According to the Chinese government website, a few days ago, the General Office of the State Council issued the "Action Plan for Firmly Promoting High-level Opening-up and Attracting and Utilizing Foreign Capital", which proposed to facilitate the exchange of international business people. It is convenient for foreign businessmen to apply for visas to China. For managers and technicians of foreign-invested enterprises and their accompanying spouses and minor children, the validity period of visas is relaxed to two years. Accelerate the recovery of the number of international flights in key aviation hubs such as Beijing, Shanghai and Guangzhou.
A quick glance at the main points
● Reasonably reduce the negative list of foreign investment access. Completely cancel the restrictions on foreign investment access in the manufacturing sector.
● Piloting the relaxation of foreign investment access in the field of scientific and technological innovation.
● For eligible reinvested enterprise projects, imported self-use equipment shall be exempted from customs duties.
● Support qualified foreign-invested enterprises to issue RMB bonds for financing in China.
● Ensure the reasonable energy demand of foreign-funded projects without discrimination.
● Expand the industrial catalogue and list of foreign-funded projects to encourage foreign investment.
● Facilitate the introduction of foreign talents to work, stop living and stay permanently in China.
expand market access
Reasonably reduce the negative list of foreign investment access
We will improve the national treatment plus negative list management system before foreign investment access, completely abolish the restrictions on foreign investment access in the manufacturing sector, and continue to promote the expansion and opening up of telecommunications, medical care and other fields.
Piloting the relaxation of foreign investment access in the field of scientific and technological innovation
● Beijing, Shanghai, Guangdong and other free trade pilot zones are allowed to select a number of qualified foreign-invested enterprises to conduct pilot projects in the development and application of gene diagnosis and treatment technologies.
● Support the opening-up measures in areas such as information services (limited to application stores) to achieve better results in the free trade pilot zone.
Expand the access of foreign financial institutions in the field of banking and insurance.
● Under the premise of ensuring safety, efficiency and stability, support qualified foreign-funded institutions to carry out bank card clearing business according to law.
● Deepen the opening of commercial pension insurance, health insurance and other industries, and support qualified overseas professional insurance institutions to invest and set up or participate in insurance institutions in China.
Expand the business scope of foreign financial institutions participating in the domestic bond market.
● Optimize relevant procedures for foreign financial institutions to participate in the domestic capital market, and further facilitate foreign financial institutions to participate in the China bond market.
● Support qualified foreign-funded financial institutions to participate in domestic bond underwriting as required.
● Study and steadily promote more qualified foreign banks to participate in the pilot trading of treasury bonds futures.
In-depth implementation of the domestic investment pilot of qualified overseas limited partners
● Expand the pilot scope of qualified overseas limited partners, standardize the requirements of qualified overseas limited partners to manage enterprises and funds in terms of registered capital and shareholders, and broaden the scope that funds can invest.
● Improve the management measures for private equity fund services, encourage foreign investors to set up private equity funds and carry out various investment activities according to law.
Strengthen the policy.
Expand the catalogue of industries and the list of foreign-funded projects that encourage foreign investment.
● The catalogue of industries in which foreign investment is encouraged throughout the country will increase its support for advanced manufacturing, high-tech, energy conservation and environmental protection, and the catalogue of industries with foreign investment advantages in the central and western regions will increase its support for basic manufacturing, applicable technologies and people’s livelihood consumption.
● Actively support foreign-funded projects in the fields of integrated circuits, biomedicine and high-end equipment to be included in the list of major and key foreign-funded projects, and allow them to enjoy corresponding support policies.
Implement tax support policies
● Foreign-invested enterprises can enjoy the tariff exemption policy for imported equipment for their own use if the projects invested by reinvested enterprises in China meet the requirements of encouraging foreign investment industries.
● Implement relevant preferential tax policies for foreign investors to invest in financial markets such as China bond market.
Increase financial support.
● Encourage financial institutions to provide high-quality financial services and financing support for qualified foreign-funded projects in accordance with the principle of marketization.
