Negative List definition
Examples of Negative List in a sentence
Foreign investment activities in the PRC are mainly governed by the Special Administrative Measures (Negative List) for Foreign Investment Market Access (2021 Version) (外商投資准入特別管理措施 (負面清單)(2021 年版)) and the Catalog of Industries for Encouraging Foreign Investment (2020 Version) (鼓勵外商投資產業目錄(2020年版)) (collectively, the “Investment Restrictions”), which were promulgated and are amended from time to time jointly by the MOFCOM and the NDRC.
In the field of transport, Japan has set out using a Negative List the specific reservations and restrictions in the field of air transport, international maritime transport, water transport, freight forwarding auxiliary services.
To the best of our knowledge after due inquiry, except as disclosed in the Registration Statement, the operations of the PRC Companies as described in the Registration Statement are not subject to the foreign investment restrictions or prohibitions set forth in the Negative List and foreign investors are allowed to hold 100% equity interests of the PRC Companies currently.
Notwithstanding paragraph 1, this Chapter shall not apply to Chapters 5 (Sanitary and Phytosanitary Measures), 11 (Competition) and 13 (Economic Cooperation), Article 8.19 (Renegotiation Based on the Negative List Approach), and Annex 3-B (Treatment for Certain Goods).
In the business sector, Japan has set out specific reservations and restrictions in the form of a Negative List.