the construction of international consumption center cities and other consumption-promoting work, and foreign-invested brand products and foreign-funded enterprises shall not be excluded from applying various consumption-promoting support policies to eligible products or services.
(12) Optimize the business network environment. Establish and improve the linkage mechanism for reporting of enterprise-related online infringements, optimize the reporting and handling process, issue relevant guidelines on online reporting channels for enterprise-related online infringement information, and safeguard the legitimate rights and interests of foreign-funded enterprises online.
(13) Strengthen service guarantees for major and key foreign investment projects. Strengthen the protection of foreign investment projects in the central and western regions. Strengthen the closed-loop management of the entire process of "clue collection-problem handling-situation feedback" for foreign-invested enterprises' business congestion problems, and report typical cases in a timely manner.
5. Optimize foreign investment management
(14) Promote regional collaboration in attracting investment. Support the eastern region and border areas to carry out paired construction, deepen cooperation in investment promotion, industrial transfer, revenue sharing, etc., and facilitate the regional layout of foreign-invested enterprises in China. Support border (cross-border) economic cooperation zones and other areas to use capital and industry as a link to build parks with other domestic regions and neighboring countries, and promote planning and construction, investment cooperation and investment promotion coordination.
(15) Improve the informatization level of foreign investment management. Comprehensively optimize the foreign investment information reporting system, improve direct information reporting channels, and ensure that foreign investment information is true, accurate, and complete. Improve the foreign investment information sharing mechanism to provide support for foreign investment management in areas such as foreign exchange registration, administrative licensing, and fixed asset investment.
All regions and relevant departments must resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, improve their political stance, implement comprehensive policies, form synergy, unswervingly expand high-level opening up, ensure the implementation of various policies and measures to achieve results, and make every effort to achieve the goal of using foreign capital to consolidate stability and promote excellence. The Ministry of Commerce should work with the National Development and Reform Commission, the Ministry of Finance and other relevant parties to strengthen overall coordination, publicity and guidance, promote the implementation of various measures and timely evaluate the progress and effectiveness. Major matters will be reported promptly and in accordance with procedures.
