Official announcements from China's Ministry of Industry and Information Technology or credible news reports

China Launches Pilot Program to Expand Telecom Services in Four Key Areas Starting October 23

Oct 23, 2024, 05:46 AM

China's Ministry of Industry and Information Technology launched a pilot program on October 22 to expand opening-up in value-added telecommunications services in four designated areas: Beijing, Shanghai, Hainan, and Shenzhen. This initiative, starting from October 23, allows foreign enterprises to operate value-added telecommunications services, including internet data centers, in these regions. Notably, ten foreign companies, including Tesla, Trafigura, HSBC Fintech, and a subsidiary of Siemens, have filed applications to join the program. The program aims to encourage foreign investment and enhance the telecommunications sector in China.