Why does the Foreign Investment Law not involve investment in Hong Kong, Macao and Taiwan? Li Keqiang responded

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 Why does the Foreign Investment Law not involve investment in Hong Kong, Macao and Taiwan? Li Keqiang responded


The second session of the 13th National Peoples Congress closed on the morning of March 15. Premier Li Keqiang of the State Council met with Chinese and foreign journalists in the Great Hall of the People. Li Keqiang said that Hong Kong, Macao and Taiwan can refer to the applicable foreign investment law, and the long-standing effective institutional arrangements should continue to be used.

New Beijing News reporter Peng Ziyang

Some media questioned whether the foreign investment law did not involve investment in Hong Kong, Macao and Taiwan. Does it indicate that the central government has made some adjustments in its view of the status of Hong Kong, Macao and Taiwan and its investment in Hong Kong, Macao and Taiwan?

In this regard, Li Keqiang said that Hong Kong and Macao are special administrative regions of the Peoples Republic of China. Both sides of the Taiwan Strait belong to one China and have always attached great importance to Hong Kong, Macao and Taiwan investment. Hong Kong and Macaos investment in the mainland, accounting for 70% of the use of overseas investment, will further play the role of Hong Kong and Macao as a separate customs area and free port, and will also create favorable conditions for Taiwanese to start businesses in the mainland.

I want to make it clear that investment in Hong Kong, Macao and Taiwan can be referred to and applied to the foreign investment law just passed, and that our long-standing effective institutional arrangements will continue to be used. Li Keqiang said that when formulating relevant documents, the State Council will listen carefully to the views of compatriots in Hong Kong, Macao and Taiwan, earnestly protect their legitimate rights and interests, and welcome more overseas investment from Hong Kong, Macao and Taiwan.