On 27 May 2021, the Ministry of Culture and Tourism released the “Notice on Adjusting the Examination and Approval of Entertainment Venues and Internet Service Business Sites” (關(guān)于調(diào)整娛樂場所和互聯(lián)網(wǎng)上網(wǎng)服務(wù)營業(yè)場所審批有關(guān)事項(xiàng)的通知).
The Notice specifies that, according to the “Decision of the State Council on Revising and Repealing Some Administrative Regulations” (國務(wù)院關(guān)于修改和廢止部分行政法規(guī)的決定) (Decree No. 732 of the State Council of the People’s Republic of China), foreign investors are allowed to establish entertainment venues within the territory of China in accordance with the law, and the restrictions on the proportion of foreign investment are removed. When applying for engaging in business activities of entertainment venues, foreign investors shall file an application with cultural and tourism administrative departments at the provincial level, and the application materials, conditions, and procedures for establishment shall be the same as those for domestic investors. Where investors from the Hong Kong Special Administrative Region, the Macao Special Administrative Region or Taiwan region invest in the establishment of entertainment venues in the Mainland, they shall do so by reference to the Notice.
Cover Photo by Zain Lee (https://unsplash.com/@zzpsok) on Unsplash
Contributors: CJO Staff Contributors Team
