(Source: "Guangming Daily" (2025-03-18 11 Theoretical Edition)
Utilizing w88 casino games capital is an important part of my country's open economic system. In recent years, the country has successively issued a series of investment policies, including the "Opinions of the State Council on Further Optimizing the w88 casino games Investment Environment and Increasing Attraction of w88 casino games Investment," "Action Plan to Solidly Promote High-level Opening to the Outside World and Make Greater Efforts to Attract and Utilize w88 casino games Investment," "Special Management Measures for w88 casino games Investment Access (Negative List) (2024 Edition)" and "Measures for the Management of Strategic Investments by w88 casino games Investors in Listed Companies," etc., to optimize the w88 casino games investment environment from multiple dimensions to attract w88 casino games investment inflows. my country's w88 casino games investment utilization model has shifted from purely pursuing quantitative growth to paying more attention to the improvement of quality and efficiency. It has strong momentum and remarkable results in attracting w88 casino games investment in high-tech fields.
In order to further improve the work of stabilizing w88 casino games investment in 2025, the Ministry of Commerce, the National Development and Reform Commission and relevant departments, on the basis of the "24 w88 casino games Investment Articles" and other existing policies, will expand independent opening up in an orderly manner and improve investment promotion. It further proposed 20 policy measures in four aspects, including improving the level of w88 casino games investment, enhancing the efficiency of open platforms, and increasing service guarantees, forming the "2025 Action Plan to Stabilize w88 casino games Investment" (hereinafter referred to as the "Plan"), which was officially announced on February 19. The promulgation and implementation of these measures aims to stabilize the stock of w88 casino games capital, promote the increase of w88 casino games capital, enhance the confidence of w88 casino games capital in investing in China, and help high-quality development of the Chinese economy through practical measures. By interpreting the various measures in the "Plan" and combining it with my country's existing policies to stabilize w88 casino games investment, we can observe the new characteristics and trends in my country's stabilization of w88 casino games investment. As various measures come into effect, a China committed to high-quality development and firm openness and cooperation will inject more confidence and power into the world and bring more new opportunities for win-win cooperation.
Accelerate the comprehensive pilot work to expand the opening up of the service industry
In addition to areas where policies have continued to emphasize investment in recent years, such as high-tech manufacturing, the "Plan" specifically proposes to "support the pilot areas in promoting and implementing the open pilot policies in the fields of value-added telecommunications, biotechnology, and wholly w88 casino games-owned hospitals. "Specialized" tracking services will be provided for w88 casino games business negotiation projects to coordinate and resolve problems in a timely manner and promote the early implementation of projects. We will further expand the opening-up pilot in the telecommunications and medical fields in a timely manner." This move sends a positive signal for the further opening up of the telecommunications, medical and other service industries.
Expanding the opening up of the telecommunications industry to the outside world is an important measure to further comprehensively deepen reform and promote institutional opening up. The degree of opening up of the telecommunications industry has an important impact on the international competitiveness and development potential of my country's telecommunications business. In 2024, the Ministry of Industry and Information Technology and relevant departments formulated the "Notice on Carrying out Pilot Work on Expanding the Opening-up of Value-Added Telecommunications Services", and piloted the cancellation of w88 casino games shareholding ratio restrictions on many businesses such as Internet Data Centers (IDCs) in Beijing, Shanghai, Hainan, and Shenzhen. Important investment policy documents such as the "Action Plan for Solidly Promoting High-level Opening to the Outside World and Making Greater Efforts to Attract and Utilize w88 casino games Investment" clearly state that "continue to promote the expansion of opening up in fields such as telecommunications and medical care." Thanks to the continuous promotion of a series of relevant policies, as of the end of 2024, 2,343 w88 casino games-funded companies have been approved to operate telecommunications services in China. The "Plan" proposes to further expand the pilot opening of the telecommunications field in a timely manner, which is a further supplement to the opening-up policy of the telecommunications industry. It has far-reaching strategic significance for promoting the iterative upgrading of cutting-edge technologies such as cloud computing and the Internet of Things in my country, promoting the deep integration of the telecommunications industry into the global industrial chain, and serving the construction of a new development pattern.
Provide new impetus for expanding the supply of medical services. In November 2024, the "Pilot Work Plan for Expanding the Opening-up of the Wholly-Owned Hospital Sector" proposed that "wholly w88 casino games-owned hospitals (excluding traditional Chinese medicine, excluding mergers and acquisitions of public hospitals) are allowed to be established in Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen and the entire island of Hainan." As people's demands for medical and health care take on new characteristics such as multi-level, diversification and internationalization, wholly w88 casino games-owned hospitals will provide new paths and options to meet the medical needs of Chinese residents, further enhance the diversity of medical services, and help promote the modernization and internationalization of my country's medical and health system.
