On 6 January 2014, the Ministry of Industry and Information Technology (MIIT) and Shanghai’s municipal government jointly issued the Opinions on Further Opening Value-Added Telecommunication Services to Foreign Investment in the China (Shanghai) Pilot Free Trade Zone (FTZ), opening a series of value-added telecoms services to foreign-invested enterprises in the FTZ and specifying that where foreign-invested enterprises engage in the provision of certain services, the shareholding percentage of foreign investors may exceed 50%.
Details clarified
On 15 April 2014, the MIIT further issued the Administrative Measures for the Pilot Project for Foreign Investment in the Provision of Value-Added Telecommunication Services in the China (Shanghai) Pilot Free Trade Zone and accompanying explanations of the policies, clarifying certain operational details in the opinions.
David Yu
通力律师事务所
合伙人
Partner
Llinks Law Offices
The measures further specify the conditions for foreign-invested enterprises in the FTZ to apply to engage in the provision of value-added telecoms services, the materials needed to be submitted, the review procedure by government authorities and the annual inspection system for foreign-invested telecoms enterprises in the FTZ. The measures provide additional detail for the opinions, erecting a practicable framework for foreign investment in value-added telecoms services in the FTZ.
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David Yu is a partner and Lawrence An is a senior associate at Llinks Law Offices
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