Appendix: Measures to open up the service sectors in the China (Shanghai) Pilot Free Trade Zone

0 Comment(s)Print E-mail Deloitte, October 16, 2013
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4. Professional services

8. Lawyer service (Classification of National Economic Industries: L Leasing and business service – 7221 Lawyers

and related legal service)

Opening up measures

Cooperative mechanism between Chinese and foreign law firms will be explored.

9. Credit inquiry (Classification of National Economic Industries: L Leasing and business service – 7295 Credit

service)

Opening up measures

Incorporation of foreign invested credit information companies will be allowed.

10. Tourism companies (Classification of National Economic Industries: L Leasing and business service – 7271

Travel agency service)

Opening up measures

Sino-foreign equity joint venture tourism companies registered in the China (Shanghai) Pilot Free Trade Zone will be allowed to engage in overseas tourism business activities, with the exception of Taiwan.

11. Human resources service (Classification of National Economic Industries: L Leasing and business service – 7262

Professional intermediary service)

Opening up measures

(1) Setup of Sino-foreign equity joint venture human resources agencies will be allowed with the foreign participation at 70% or below. Investors from Hong Kong and Macau will be allowed to set up wholly foreign-owned human resources agencies.

(2) The minimum registered capital for foreign invested human resources agencies will be reduced from USD300,000 to USD125,000.

12. Investment management (Classification of National Economic Industries: L Leasing and business service – 7211

Headquarters management)

Opening up measures

Incorporation of foreign-invested joint-stock holding companies will be allowed.

13. Engineering design (Classification of National Economic Industries: M Scientific research and technology service

company – 7482 Engineering investigation and design)

Opening up measures

Foreign-invested engineering design (excluding engineering survey) companies registered in the China (Shanghai) Pilot Free Trade Zone may be waived from the requirement to provide the investor's previous project records on initial application of the relevant qualifications for those applicants providing services in Shanghai.

14. Construction service (Classification of National Economic Industries: E Construction industry – 47 Housing

construction industry, 48 Civil Engineering Construction, 49 Construction and Installation, 50 Building decoration and

other construction)

Opening up measures

Wholly foreign-owned construction enterprises registered within the China (Shanghai) Pilot Free Trade Zone will be allowed to conduct Sino-foreign joint construction projects in Shanghai regardless of the extent of foreign participation in the project.

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