The State Council of the People’s Republic of China has approved temporary adjustments and implementations of several administrative regulations and departmental rules related to foreign investment in six pilot cities, including Nanjing.

Here are some key points:

– Outbound Tourism Business: Foreign-invested travel agencies in Nanjing, meeting related conditions, are allowed to engage in outbound tourism (excluding the Taiwan region).

– Domestic Internet VPN: Domestic Internet virtual private network business, with foreign shareholding not exceeding 50%, is open to foreign-invested companies in Nanjing. This aims to attract international telecom operators to provide VPN services to foreign-invested enterprises in Nanjing through joint ventures.

– Telecom Business Equity: Restrictions on the foreign equity ratio in value-added telecom businesses, including information services (excluding prohibited areas) and Internet access services, are no longer valid in Nanjing.

– Entertainment Venues Approval: The approval authority for entertainment venues set up by foreign investors, as well as investors from Hong Kong, Macau Special Administrative Zones, and the Taiwan region, is delegated to Nanjing Municipal Bureau of Culture and Tourism. This includes the operation of performance venues and brokers, simplifying the approval process.