AsianFin -- China's State Council, the cabinet, on Friday issued a notice that approves Beijing's request to further open its market to foreign capital.

The Beijing Municipal had submitted provisional adjustments to regulations and rules regarding foreign-China joint operations of schools, the places of entertainment, performances, Special Administrative Measures on Foreign Capital's Entry to the Market (the "Negative List" in 2024), which were approved the State Council.   

The Ministry of Commerce and the municipal government will work together to assess the implementation of the provisional regulations and rules and provide follow-up recommendations. 

The State Council will make adjustments to the provisional regulations and rules at an appropriate time based on the actual situation.