MIIT cancels foreign telecommunications investment approval

According to the decision of the State Council on the cancellation and decentralization of administrative licensing matters ([2020] No. 13), the Ministry of industry and information technology will no longer issue the approval opinions on foreign investment in telecommunications business from October 15, and the foreign investment review will be included in the approval of telecom business operation license. The foreign-invested enterprises which have received the approval of the opinions may continue to apply for the business license of telecommunication business in accordance with the legal procedures. Access policies and requirements, such as restrictions on foreign capital stock ratio, shallRead More →

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