● Support qualified foreign-invested enterprises to issue RMB bonds for financing in China and use them for domestic investment projects.
● Promote the implementation of foreign exchange management facilitation policies for cross-border trade and investment, and continuously improve the convenience of foreign exchange business of foreign-invested enterprises.
Strengthen energy use guarantee
● Improve the regulation of total energy consumption and intensity, focus on controlling fossil energy consumption, implement policies such as excluding raw material energy consumption and non-fossil energy consumption from total energy consumption and intensity control, and ensure the reasonable energy demand of foreign-funded projects without discrimination.
● Accelerate the promotion of green certificate transactions and inter-provincial green electricity transactions to better meet the green electricity demand of foreign-invested enterprises.
Support the central, western and northeastern regions to undertake industrial transfer.
● Encourage the central, western and northeastern regions to give full play to local comparative advantages, and formulate policies and measures to reduce the costs of land, energy, labor and logistics for manufacturing enterprises according to local conditions.
● Plan and integrate key development zones in the central, western and northeastern regions, carry out industrial transfer cooperation with foreign investment in pairs with the eastern region, and establish and improve the mechanism and implementation rules for project promotion, cadre exchange and revenue sharing.
Optimize the level playing field
Clean up acts and policies and measures that violate fair competition
● Deal with the discriminatory behaviors of foreign-invested enterprises in government procurement, bidding, qualification licensing, standard setting and subsidies reflected by business entities in a timely manner, and notify the responsible entities and make rectification within a time limit.
● Accelerate the formulation and promulgation of standards for government procurement of domestic products, and treat products that meet the standards produced by domestic and foreign-funded enterprises equally and equally in government procurement activities. Comprehensively clean up policies and measures that hinder unified market and fair competition.
Improve the bidding system
● Accelerate the revision of the bidding law.
● Organize special treatment of outstanding problems in the field of bidding and tendering, focus on correcting problems that are strongly reflected by a number of business entities, and break unreasonable restrictions that restrict enterprises of all ownership to participate in bidding and tendering on an equal footing.
● Formulate fair competition review rules in the field of bidding, strengthen the rigid constraints of fair competition review, and avoid issuing policy documents that exclude and restrict fair competition.
Fair participation in standard formulation and revision
● Support foreign-invested enterprises to participate in advanced manufacturing, engineering materials, information and communication standardization technical committees or related standardization organizations under the same conditions, and participate in the formulation and revision of standards on an equal footing according to law.
● Publicize national standard information in a timely manner to improve the transparency and openness of standardization work.
Improve the scientific level of administrative law enforcement
Strictly implement the publicity system of administrative law enforcement, strictly implement the list of administrative inspection items, resolutely avoid repeated inspections, promptly correct irregular administrative law enforcement behaviors, and gradually implement off-site supervision characterized by remote supervision, early warning and prevention.
Continue to build the brand of "Investing in China"
● Relying on important exhibition platforms, we will carry out key investment promotion activities of "Investing in China" to show overseas investors China’s high-quality business environment and investment opportunities in all directions.
● Establish and improve the working mechanism, give full play to the role of foreign embassies and consulates as business organizations, support the combination of "going out" and "please come in" in local areas, and carry out investment promotion in a normal way.
● Organize international industrial investment cooperation and docking activities to promote more project negotiation and signing.
Strengthen the service of foreign-invested enterprises
● Make good use of platforms such as round tables of foreign-funded enterprises, deepen normalized exchanges with foreign-funded enterprises, foreign chambers of commerce associations and international organizations, respond to the concerns of all parties in a timely manner, and provide targeted service guarantees.
● Improve the inter-departmental coordination mechanism for complaints of foreign-invested enterprises at all levels, improve the direct contact system of foreign-invested enterprises, smooth communication channels, and timely understand and promote the resolution of problems and reasonable demands reflected by foreign-invested enterprises.
● Implement the information reporting system for foreign investment and continuously promote departmental data sharing. Foreign-invested enterprises shall not be required to submit the information that can be obtained through departmental information sharing.
