Reporter Wang Wenbo Source: Economic Information Daily 2019-12-19
From 190 to 37 items, the length of the negative list for foreign investment access in the pilot free w88 zone has been reduced by more than 80% in six years. China's door to opening up is opening wider and wider. A reporter from the "Economic Information Daily" learned that my country's opening up is still accelerating, and the continued relaxation of foreign investment access will become the key word for opening up in 2020. Among them, finance, telecommunications, medical care, education, elderly care and other fields are expected to usher in greater breakthroughs in foreign-owned holdings or sole proprietorships. At present, the free w88 pilot zone has begun to take the lead in carrying out institutional reforms in the liberalization and facilitation of w88 and investment, preparing for the implementation of foreign investment projects, and exploring the further reduction of the negative list.
The Central Economic Work Conference proposed that opening up to the outside world should continue to be wider, wider and deeper, strengthen the promotion and protection of foreign investment, and continue to reduce the negative list of foreign investment.
In fact, this is also the direction of my country’s opening-up efforts in the past year, and great breakthroughs have been made. From the review and approval of the Foreign Investment Law at the beginning of the year, to the release of two negative lists for foreign investment access in the national version and the free w88 zone version in the middle of the year, and the 2019 version of the Catalog of Industries to Encourage Foreign Investment, to the recently issued Opinions on Further Utilizing Foreign Investment (Guofa No. 23) and the "Implementation Regulations of the Foreign Investment Law of the People's Republic of China (Draft)" passed by the State Council executive meeting, my country has formed a "combination punch" in terms of stabilizing foreign investment.
Currently, various departments are still making final preparations for the implementation of the Foreign Investment Law, which will be officially implemented on January 1, 2020. The relevant details are expected to be released in the near future.
Sang Baichuan, Dean of the Institute of International Economics, w88 casinotold a reporter from the Economic Information Daily that the introduction of these detailed rules will not only guarantee the effectiveness of my country's basic laws in the field of foreign investment, but will also enable foreign investors to better enjoy the pre-establishment national treatment plus negative list management system, speed up the implementation of the open content in the terms, let the world see the speed and efficiency of China's opening up, and further boost the confidence of foreign investors in investing in China.
At the same time as the intensive release of favorable policies at the policy level, new breakthroughs have been made in the construction of open platforms represented by the free w88 pilot zones. In August 2019, on the basis of the original 12 free w88 pilot zones, the State Council approved a new batch of 6 free w88 pilot zones, and added the Lingang New Area of the Shanghai Pilot Free w88 Zone, forming a regional layout covering the east, west, south, north, and center, and piloting institutional reforms on a larger scale.
The reporter learned that the free w88 pilot zones are currently accelerating the implementation of the central government’s deployment of the “separation of certificates and licenses” reform in 18 pilot free w88 zones across the country, and are conducting more explorations in investment system reforms such as establishing a special tax system and building a free w88 account system to further reduce system costs.
Recently, Shaanxi, Guangxi, Shandong, Hebei, Yunnan and other pilot free w88 zones have released implementation plans for full-coverage pilots of the "separation of licenses and licenses" reform, accelerating the implementation of the "separation of licenses and licenses" pilot tasks, and at the same time, more explorations are being carried out in the reform of the investment system.
Among them, the Jiangsu Pilot Free w88 Zone has made great efforts to stimulate the vitality of market entities and optimize the foreign investment environment. In more than three months since its inception, 69 new foreign-invested enterprises have been registered in the Pilot Free w88 Zone, with actual utilization of US$384 million in foreign capital. Integrated circuits, life and health, artificial intelligence, etc. have become key areas, and high-quality industrial projects have continued to be introduced.
The Suifenhe Area of Heilongjiang Pilot Free w88 Zone focuses on the reform of "single window" cross-border foreign exchange payments, power business and other aspects, and has also been recognized by enterprises.
According to statistics, as of the end of November, 145 new domestic companies and 2 wholly foreign-owned enterprises have settled in the area, and 28,773 government service matters have been handled.
The reporter also learned that the Hainan Pilot Free w88 Zone (Port) is focusing on promoting w88 and investment liberalization and facilitation, and exploring the establishment of a financial and taxation policy and institutional framework that meets the requirements of all-round opening up to the outside world. Among them, specific plans are expected to be introduced in terms of special tax systems and offshore financial industry centers to promote cross-border investment facilitation with relatively innovative controls and a legal system that is in line with the world.
Analytics believe that with the advancement of the reform of the investment system and mechanisms in the pilot free w88 zone, conditions will be created for foreign investment to enter more fields, and it will also explore further relaxation of opening up areas nationwide.
It is worth noting that my country’s direction of further reducing the negative list is becoming increasingly clear. On the 17th, National Development and Reform Commission spokesperson Meng Wei revealed at a press conference that the next step will be to further expand opening up to the outside world. Next year, the negative list for foreign investment access will be revised again, allowing wholly foreign-owned enterprises to operate in more fields. No restrictions will be set outside the list to ensure the national treatment of foreign-invested enterprises. Continue to promote investment facilitation. Continue to deepen the reform of "delegating power, delegating regulation and optimizing services" in the field of utilizing foreign investment, improving the management system, simplifying the approval procedures, and providing good implementation services for foreign investment projects.
Taiping, associate researcher at the Institute of International Economics, w88 casinoIn an interview with a reporter from the Economic Information Daily, he said that the 2019 free w88 zone and the national negative list both focused on the service industry as the focus of opening up, and there is still room for the service industry to continue to expand opening up. The 2019 version of the free w88 zone negative list has a total of 37 special management measures, and the national version has a total of 40 special management measures, of which the service industry accounts for more than 70%.
“Continue to relax access restrictions in the service industry, attract high-quality foreign investment to enter, and introduce advanced international management experience in the service industry while introducing foreign investment, which can improve the quality of our country’s service industry, thereby enhancing the international competitiveness of the service industry.” Taiping suggested that my country can continue to shorten the negative list for foreign investment access and relax foreign investment access restrictions in the service industry on the premise of ensuring the safety of domestic industries.
"While reducing the negative list, we must continue to promote the improvement of the foreign investment business environment." Sang Baichuan suggested that we should effectively reduce administrative intervention, let the market play a decisive role in resource allocation, and improve the market-oriented business environment; we must pay close attention to It is time to improve the guiding opinions and rules for the implementation of the Foreign Investment Law to make them more operable and build a legalized business environment; we must also keep an eye on the changing trend of international investment rules, strengthen the connection with international investment rules under the conditions of great changes, and create an international business environment.
Ma Yu, director of the Foreign Investment Department of the Ministry of Commerce Research Institute, also told the Economic Information Daily reporter that while the negative list continues to be reduced, we must also pay attention to how much space is released by the expansion of market access. "Whether it is banking, telecommunications, or insurance, the entry threshold for foreign investment has become lower and lower, but we still need to work hard on quasi-business, improve, modify, and abolish relevant supporting measures to allow foreign investment to enter more fields." (Wang Wenbo)
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