IN a new move to reconcile Hong Kong and Macao investors, Shenzhen is considering dropping all market access restrictions on investments from the two cities in Qianhai.

A new regulation on Qianhai & Shekou Free Trade Area and the regulation on Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, which will take effect Oct. 1, will “explore the possibilities” of canceling market access restrictions on Hong Kong and Macao companies that invest in Qianhai.

It will also push a negative list management model for cross-border services trade from Hong Kong and Macao.

The legislation also encourages Hong Kong and Macao enterprises to set up offices in Qianhai, with detailed regulations on such “cross-border offices” to be formulated later.

In addition, medicines (excluding vaccines) and medical appliances that have been approved for sale in Hong Kong and Macao but have not been registered on the mainland are allowed to be used in medical institutions in the Qianhai & Shekou Free Trade Area for urgent clinical purposes.

Restrictions will also be reduced or canceled on foreign investors’ access to finance, modern logistics, information, technology, cultural and professional services, as well as health care.

In an innovative practice, the regulations proposed “no violation, no intervention” policy in the supervision of foreign-invested businesses for the sake of liberalization of international investment.

It will also push a negative list management model for cross-border services trade from Hong Kong and Macao.

The legislation also encourages Hong Kong and Macao enterprises to set up offices in Qianhai, with detailed regulations on such “cross-border offices” to be formulated later.

In addition, medicines (excluding vaccines) and medical appliances that have been approved for sale in Hong Kong and Macao but have not been registered on the mainland are allowed to be used in medical institutions in the Qianhai & Shekou Free Trade Area for urgent clinical purposes.

Restrictions will also be reduced or canceled on foreign investors’ access to finance, modern logistics, information, technology, cultural and professional services, as well as health care.

In an innovative practice, the regulations proposed “no violation, no intervention” policy in the supervision of foreign-invested businesses for the sake of liberalization of international investment.

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