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China Legal News
New Adjustments on the Catalogue of Investment Projects Approved by the Chinese Government
On October 31, 2014, the State Council issued the Circular on promulgating the Catalogue of Investment Projects Approved by the Government (2014 Version) (the "New Catalogue"), which took effect on the same day. The New Catalogue has superseded the Catalogue promulgated on December 2, 2013 (the "Old Catalogue").

Compared to the Old Catalogue, several changes to the systems of approvals and filing of investment projects have been made in order to simplify the approval and facilitate the investment implementation. According to the statistical data issued by the National Development and Reform Commission (“NDRC”), the investment approval by Chinese authorities in 38 fields has been eliminated or delegated from state level to provincial or local level in total. Combined with the Old Catalogue, the total amount of fields subject to the approval of state level has been reduced by 76% since 2013.