Specifics due soon on luring investors to 12 fields

Specific favorable measures will be released next month to open up 12 key fields, such as new energy vehicles, as part of China's 22 measures to attract foreign investment, senior officials said on Friday.

In the 12 key areas, restrictions on foreign investment will be reduced to lower the market access threshold, Vice-Minister of Commerce Wang Shouwen said at a news briefing hosted by the State Council Information Office on Friday. "Specifics of the timetable will be released by the end of September," he said.

For example, foreign capital currently can hold no more than 50 percent of shares of joint-venture companies in the 12 fields, but the proportion will be increased, Wang said. The fields also include ship design, aircraft maintenance, maritime transportation, banking, securities and insurance, he added.