Automotive

China is the world’s largest new energy vehicle (NEV) market. According to The Economist Intelligence Unit, while China may liberalize rules around new NEV investment, the investments may in effect be limited by overcapacity in certain provinces.

China has agreed to remove and phase out joint venture requirements . China will commit market access for new energy vehicles .

China already lifted joint venture requirements and 50% equity caps for foreign NEV makers in 2018. NEVs are exempt from China’s negative list.

Financial services

The European Commission acknowledges that concessions from China in the financial services sector have already been won. Beijing “already started the process of gradually liberalising” the industry, it said, and “will grant and commit to keep that opening to EU investors.”

Joint venture requirements and foreign equity caps have been removed for banking, trading in securities and insurance (including reinsurance), as well as asset management .

Foreign investors secured these concessions in 2018 and 2019, and the financial services sector is not on China’s negative list.

Health (private hospitals)

When it comes to the health sector, the key question is enforcement and other kinds of barriers to access. For example, hospitals are limited in their ability to hire foreign doctors and the application process for foreign investors in healthcare can be cumbersome.

China will offer new market opening by lifting joint venture requirements for private hospitals in key Chinese cities , including Beijing, Shanghai, Tianjian, Guangzhou and Shenzhen.

In 2014, China began allowing foreign investors to wholly own hospitals in seven cities and provinces (Beijing, Tianjin, Shanghai, and the provinces of Jiangsu, Fujian, Guangdong, and Hainan).