Negative list is a management model of foreign investment established in China and legalized by the Foreign Investment Law of the People's Republic of China, which comes into effect on January 1, 2020.
It refers to special administrative measures for the access of foreign investment in certain industries or areas.
[1] Industries not on the list are open for investment to all businesses and will not require pre-approval by the Chinese government.
[2] The first trial version of the negative list was issued in 2016 in four provincial regions with pilot free trade zones[3] (FTZs).
[4] On November 22, 2019, China issued its 2019 version of the unified negative list for market access.