China has unveiled a fresh strategy to widen access for overseas investors in its service industry, signaling a significant step toward economic liberalization. The latest initiative removes ownership caps for foreign entities in app store operations, reflecting a push to attract more international capital into the sector. This development aligns with broader efforts to stimulate domestic services consumption, a key focus as external trade pressures persist.
The plan underscores China’s commitment to fostering a more open business environment while navigating complex global dynamics. The blueprint, released by the commerce ministry, outlines an extended list of cities participating in a trial program aimed at sector expansion. Among its priorities is accelerating the integration of artificial intelligence into various industries, streamlining technological adoption.
Foreign investors will gain increased entry into value-added telecom and digital services, alongside greater opportunities in healthcare. Financial institutions stand to benefit from relaxed operational boundaries, enabling multinational firms to manage yuan-denominated cross-border funds more efficiently.
The Qualified Foreign Limited Partner initiative, introduced over a decade ago, will see expanded trials, facilitating overseas investment in China’s private equity space. Additionally, both domestic and international banks and insurers will be encouraged to engage in yuan treasury bond futures trading, enhancing risk mitigation strategies.