BUSINESS China allows foreign investors to open entertainment venues

BUSINESS

China allows foreign investors to open entertainment venues

Xinhua

21:02, June 01, 2021

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.

File photo

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.

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