Foreign Investment in Entertainment Venues Allowed Now
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On 6th of May 2021, the Ministry of Culture and Tourism released the Circular about Adjusting Approval Matters for Entertainment Venues and Internet Service Locations (Exposure Draft), to collect public opinions until 14th of May 2021.
2021年5月6日，文旅部公布《关于调整娱乐场所和互联网上网服务营业场所审批有关事项的通知（征求意见稿）》，公开征求意见至2021年5月14日。
According to the circular, foreign investors are allowed to set up entertainment venues in China, without restrictions on the proportion of investment. Foreign investors can file applications with provincial department of culture and tourism to set up entertainment venues, and they shall meet the same conditions and follow the same approval procedures as domestic applicants. Investors from Hong Kong, Macau and Taiwan will be treated the same as foreign investors.
就外国投资者准入方面，《通知》明确，允许外国投资者依法在中国境内设立娱乐场所，不设投资比例限制。审批层级方面，参照原“中外合资经营、中外合作经营娱乐场所”的审批要求，外国投资者申请从事娱乐场所经营活动，向省级文化和旅游行政部门提出申请，设立条件和程序与内资一致。港澳特区投资者、台湾地区投资者在内地投资设立娱乐场所，参照外国投资者要求执行。
For more information please visit the website of Ministry of Culture and Tourism of PRC.
欲知详情，请登录中华人民共和国文化旅游部官网。