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China allows foreign investors to open entertainment venues

Abstract : China has permitted foreign investors to open entertainment venues on the Chinese mainland, removing restrictions on the proportion of foreign investment, said a recent circular released by the Ministry of Culture and Tourism.

BEIJING, June 1 (Xinhua) — China has permitted foreign investors to
open entertainment venues on the Chinese mainland, removing restrictions
on the proportion of foreign investment, said a recent circular
released by the Ministry of Culture and Tourism.

To set up an entertainment venue, foreign investors shall submit an
application to provincial-level administrative departments of culture
and tourism, said the circular.

Application documents and conditions for establishment and procedure
are consistent with those for domestic investors, it added. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China allows foreign investors to open entertainment venues

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