China allows foreign investors to open entertainment venues
Updated: June 2, 2021 Source: Xinhuanet.com
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.
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.
Editor: 王予