Core Viewpoint - The 2025 version of the Market Access Negative List has been released, reducing the number of restrictions from 117 to 106, indicating a continued effort to simplify market access and promote economic development [1][2]. Group 1: Changes in the Negative List - The new list directly removes 8 national measures, including changing the seal engraving industry from a licensing system to a filing system [2]. - A total of 17 local measures have been deleted, affecting sectors such as transportation logistics and vehicle rental services [2]. - Eight national measures have been relaxed, including the establishment of television production units and the management of drug wholesale and retail enterprises [2]. Group 2: New Regulations and Emphasis - The new list further regulates access to new industries, including unmanned aerial vehicles and e-cigarettes, while emphasizing the importance of safety in key areas such as finance and production [3]. - It specifies that non-financial institutions must not use terms like "futures company" in their registration names or business scopes, reinforcing regulations against unauthorized futures activities [3]. Group 3: Market Access Barrier Removal - The government will initiate actions to clear market access barriers, aiming to eliminate unreasonable regulations and practices that hinder market entry [3]. - A long-term mechanism will be established for collecting, verifying, and reporting cases of market access barriers to ensure a fair market environment [3].

Core Viewpoint - The "Market Access Negative List (2025 Edition)" has been released, further relaxing market access restrictions in China, reducing the number of items from 117 to 106 compared to the 2022 version [1][2]. Group 1: Changes in Market Access - The new list removes 8 national access restrictions, such as changing the public seal engraving industry from a licensing system to a filing system [1]. - Eight national measures have been partially relaxed, covering areas like new telecommunications businesses, drug wholesale and retail, and invoice printing, streamlining the access process while maintaining necessary management [1]. - Seventeen local measures have been deleted, promoting a unified national market by canceling local licensing requirements in sectors like logistics and vehicle rental services [1]. Group 2: Equal Access for All Entities - All types of business entities, whether state-owned or private, large or small, can enter the market equally without government-imposed barriers outside the negative list [2]. - The negative list includes new industries such as drone operations and e-cigarettes, ensuring that management measures are adjusted for social and public welfare [2]. Group 3: Historical Context and Progress - Since the first version of the market access negative list was introduced in 2018, the number of items has decreased from 151 to 106, representing a reduction of approximately 30% [2].