"Regulations on Domestic Investment in Civil Aviation Industry" has unveiled. The industry's highly anticipated new regulations will come into effect on January 19, 2018. In the future, the investment in civil aviation and market access for private capital will be further relaxed and no restrictions will be set in various fields.

Recently, the Ministry of Transport issued and promulgated Regulations on Domestic Investment in Civil Aviation Industry to encourage, support and guide state-owned and non-state-owned entities in investing in the civil aviation industry and to regulate the investment behavior among civil aviation enterprises.The new regulations involve many civil aviation core areas in relaxing market access, such as airlines, airports, aviation fuel, terminal buildings, and so on.In addition, investment restrictions among the various enterprises in the industry have also been liberalized. It is understood that the new regulations fully liberalize the mutual investment between general airports and other players in the industry; and to a certain extent, liberalize the investment restrictions of the transport airport and the guarantee enterprises to the public air transport enterprises, and control the investment ratio at 5%. At the same time, the new regulations liberalize the restrictions on the transportation airports and the guarantee enterprises from investing in all cargo airlines by removing the restriction on the ratio of shares not exceeding 25% in investment but retaining the previous requirement of no relative holding. It is worth mentioning that the new regulations adopt the negative list mode, and its Article 5 stipulates: "The state-owned investment entities and the non-state-owned investment entities may individually or jointly invest in the civil aviation industry.However, if it is clearly restricted on this provision, they shall meet their requirements. "Thus, in addition to the restrictionsclearly stipulated by the new Regulations on investinginpublic air transport, civil transport airports, air traffic control systems, aviation fuel sales, storage and transportation and fuel injection, there are no market access on investment on investment by various types of domestic investment entities in general aviation, general aviation airport, aircraft maintenance , cargo warehousing, ground services, aviation food production and sales, parking lots, passenger and cargo sales agents, computer reservation system services, aviation settlement and other civil aviation projects.