Authored by: Jiang Mengbi (Morgan) , Chaojun Zhang and Wenqing Guo
On October 23, 2024, the Ministry of Industry and Information Technology (“MIIT”) of China convened a seminar to formally initiate a pilot program for the expansion of foreign investment in value-added telecommunications services across four key regions: Beijing, Shanghai, Hainan, and Shenzhen. At the seminar, MIIT granted approval letters to the four key regions to commence pilot programs.