(NPC) Foreign investment law covers HK, Li Keqiang says
Friday, March 15, 2019
Premier Li Keqiang clarifies that Hong Kong, Macau and Taiwan will come under the foreign investment law. The law was adopted today at the NPC's final session in Beijing.
Li says 70 percent of foreign investment comes from Hong Kong and Macau. He says more favorable conditions will be created for investors.
An overwhelming majority of the deputies present at the closing meeting of the second session of the 13th National People's Congress voted in favor of the law, Xinhua reported earlier today.
With unified provisions for the entry, promotion, protection and management of foreign investment, it is a new and fundamental law for China's foreign investment.
The law aims to improve the transparency of foreign investment policies and ensure domestic and foreign enterprises are subject to a unified set of rules and compete on a level playing field, according to an explanatory document.