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Catalogue of industries for foreign investment (revised in 2004)
I. Encouragement category

1. Risk exploration and development of oil and gas: limited to cooperation.

2. Low permeability oil and gas reservoir (field) development: limited to cooperation.

3. Development and application of new technologies for enhancing oil recovery: limited to cooperation.

4. Development and application of new petroleum exploration and development technologies such as geophysical prospecting, drilling, logging and downhole operation: limited to cooperation.

5. Automobile and motorcycle manufacturing: the proportion of foreign investment shall not exceed 50%.

6. Regular and irregular international shipping business: the proportion of foreign investment shall not exceed 49%.

7. International container multimodal transport: the proportion of foreign investment shall not exceed 50%; Foreign holding is allowed no later than 65438+February 200211; No later than June 5438+February 2005 1 1, wholly foreign-owned enterprises are allowed.

8. Road freight transport companies: foreign capital holding is allowed no later than February 2002 1 1; No later than June 5438+February 2004 1 1, wholly foreign-owned enterprises are allowed.

9. Wholesale, retail, logistics and distribution of general commodities: See the fifth part of Restricted Category for restrictions.

10. Accounting and auditing: limited to cooperation, partnership II and restricted categories.

(1) Entry-exit automobile transportation companies: foreign holding is allowed no later than June 65438+February 2002 1, and foreign sole proprietorship is allowed no later than June 65438+February 2004 1.

(2) Shipping companies: the proportion of foreign investment shall not exceed 49%.

(3) Railway freight companies: the proportion of foreign investment shall not exceed 49%; No later than 65438+February 2004 1 1, foreign capital holding is allowed; Wholly foreign-owned enterprises are allowed not later than February 2007 1 1

(4) Telecom companies

1. Paging services in value-added telecommunications and basic telecommunications: foreign investment is allowed from 200 1 12 1, with the proportion of foreign investment not exceeding 30%; No later than 65438+February 2002 1 1, and the proportion of foreign investment allowed shall not exceed 49%; No later than 65438+February 2003 1 1, and the proportion of foreign investment is allowed to reach 50%.

2. Basic telecom mobile voice and data services: foreign investment is allowed from 200 1 and1,with the proportion of foreign investment not exceeding 25%; No later than 65438+February 2002 1 1, and the proportion of foreign investment shall not exceed 35%; No later than 65438+February, 2004 1 1, and the proportion of foreign investment allowed will reach 49%.

3. Domestic and international services of basic telecommunications: No later than February 2004, 65438+ 1 1 allows foreign investment, with the proportion of foreign investment not exceeding 25%; No later than 65438+February 2006 1 1, and the proportion of foreign investment allowed will reach 35%; No later than 65438+February 2007 1 1, the proportion of foreign investment allowed will reach 49%.

(5) Commercial companies such as commodity trading, direct selling, mail order, online sales, franchising, entrustment, sales agency, operation and management, wholesale, retail, logistics and distribution of grain, cotton, vegetable oil, sugar, medicine, tobacco, automobiles, crude oil and agricultural means of production; Wholesale and retail business of books, newspapers and periodicals; Wholesale of refined oil and construction and operation of gas stations

1. commission agency and wholesale (excluding salt and cigarettes): no later than February 2002 1 1 foreign investment is allowed, with the proportion of foreign investment reaching 50%, but books, newspapers, medicines, pesticides, agricultural films, fertilizers, refined oil and crude oil are not allowed; No later than 65438+February 2003 1 1, foreign capital holding is allowed; No later than 65438+February 2004 1 1, foreign-owned enterprises are allowed to operate books, newspapers, magazines, medicines, pesticides and agricultural films; No later than 65438+February, 2006 1 1, it is allowed to operate chemical fertilizers, refined oil and crude oil.

2. Retail (excluding tobacco): foreign investment is allowed, but books, newspapers, medicines, pesticides, agricultural films, fertilizers and refined oil are not allowed; No later than 65438+February 2002 1 1, the proportion of foreign investment is allowed to reach 50%, and books, newspapers and periodicals are allowed to operate; No later than 65438+February 2003 1 1, foreign capital holding is allowed; No later than February 2004, foreign-owned enterprises are allowed to engage in pharmaceuticals, pesticides, agricultural films and refined oil; No later than 65438+February 2006 1 1, the operation of chemical fertilizers is allowed. Chain stores with more than 30 branches dealing in automobiles (no later than 65438+February 2006 1 1), books, newspapers, medicines, pesticides, agricultural films, refined oil, fertilizers, grain, vegetable oil, sugar, tobacco and cotton are not allowed to be controlled by foreign parties.

3. Franchising, wholesale and retail without a fixed place: foreign investment is allowed no later than February 2004 1 1.

(6) Distribution of audio-visual products (except movies): limited to cooperation, with Chinese holding.

(7) Goods leasing companies: foreign investors are allowed to hold shares no later than June 65438+February 2002 1, and foreign investors are allowed to be solely invested no later than June 65438+February 2004 1.

(8) Agency companies

1. Ship: The proportion of foreign investment shall not exceed 49%.

2. Freight (excluding services exclusively provided by postal departments): the proportion of foreign investment shall not exceed 50% (express service shall not exceed 49%); Foreign holding is allowed no later than 65438+February 200211; No later than June 5438+February 2005 1 1, wholly foreign-owned enterprises are allowed.

3. Ocean shipping tally: limited to joint ventures and cooperation.

4. Advertising: the proportion of foreign investment shall not exceed 49%; No later than 65438+February 2003 1 1, foreign capital holding is allowed; No later than June 5438+February 2005 1 1, wholly foreign-owned enterprises are allowed.

(9) Insurance companies

1. Non-life insurance companies: the proportion of foreign investment shall not exceed 51%; No later than June 5438+February 2003 1 1, wholly foreign-owned enterprises are allowed.

2. Life insurance companies: the proportion of foreign investment shall not exceed 50%.

(10) Securities companies and securities investment fund management companies.

1. Securities companies: No later than 65438+February 2004 1 1 foreign investment is allowed, and the proportion of foreign investment does not exceed 1/3.

2. Securities investment fund management companies: foreign investment is allowed, and the proportion of foreign investment does not exceed 33%; No later than 65438+February, 2004 1 1, and the proportion of foreign investment allowed will reach 49%.

Insurance brokerage company: the proportion of foreign investment shall not exceed 50%; No later than 65438+February 2004 1 1, and the proportion of foreign investment allowed will reach 51%; Wholly foreign-owned enterprises are allowed not later than February 2006 1 1

(12) Import and export commodity inspection and authentication company: foreign shareholders are allowed to hold shares no later than 65438+February 200311; No later than June 5438+February 2005 1 1, wholly foreign-owned enterprises are allowed.