- On 16 June 2026, MOFCOM, NDRC and MOF issued the *Action Plan for Stabilising and Optimising Foreign Investment* (Document No. 97 of 2026), a 15-measure package across five dimensions approved by the State Council.
2026年6月16日，商务部、国家发展改革委、财政部联合印发《利用外资固稳促优行动方案》（商资发〔2026〕97号），经国务院同意，围绕五大维度推出15条举措。- The Plan shifts the policy centre of gravity from “allowing entry” to “ease of operating” — deepening services-sector opening while streamlining foreign M&A, data flows, onshore reinvestment and R&D centres.
方案将政策重心从”能进入”转向”准营便利”——在深化服务业开放的同时，简化外资并购、数据流动、境内再投资与研发中心建设。- Manufacturing foreign-access restrictions have been fully removed; services — now about 70% of actually-utilised foreign capital — is the new opening frontier, with cloud computing, wholly-foreign-owned hospitals and biotech pilots set to expand.
制造业外资准入限制已全面取消；服务业（实际使用外资比重约七成）成为开放新前沿，云计算、外商独资医院、生物技术等领域试点将扩大。- Investment facilitation measures include revising foreign M&A rules, scenario- and field-level negative lists for data export in FTZs, and easier onshore reinvestment with improved service for major projects.
投资便利举措涵盖修订外资并购规定、自贸区场景化与字段级数据出境负面清单、境内再投资便利化及重大外资项目服务保障。- Investment promotion strengthens the “Invest in China” brand, explores a digital comprehensive service platform, and introduces an “encourage / prohibit” list for local-government investment attraction.
投资促进方面强化”投资中国”品牌、探索外商投资数字综合服务平台，并建立地方政府招商引资的鼓励与禁止事项清单。- In the first half of 2026, nearly 4,800 foreign-invested enterprises increased investment in China, with the high-tech share of inbound investment rising.
2026年上半年，近4800家外资企业追加对华投资，高技术领域引资占比提升。
Decoding China’s 2026 Action Plan for Stabilising and Optimising Foreign Investment | 解读《利用外资固稳促优行动方案》（2026）：外资来华五大维度十五项举措
Why this matters now
China’s foreign-investment policy has entered a “stabilise, retain and upgrade” phase. After a cycle of negative-list cuts and the full removal of manufacturing access restrictions, the policy question is no longer chiefly about *what is open* but about *how easy it is to operate, grow and reinvest*. The *Action Plan for Stabilising and Optimising Foreign Investment* (MOFCOM, NDRC and MOF, Document No. 97 of 2026, issued 16 June 2026 with State Council approval) is the most consolidated statement of that shift. Together with the 15th Five-Year Plan framing, it sets the tone for inbound investment through the late 2020s.
This article decodes the Plan’s five dimensions, highlights the measures most relevant to foreign-invested enterprises (FIEs), and translates them into a practical checklist. It pairs with our coverage of the negative list, market-access approvals and the FTZ playbook.
The five dimensions at a glance
The Plan organises its 15 measures under five headings:
- Expanding market access — deepening services-sector opening, raising the level of financial opening, and supporting foreign participation in industries such as pharmaceuticals.
- Enhancing investment facilitation — improving the foreign M&A regime, optimising cross-border data flows, and facilitating onshore reinvestment.
- Raising the level of investment promotion — strengthening the “Invest in China” brand and standardising investment-attraction conduct.
- Improving the service and safeguard system — delivering national treatment, fair-competition review, and protecting FIEs’ online rights.
- Optimising foreign-investment management — upgrading the foreign-investment information-reporting system.
Market access: services is the new frontier
Manufacturing foreign-access restrictions have been fully cancelled. The Plan therefore foregrounds services, which now account for roughly 70% of actually-utilised foreign capital. Concrete openings include:
- expanding pilot openings for cloud computing, wholly-foreign-owned hospitals and biotech;
- widening the opening of vocational training, schools and high-level science/engineering/agriculture/medical universities;
- supporting Beijing’s comprehensive services-opening demonstration zone and piloting digital-economy and healthcare-modernisation measures;
- upgrading the Closer Economic Partnership Arrangement (CEPA) with Hong Kong and Macao to open services to them first;
- in finance, letting more foreign institutions use risk-management tools including government-bond futures, conduct fund-investment advisory business, and listing key foreign firms domestically.
The signal is clear: the marginal liberalisation now lives in services, and FIEs should revisit sectors — healthcare, education, cloud, finance — that were historically constrained.
Investment facilitation: from entry to operation
Three measures matter most for day-to-day FIE operations:
- Foreign M&A: the rules on foreign investors acquiring domestic enterprises will be revised to streamline process and consideration payment, with strengthened inter-departmental coordination; qualifying foreign equity-investment institutions may participate as strategic investors in non-related listed-company securities issuance.
- Cross-border data: FTZs and services-opening pilot cities are encouraged to formulate scenario-based, field-level negative lists for data export, and national standards for important-data identification are to be developed in sectors such as industry, telecoms, geoinformation, automotive, pharmaceuticals, seeds, aerospace and civil aviation.
- Onshore reinvestment: the Plan facilitates foreign investors’ reinvestment in China and strengthens services for reinvestment projects — directly relevant to the profit-reinvestment tax incentives covered elsewhere on this site.
Promotion and safeguards
On promotion, the Plan strengthens the “Invest in China” brand, explores a digital comprehensive service platform for foreign investment, and — notably — moves to standardise local-government investment attraction by publishing an “encourage / prohibit” list of matters. This responds to concerns about uneven, subsidy-driven competition among localities.
On safeguards, it affirms national treatment, strengthens fair-competition review in government procurement and bidding, supports FIE participation in consumption-stimulation campaigns, and establishes a coordinated mechanism for handling online-infringement complaints — protecting FIEs’ legitimate online rights.
