Will China push ahead with its opening up with greater determination?

A few days ago, the National Development and Reform Commission and other six departments jointly issued the Opinions on Guiding the Healthy Development of Overseas Investment and Financing Funds. Yan Pengcheng said that foreign investment and financing funds are a powerful starting point for promoting the Belt and Road construction and international capacity cooperation, an effective way for financial innovation to support enterprises to go global, and an important financial carrier for China to expand its opening up and accelerate the cultivation of new advantages in the international economy and competition. The Opinions aim to promote the formation of a new pattern of all-round opening to the outside world, insist that the market plays a decisive role in resource allocation, and continuously improve the quality and level of the overall opening of foreign investment and financing funds by encouraging the establishment and operation innovation of foreign investment and financing funds.

Yan Pengcheng said that greater measures will be taken to improve the foreign investment environment. First, accelerate the creation of a level playing field. In terms of qualification licensing, government procurement, standard formulation, "Made in China 2025" policy, scientific and technological projects, listing and registration of enterprises, etc. Domestic and foreign-funded enterprises are treated equally.

The second is to focus on improving the level of investment facilitation. We will fully implement the national treatment plus negative list management system before foreign investment access, and simplify the management procedures other than negative list. We will fully implement the "single window and single form" for industrial and commercial registration and filing of foreign-invested enterprises. Docking international standards has greatly shortened the time for starting a business, handling construction permits and cross-border trade. The third is to continuously strengthen the construction of the rule of law environment. Strengthen the enforcement of intellectual property rights and protect the legitimate rights and interests of foreign investment. Accelerate the formulation of the basic law on foreign investment, and determine the basic systems of investment protection, investment promotion, fair competition and investment management in legal form. The content comes from China Economic Net.