From the perspective of guiding investment direction, the areas for further expansion of opening-up pilots are all industries with large market scale and huge growth potential in my country, which reflects the country’s great importance to the inflow of w88 casino games capital in strategic and forward-looking industries. As my country's economic transformation and upgrading accelerates, especially in the context of high-quality development of the manufacturing and service industries, the National Development and Reform Commission and the Ministry of Commerce will revise and launch a new version of the Catalog of Industries Encouraging w88 casino games Investment in 2025 to further guide w88 casino games-invested enterprises to invest more in key areas such as advanced manufacturing, modern service industries, high-tech, energy conservation and environmental protection, and provide better policy support for stabilizing w88 casino games investment.
Increase support for domestic reinvestment of w88 casino games-funded enterprises
The "Plan" proposes to "study and formulate policies and measures to encourage domestic reinvestment by w88 casino games-funded enterprises and promote more of the profits earned by w88 casino games-funded enterprises in China to be reinvested. Launch a pilot project for reporting domestic investment information by w88 casino games-funded enterprises." Domestic reinvestment by w88 casino games-funded enterprises refers to the reinvestment by w88 casino games-funded enterprises with additional investment and retained profits during a certain period, including the reinvestment of physical assets and intangible assets. It is one of the important sources of attracting w88 casino games direct investment in my country. Generally speaking, when a country's w88 casino games capital stock reaches a certain level, it is easier to promote the conversion of existing w88 casino games capital than to find incremental w88 casino games capital. The "Notice on Expanding the Applicable Scope of the Policy of Temporarily Exempting Withholding Income Tax on Direct Investment by w88 casino games Investors Distributing Profits" issued in 2018 is an important measure to encourage w88 casino games-invested enterprises to reinvest retained profits through tax deferral. Since the implementation of this policy, the reinvestment of profits by w88 casino games-funded enterprises has performed well. From 2018 to 2023, the cumulative amount of tax-deferred reinvestment by w88 casino games-funded enterprises in my country has reached 660.3 billion yuan, and the effect of attracting reinvestment by w88 casino games-funded enterprises has begun to appear. The introduction of the "Plan" is also a measure to attract reinvestment by w88 casino games-funded enterprises and has important practical relevance. On the one hand, it can improve the efficiency of w88 casino games capital circulation in China; on the other hand, by carrying out pilot projects for reporting domestic investment information by w88 casino games-funded enterprises, it will help regulatory authorities more accurately grasp the investment trends of w88 casino games-funded enterprises and provide data support for subsequent policy optimization.
Support w88 casino games investment companies to use domestic loans
The "Plan" proposes to "allow w88 casino games-invested companies to use domestic loans to carry out equity investments, increase policy publicity and interpretation, and provide convenience for multinational companies to invest in and establish headquarters institutions in China." The original policy framework had relatively strict restrictions on the use of funds for domestic loans by w88 casino games-funded enterprises. After this policy adjustment, w88 casino games-funded enterprises can use domestic financial resources more flexibly and expand their business layout. Based on the exchange rate changes in recent years, the central parity rate of RMB against the US dollar has climbed from 6.3794 at the beginning of 2022 to 7.1884 at the end of 2024, prompting w88 casino games-funded enterprises to be more inclined to use low-interest currencies such as RMB for financing to repay debts in high-interest currencies such as US dollars. In this context, this measure will effectively reduce the exchange rate risks and financing costs faced by w88 casino games-funded enterprises in the financing process, enhance the flexibility of their funds in my country, and ultimately promote the establishment of regional headquarters by w88 casino games-funded enterprises in China to drive more high-quality w88 casino games investment, thereby promoting higher-level economic cooperation and development.
Further safeguard the fairness and transparency of market rules
The "Plan" proposes to "continue to optimize the business environment and effectively implement the national treatment of w88 casino games-invested enterprises", "formulate and issue relevant documents as soon as possible to clarify the standards for government procurement of domestic products, and ensure that products produced by enterprises of different ownerships in China can equally participate in government procurement activities", "encourage w88 casino games-invested enterprises to carry out intellectual property registration, and resolutely crack down on infringement of the intellectual property rights of w88 casino games-invested enterprises in the import and export links." These measures will help further promote the optimization of my country's market environment and accelerate the construction of a high-level socialist market economic system.
Judging from international investment experience, whether the host country government can provide a stable, predictable and fair market environment is one of the key factors in attracting multinational companies to make initial investment or reinvestment. In order to better leverage our country's market advantages, in December 2024, the National Development and Reform Commission issued the "Guidelines for the Construction of a National Unified Large Market (Trial)". In January 2025, the General Office of the State Council issued the "Opinions on Strictly Regulating Enterprise-Related Administrative Inspections", which made systematic and comprehensive regulations on enterprise-related administrative inspections, proposing to "strengthen administration according to law, ensure that administrative inspections are legally based, strictly standardized, fair and civilized, precise and efficient, and further optimize the business environment." The relevant measures in this "Plan" are actually a continuation of the policy. By continuously optimizing the business environment and implementing national treatment, we will establish a legal framework to protect the legitimate rights and interests of w88 casino games-invested enterprises, reduce the tendency of capital outflow caused by policy uncertainty, and enhance the confidence of w88 casino games-invested enterprises in the Chinese market.
Author: Fan Libo, researcher at Beijing Institute of Opening up, w88 casino
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