China’s National Development and Reform Commission and the Ministry of Commerce has indicated which areas of the sport business are likely to be favoured by the country’s foreign investment policy.
Its Catalogue of Encouraging Foreign Investment Industries (2019 Edition), replacing the previous edition released in 2017, includes a category on sport. The thirteenth category focuses on culture, sports and entertainment, and includes a section on getting foreign investment for the following in the central and western regions of China:
- the fitness industry
- stadium management and facility operations
- performance venue operations
- competitions and performances
- sports training, courses, and intermediary services
According to a report in Xinhua, this catalogue is an important indication of foreign investment policy by the Chinese government. Companies that invest in projects included in the catalogue may enjoy preferential treatment for taxation and property in accordance with laws, administrative regulations or the provisions of the State Council.