Beijing to allow foreign companies to establish performance venues

Foreign companies will be allowed to set up performance venues in designated areas of Beijing's cultural and entertainment hubs, with no restriction on the proportion of foreign investments, according to a State Council notice released Friday.

Foreign companies will also be allowed to invest in aviation transport agencies, the notice said.

In June, the State Council approved a plan to further open up Beijing's service sector. Beijing was allowed to relax the access threshold on qualifications, investment ratio and business scales for foreign companies in key areas such as technological, cultural, educational and financial services, business and tourism services and health care.