Opinions on further making good use of Foreign Capital issued by the State Council
Beijing, 7 Nov (Xinhua) the State Council recently issued "opinions on further making good use of Foreign Capital" (hereinafter referred to as "opinions"), signed and approved by Premier Li Keqiang.
The "opinion" points out that it is necessary to take Xi Jinping's thought of socialism with Chinese characteristics in the new era as a guide, implement the decision-making arrangements of the CPC Central Committee and the State Council on stabilizing foreign investment, and combine the new situation, new characteristics, and new challenges facing China's utilization of foreign capital. Taking stimulating market vitality and boosting investment confidence as the starting point, focusing on ensuring the national treatment of foreign-invested enterprises, and focusing on creating an open, transparent and predictable environment for foreign investment, we will continue to deepen the reform of "release, management and clothing". We will further do a good job in the utilization of foreign capital. The opinions put forward a total of 20 policy measures in four aspects.
First, we will deepen opening up to the outside world. We will continue to reduce the negative list of foreign investment access in the country and free trade pilot areas, comprehensively clean up and abolish restrictions that are not included in the negative list, speed up the process of opening up the financial industry, optimize foreign investment policies in the automotive sector, and create a fair business environment.
The second is to increase the intensity of investment promotion. We will optimize the scientific and technological innovation services of foreign-invested enterprises, raise the level of construction of free trade pilot zones, improve the quality of attracting investment on the open platform of state-level economic and technological development zones, and give priority to setting up a number of comprehensive bonded areas in the central and western regions.
Third, deepen the reform of investment facilitation. Reduce the cost of cross-border use of funds, improve the convenience of foreigners to work in China, and optimize the procedures for the examination and approval of planning and land use for foreign-funded projects.
Fourth, protect the legitimate rights and interests of foreign investment. We will fully implement the Law on Foreign Investment, establish and improve institutions for accepting complaints from enterprises with foreign investment, strengthen the standardization of the implementation of regulatory policies, improve the transparency in the formulation of administrative normative documents, and give full play to the important role of judicial protection of intellectual property rights. We will improve the working mechanism for the protection of intellectual property rights, encourage foreign-invested enterprises to participate in the formulation of standards for medical devices, food and drugs, and ensure that suppliers participate in government procurement equally in accordance with the law.
The "opinions" stressed that all localities and departments should fully understand the important significance of further doing a good job in the utilization of foreign capital, improve their position, take the initiative, strive for practical results, and pay close attention to the implementation of various policies and measures.