Optimising management
The Plan pledges a comprehensive upgrade of the foreign-investment information-reporting system, with direct reporting channels and information sharing that support foreign-exchange registration, administrative licensing and fixed-asset-investment management. For FIEs, this points to a lighter, more digital compliance footprint over time.
Practical takeaways for FIEs
- Re-screen services sectors (healthcare, education, cloud, finance) for openings that were previously closed.
- Plan M&A and reinvestment against the forthcoming revised foreign-M&A rules and the reinvestment-facilitation measures.
- Map your data flows to the emerging scenario-based, field-level export negative lists in FTZs.
- Use the major-project work-stream (national and provincial task forces) for large greenfield or expansion investments.
- Engage the “Invest in China” platforms and the forthcoming digital service portal for matching and approval support.
Related reading
- The 2026 negative list and sector-specific restriction map.
- Market-access approval and the FTZ fast-track.
- Onshore reinvestment and the profit-reinvestment tax incentive.
解读《利用外资固稳促优行动方案》（2026）：外资来华五大维度十五项举措
为何重要
中国的外资政策已进入”固稳促优”阶段。在经历负面清单持续缩减、制造业准入限制全面取消的循环之后，政策议题的核心不再主要是”开放什么”，而是”运营、成长与再投资有多便利”。《利用外资固稳促优行动方案》（商务部、国家发展改革委、财政部，商资发〔2026〕97号，2026年6月16日印发，经国务院同意）是这一转向最集中的表述。结合”十五五”规划框架，它为2020年代末的引资定下基调。
本文拆解方案的五大维度，突出与外商投资企业（FIE）最相关的举措，并转化为实用清单。它与本站点关于负面清单、准入审批与自贸区落地的报道相互呼应。
五大维度一览
方案将15条举措归为五个部分：
- 扩大市场准入——深化服务业领域开放、提升金融业开放水平、支持外资参与医药等产业高质量发展。
- 提升投资便利度——完善外资并购管理制度、优化数据跨境流动管理、促进外资境内再投资。
- 提高投资促进水平——强化”投资中国”品牌、规范招商引资行为。
- 健全服务保障体系——落实国民待遇、公平竞争审查、维护外资企业网络合法权益。
- 优化外资管理——升级外商投资信息报告制度。
市场准入：服务业成为新前沿
制造业外资准入限制已全面取消。方案因而将服务业置于前台——其占实际使用外资比重约七成。具体开放包括：
- 扩大云计算、外商独资医院、生物技术等领域试点开放；
- 拓宽职业技能培训、职业院校、高水平理工农医类大学的对外开放试点；
- 支持北京服务业扩大开放综合示范区，在数字经济、医药健康等现代服务业重点领域先行先试；
- 升级内地与港澳CEPA，在服务业领域对港澳投资者率先开放；
- 金融领域，允许更多外资机构运用国债期货等风险管理工具、依法开展基金投资顾问业务，并支持重点外资企业境内上市。
信号明确：边际自由化如今落在服务业，外商投资企业应当重新审视医疗、教育、云计算、金融等历史上受限的行业。
投资便利：从准入到准营
三项举措对外商投资企业的日常运营最为关键：
- 外资并购： 将修订完善外国投资者并购境内企业规定，优化流程与对价支付，强化部门协同；符合条件的外资股权投资机构可以战略投资者身份参与非相关行业上市公司证券发行。
- 数据跨境： 鼓励自贸区与服务业扩大开放试点城市制定场景化、字段级数据出境负面清单，并推动工业、电信、地理信息、汽车、医药、种业、航天、民航等行业重要数据识别目录国家标准。
- 境内再投资： 方案促进外资境内再投资并强化再投资项目服务保障——与本站点另文所述的利润再投资税收优惠直接相关。
促进与保障
在促进方面，方案强化”投资中国”品牌，探索外商投资数字综合服务平台，并——值得注意——通过发布招商引资鼓励与禁止事项清单来规范地方招商行为，回应了对地方间补贴驱动、参差不齐竞争的关切。
在保障方面，方案落实国民待遇，加强政府采购与招标投标领域的公平竞争审查，支持外资企业参与提振消费行动，并建立涉企网络侵权举报联动机制，维护外资企业网络合法权益。
优化管理
方案承诺全面优化外商投资信息报告制度，健全直报渠道与信息共享机制，为外汇登记、行政许可、固定资产投资等外资管理提供支撑。对FIE而言，这意味着长期合规负担将更轻、更数字化。
外商投资企业的实务要点
- 重新筛查服务业（医疗、教育、云计算、金融）中此前关闭、如今开放的领域。
- 围绕并购与再投资对接即将修订的外资并购规定与再投资便利化举措。
- 梳理数据流向，对应自贸区新兴的场景化、字段级数据出境负面清单。
- 善用重大外资项目专班（国家与省级）推进大型绿地或扩产投资。
- 对接”投资中国”平台与即将上线的数字服务门户，获取撮合与审批支持。
延伸阅读
- 2026年负面清单与分行业限制地图。
- 准入审批与自贸区快速通道。
- 境内再投资与利润再投资税收优惠。
Sources
- 商务部、国家发展改革委、财政部：《利用外资固稳促优行动方案》（商资发〔2026〕97号）— https://fdi.mofcom.gov.cn/questionDetial.html?id=48925
- 商务部国新办新闻发布会解读《利用外资固稳促优行动方案》— https://www.mofcom.gov.cn/zcjd/tzhz/art/2026/art_d0190837f61147258546c1bcc8f9be05.html
- 中国贸易救济信息网：稳外资政策解读— https://cacs.mofcom.gov.cn/article/gnwjmdt/gn/202608/188808.html