Smooth the flow of innovation factors
Support foreign-invested enterprises and headquarters data flow
● Standardize data cross-border security management, organize data exit security assessment, standardize personal information exit standard contract filing and other related work, and promote the safe and orderly cross-border flow of data such as R&D, production and sales of foreign-invested enterprises.
● Formulate standards for cross-border data transfer in Guangdong-Hong Kong-Macao Greater Bay Area, establish a cross-border data flow mechanism for enterprises in Hong Kong and Macao based on major cooperation platforms such as Hengqin Guangdong-Macao Deep Cooperation Zone and Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, explore the establishment of a "white list" system for cross-border data flow, and steadily promote the convenient data flow in Guangdong-Hong Kong-Macao Greater Bay Area.
Facilitate the exchange of international business personnel
● It is convenient for foreign businessmen to apply for visas to China. For managers and technicians of foreign-invested enterprises, their accompanying spouses and minor children, the validity period of visas is relaxed to two years.
● Accelerate the recovery of the number of international flights in key aviation hubs such as Beijing, Shanghai and Guangzhou.
Optimize the management of foreigners’ work and residence permits in China.
● Optimize the procedures for foreigners’ work permits and work-related residence permits in China, and adopt the method of "one-stop acceptance and parallel approval" to form a faster and more efficient approval mechanism.
● Strengthen departmental coordination to facilitate the introduction of foreign talents to work, stop residence and stay permanently in China.
Support domestic and foreign institutions to cooperate and innovate.
We will further implement the international scientific and technological cooperation plan under the new situation, and support foreign-invested enterprises, foreign-funded R&D institutions and multinational companies established in China to participate in national key R&D plans, major national science and technology projects and other national science and technology projects on an equal footing.
Improve domestic regulations
Strengthen the protection of intellectual property rights
● Dock international high-standard intellectual property rules, improve intellectual property protection regulations, speed up the construction of a national intellectual property protection information platform, strengthen the construction of a trade secret protection system, and thoroughly implement the work plan for administrative protection of intellectual property rights.
● Focus on key areas and key links, and increase the protection of intellectual property rights of foreign-invested enterprises.
● Intensify the investigation and punishment of IPR infringement cases, and resolutely crack down on and punish IPR infringement of foreign-invested enterprises.
Improve the rules of cross-border data flow.
● Scientifically define the scope of important data.
● Fully and deeply participate in the e-commerce negotiations of the World Trade Organization, and accelerate the construction of global digital trade rules.
● Explore the pilot project of cross-border data flow with the members of the Digital Economy Partnership Agreement, accelerate the establishment of cooperation mechanisms for cross-border data flow with major economic and trade partner countries and regions, and promote the construction of a multi-level global digital partnership network.
Actively promote the negotiation and implementation of high-standard economic and trade agreements
● Actively promote China’s accession to the Comprehensive and Progressive Trans-Pacific Partnership Agreement and the Digital Economy Partnership Agreement, take the initiative to promote domestic reforms in related fields in accordance with relevant rules, regulations, management and standards, and promote the inclusion of some high-standard economic and trade rules in the arrangement of establishing closer economic and trade relations between the mainland and Hong Kong and Macao.
● Promote the negotiation and signing of free trade agreements with more countries and regions, and expand the global network of high-standard free trade zones.
Intensify the pilot project of docking international high-standard economic and trade rules
● Give full play to the leading role of the national service industry in expanding and opening up the comprehensive demonstration zone, accurately meet the needs of industrial development, take the lead in building an open service system that is in line with international high-standard economic and trade rules, and timely connect with the comprehensive pilot zone for expanding and opening up the service industry.
● Support the conditional free trade pilot zone and Hainan Free Trade Port to base themselves on the national conditions, connect with international high-standard economic and trade rules, and take the lead in exploring and implementing the results of negotiations in the fields of domestic regulation of service trade, investment facilitation and digital trade of the World Trade Organization. Continue to slide to see the next touch to read the original text.
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Original title: "State Council: Promoting the Accelerated Resumption of International Flights in Key Aviation Hub such as Beijing, Guangzhou and Shanghai"
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