China’s State Council discusses more foreign investment changes

BEIJING - China will roll out more measures friendly to foreign investors, including the removal of more business restrictions and levelling the playing field for foreign businesses, according to a State Council statement from a meeting chaired by Premier Li Keqiang.

Restrictions will be lifted on the business scope for  foreign-invested banks, securities companies and fund management firms already operating in China, while policies on foreign investment in the automobile industry will be refined, including giving equal treatment in market access to domestic and foreign-invested NEVs produced in China, the statement said.