—Implement the management system based on pre-establishment national treatment and negative list across the board

1. Fully implement the Special Administrative Measures (Negative List) for Foreign Investment Access in Pilot Free Trade Zones (2018 Edition) of China. Sectors that are not covered in the negative list shall be managed under the principle of equal treatment to domestic and foreign investment, and the establishment and change of foreign-invested enterprises shall be subject to the record-filing system.

—Opening-up Measures of Cancellation (For sectors in which foreign investment was originally prohibited or the Chinese investors are required to be the absolute majority shareholders, the measure is adjusted to cancel the restrictions on foreign investment access or on majority shareholding by the Chinese side)

2. Cancel the restrictions on the proportion of foreign shares in the breeding of new varieties of vegetables and the production of seeds.

3. Cancel the restrictions that a foreign-funded insurance company shall not engage in the ceding or ceded business of reinsurance with its affiliates.

4. Cancel the restrictions on the registered capital of single-machine and single-ship subsidiaries established by financial leasing companies in the Hainan Pilot Free Trade Zone.

5. Cancel the restrictions on the proportion of foreign shares in multi-party communication service business, internet access service business of internet users and store-and-forward business in China.

6. Cancel the restrictions on the proportion of foreign shares in performance brokerage institutions.

7. Cancel the restrictions on the proportion of foreign shares in the design, manufacturing and maintenance of ships (including blocks) and trunk-line, regional and utility aircrafts.

8. Cancel the restrictions on the proportion of foreign shares in international maritime transport companies and international shipping agencies.

9. Cancel the restrictions on foreign investment access to new energy automobile manufacturing.

10. For foreign-invested engineering design (excluding engineering survey) enterprises who provide services for Hainan in the Hainan pilot free trade zone, cancel the requirements on engineering design performance of investors when applying for license for the first time.

11. Cancel the restrictions on foreign investment inmail order and online sales of general commodities.

12. Cancel the restrictions on the minimum aggregate investment and operational term of foreign-invested medical institutions.

—Opening-up Measures of Relaxation (For sectors in which foreign investment was required to be minority shareholders, the measure is adjusted to allow foreign investors to increase their share proportion to a certain limit, and in some sectors, foreign investors are allowed to be the majority shareholders)

13. Relax the restrictions on the proportion of foreign shareholding in life insurance companies to 51%.

14. Pilot the establishment of foreign-invested professional health medical insurance institutions.

—Opening-up Measures of Allowing Entry (For sectors in which the entry of foreign capital was originally prohibited, the measure is adjusted so that foreign investment is permitted)

15. Allow eligible foreign financial institutions to establish foreign banks.

16. Allow eligible private capital to establish Sino-foreign joint venture banks together with foreign financial institutions.

17. Allow eligible Sino-foreign joint venture travel agencies that are registered in the Hainan Pilot Free Trade Zone to engage in outbound tourism business in areas other than Taiwan.

18. Allow the establishment of foreign-invested artistic performance groups (with majority shareholding by the Chinese investors).

19. Allow foreign-invested enterprises to engage in the production and sales of game and entertainment equipment, and the game and entertainment equipment passing the content review conducted by cultural authorities may be sold on domestic market.

20. Allow the establishment of wholly foreign-owned entertainment venues providing services in the Hainan Pilot Free Trade Zone.

21. Allow foreign investors to invest in the domestic internet virtual private network business (with the proportion of foreign shares not exceeding 50%).

22. Allow the establishment of wholly foreign-owned international ship management enterprises.

23. Allow foreign investors to engage in the design of luxury cruises and yachts in the form of sole proprietorship.

24. Allow foreign investors to engage in the sales agency business of air transportation in the form of sole proprietorship.

25. Allow the wholly foreign-owned construction enterprises established in the Hainan Pilot Free Trade Zone to undertake the construction projects in the zone, free from the restriction on investment proportion.

26. Allow overseas professionals with qualifications of Class I Registered Architect or Class I Registered Structural Engineer of China as partners to establish architectural engineering design firms according to the corresponding qualification standard requirements.

27. Allow the establishment of foreign-invested credit investigation companies.

28. Allow the establishment of Sino-foreign joint venture talent intermediary agencies in which the foreign partner may hold no more than 70% of the stock rights.

29. Allow the establishment of Sino-foreign cooperative education and training institutions.

30. Allow the establishment of Sino-foreign cooperative vocational training institutions.