The Work Plan expands the pilot program coverage from the current 11 provinces and municipalities (including Beijing, Tianjin, and Shanghai) to include 9 additional cities: Dalian, Ningbo, Xiamen, Qingdao, Shenzhen, Hefei, Fuzhou, Xi'an, and Suzhou. It further relaxes market access in key service sectors such as finance, technology, healthcare, education, culture, telecommunications, and trade.
Some key opening-up sectors are outlined as follows:
- Value-added telecommunications: remove foreign equity restrictions for value-added telecom services (including app stores and internet access services); Open up the domestic internet virtual private network (VPN) business to foreign investment (≤50% foreign ownership).
- Healthcare & elderly care: Permit foreign, Hong Kong, Macao, and Taiwan doctors to establish private clinics; Support the establishment of foreign-funded nursing colleges; Permit non-profit medical institutions to be jointly established by Chinese and foreign donors; Permit foreign-funded non-profit elderly care facilities established through donations.
- Financial services: Support commercial factoring companies in exploring and developing international factoring business; Support multinational corporations to conduct cross-border RMB capital pooling operations; Expands pilot programs for Qualified Foreign Limited Partnership (QFLP).
- Commerce, trade & cultural tourism: Allow foreign-invested travel agencies to operate outbound tourism services for Chinese citizens (excluding travel to Taiwan region).
- Foreign-related legal services: Permit Hong Kong arbitration institutions to conduct relevant foreign-related arbitration business in Tianjin, Shanghai, Hainan, and Chongqing; Allow local law firms to engage Hong Kong lawyers as legal consultants for practicing their approved legal services within these jurisdictions.