Issued by: General Office of the State Council
Issue No.: Guobanhan [2025] No.16
Release Date: February 19, 2025
Links: https://www.gov.cn/zhengce/content/202502/content_7004409.htm

The 2025 Action Plan for Stabilizing Foreign Investment outlines four strategic areas with 20 key tasks for stabilizing foreign investment in 2025, including orderly expansion of self-initiated opening-up, improvement the level of investment promotion, strengthening the functions of opening-up platforms, and redoubling efforts to enhance services. The following key highlights warrant particular attention:
1. Expand pilot programs to open up the telecommunications, healthcare, and education sectors; advancing opening-up of the biomedicine sector in an orderly manner; comprehensively lift restrictions on foreign investment access in the manufacturing sector.

2. Revise and expand the Catalogue of Encouraged Industries for Foreign Investment, steer foreign investment to the modern services sector, and support more foreign investment flows into China’s central, western and northeastern regions.

3. Research and formulate policy measures to encourage FIEs to reinvest in China and use more of their profits made in China for reinvestment.

4. Amend the Provisions on the Merger and Acquisition of Domestic Companies by Foreign Investors under the framework of the Foreign Investment Law, with optimized M&A rules and transaction procedures, clarify the scope of administration and lower threshold for cross-border share swaps.

5. Formulate and release guidelines for implementing the Measures for the Administration of Strategic Investment in Listed Companies by Foreign Investors, encourage more long-term foreign investment in listed Chinese companies.