Foreign Investment Law · Yalla China

Key practical points:
• Foreign investors get "national treatment" at the pre-establishment stage, meaning treatment no less favorable than domestic investors, outside the negative-list sectors.
• The "negative list" sets out sectors that are restricted or prohibited for foreigners; anything outside it is open on the same terms as for locals.
• The law protects investors' rights, including remitting profits and capital abroad in line with the rules.
• It expressly prohibits forced technology transfer and protects intellectual property and trade secrets.
• It replaced the three old foreign-investment enterprise laws (joint ventures and wholly foreign-owned enterprises).
• There is a foreign-investment information reporting system with the competent authorities.
• The state commits to facilitating investment and providing a more transparent and stable business environment.