# China to ease restrictions on foreign ownership in telecommunications services

- Link: https://www.thailand-business-news.com/china/137405-china-to-ease-restrictions-on-foreign-ownership-in-value-added-telecommunications-services
- Published: 2024-04-24T08:27:00+07:00
- Author: ASEAN Briefing

The Chinese government has launched a pilot program to relax foreign ownership restrictions
in certain value-added telecommunication services, aiming to attract foreign investment
and enhance market activity.

## Key Takeaways

 * China is relaxing foreign ownership limits in certain value-added telecommunication
   services to attract more foreign investment and enhance market activity.
 * The pilot program will initially roll out in four strategic regions, lifting 
   restrictions on foreign shareholding for various value-added telecommunication
   service sectors.
 * The successful execution of the pilot program could lead to broader participation
   of international entities in China’s telecommunications and internet industry,
   contributing to a deeper integration of China into the global digital economy.

The program, outlined in a recent circular, will initially roll out in four strategic
regions and aims to lift foreign shareholding restrictions in various sectors, such
as Internet Data Centers and Content Delivery Networks.

ADVERTISEMENT

China’s pilot program aims to increase foreign investment in the telecom industry
by allowing more foreign ownership in specific parts of the sector in certain regions.
The goal is to attract more foreign investors, boost market activity, improve services,
and promote growth in the telecom industry. If successful, this pilot could lead
to further openness in China’s telecom industry.

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Foreign investors are advised to closely monitor the development of the pilot program
in the designated regions for potential business opportunities.

Reference: [China New Pilot Program for Value-Added Telecommunication Services (china-briefing.com)](https://www.china-briefing.com/news/china-to-relax-foreign-ownership-limits-in-value-added-telecommunication-services/)