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1、ForeignInvestmentIndustryCatalogue:Toaverylargeextent,the2007Cataloguefaithfullyre?ectsthesepolicyarticulations.NewRevisions&AlignmentwithCONTINUITY&CHANGEThethreebasiccategories:“encouraged”,NationalDevelopmentStrategy“restricted”,and“prohibited”hav
2、ebeencarriedovertothe2007Catalogue.Likethoseinthe2004Catalogue,industriesnotlistedareWiththeissuanceofanewguidancecatalogue,Chinahasre-consideredtobeinadefaultcategorynormallyreferredtoas“permitted”,andareopentode?nedtheindustriesintothosethatareenco
3、uraged,restricted,foreigninvestmentunlessotherwisespeci?edinorprohibitedforforeigninvestment.Atthesametime,FIEtaxotherPRCregulations.preferencesandapprovalproceduresarebeingmorecloselyThe2007CataloguehassubstantiallyincreasedalignedwiththePRCgovernme
4、nt’sevolvingnationaleconomicthenumberoflistedindustries:developmentpolicy.ForeigninvestorsinthePRCmustnowadapt?the“encouraged”categorycontains351tosometransitionaluncertaintyandprepareforasomewhatindustrialareas(anincreaseof94fromthe2004Catalogue);di
5、fferentinvestmentenvironment.?the“restricted”categorycontains87industrialareas(anincreaseof9);andByThomasY.Man,YanZeng&Jing(Jean)SunofOrrick,Herrington&SutcliffeLLP?the“prohibited”categorycontains40industrialareas(anincreaseof5).policyrealignmentofso
6、rtstookeffectonDecember12007,Omittedfromthe2007CataloguearetwonotescontainedattheendAunderthenewlyrevisedversionoftheForeignInvestmentofthe2004Catalogue,whicharenowunderstoodtobeunnecessaryasIndustrialGuidanceCatalogue(Amended2007)(外商投資產(chǎn)業(yè)theyarere?ec
7、tedinthecataloguelistingsorinrelatedadministrative指導(dǎo)目錄(2007年修訂)),whichwasjointlyissuedonOctober312007regulationsandimplementingrules:bytheNationalDevelopmentandReformCommission(NDRC)andtheMinistryofCommerce(MOFCOM).Thismarksthefourthrevisionto?Note1,
8、whichprovidesthattheprovisionsoftheCloserEconomictheForeignInvestmentIndustrialGuidanceCataloguesinceits?rstPartnershipAgreements(CEPA)betweenMainlandChinaandHongpromulgationin1995(thepreviousrevisionsoccurredin1997,2002,KongandMacau,respectively,pre
