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Hainan FTP to Remove Foreign Restrictions on IDC Investment

On June 26, 2024, Office of the Cyberspace Affairs Committee of the CPC Hainan Provincial Committee (“中共海南省委网络安全和信息化委员会办公室”) publicly solicited comments on the Regulations on the Development of International Data Centers in the Hainan Free Trade Port (Draft)/海南自由贸易港国际数据中心发展条例(公开征求意见稿)(“Draft”). The public comment period is from June 26, 2024, to July 25, 2024. This Draft is the first local document to mention the removal of foreign ownership restrictions on internet data center (“IDC”) services, following the MIIT Circular on April 10, 2024, regarding the pilot scheme for the further opening of value-added telecom services to foreign investment. For more details of the MIIT Circular, please find our analysis through: China to Remove Foreign Restrictions on IDC Investment https://mp.weixin.qq.com/s/NiUaSsLNGWS0nVB5MZY5sQ corporate mergers and acquisitions-foreign direct investment fdi,telecommunications media entertainment and technology-telecommunications

29 June 2024
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