China to allow full foreign ownership in telecom services in Shanghai FTZ
Updated: 2014-01-08 00:02
(Xinhua)
|
|||||||||||
BEIJING - China will open up seven telecom value-added services to foreign capital in the Shanghai Free Trade Zone, with five allowing for full foreign ownership, a senior telecom official said Tuesday.
Services with no cap for foreign ownership will include app stores, store and forward, domestic multi-party communication, call centers and home Internet access, according to Wen Ku, head of the telecom development department of the Ministry of Industry and Information Technology. Online data and dealing analysis services will allow a foreign ownership of no more than 55 percent, Wen said.
The move is another step in opening up the country's telecom sector as China has already committed under the WTO to open information service, store-and-forward, and online data and dealing analysis services, with a 50-percent cap for foreign stake.
Enterprises that apply for the services should register and base their infrastructure in the Shanghai FTZ, and all services may be available to the whole country, except home Internet access services, which will be confined within the FTZ, Wen said.
Detailed application instructions will be released to facilitate investment in the services, Wen added.
Related Stories
China adjusts measures in Shanghai FTZ 2014-01-07 09:10
Govt revamps FTZ regulations 2014-01-07 07:19
Panel to push financial reform in FTZ 2014-01-04 07:40
30 financial rules to spur growth of FTZ enterprises 2014-01-02 11:29
Shanghai to soar on FTZ wings 2013-12-25 07:09
Today's Top News
Four feared dead in British helicopter crash
Tokyo urged to end militarism
Russia imposes security clampdown in Sochi
Greenland inks London deal
HK media mogul Shaw dies at 107
Xuelong makes successful escape
Merkel fractures pelvis skiing, cancels visits
Portugal declares three-day mourning for Eusebio
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Movie mogul Run Run Shaw, 107, dies in HK |
Growing food in space could assist in human colonization |
Holiday blues |
Keeping their motors running |
In memory of unnamed war heroes |
The new temples of a twilight age |