On August 16, the State Council of China announced several notices regarding measures of increasing the growth of foreign investments, demanding further reduction of regulation or barriers for foreign investments, accelerating the promotion of the foreign negative investment that has been tested in free trade zones national wide, as well as increasing the openness in the business environment, transparency and standards. The notices also demand the expansion of market openness across industries including manufacturing industry of new energy automobiles, banking, security, and insurance. Foreign capitals are also encouraged to participate in the reform of State Owned Enterprises.