At the meeting of the Political Bureau of the CPC Central Committee in April this year, it was emphasized that attracting foreign investment should be put in a more important position, and that the basic plate of foreign trade and foreign investment should be stabilized. Recently, the State Council issued the Opinions on Further Optimizing the Foreign Investment Environment and Strengthening Efforts to Attract Foreign Investment. The Information Office of the State Council held a regular briefing on State Council policies on August 14 to introduce the continued deepening of reform and opening up, and effectively optimize the business environment.
Q: What are the main features of the Opinions on Further Optimizing the Foreign Investment Environment and Strengthening Efforts to Attract Foreign Investment?
A:
First, expanding the breadth and depth of opening up to the outside world. For example, it has increased the comprehensive pilot demonstration of opening up of the service industry for early and pilot implementation; encouraged foreign-invested enterprises and the R&D centers they set up to undertake major scientific research projects; established and improved the foreign exchange management facilitation system for qualified overseas limited partners, and supported the direct development of domestic-related investments with the overseas RMB raised, and so on.
The second is to enhance the level of investment and business facilitation. For example, it will provide foreign executives and technicians of foreign-invested enterprises and their family members with entry/exit and stop-residence convenience; establish green channels for qualified foreign-invested enterprises and efficiently carry out out security assessment of important data and personal information out of the country; carry out special inspections to ensure the fair participation of business entities in government procurement activities; promote the public disclosure of information in the entire process of standardization and revision, and support foreign-invested enterprises to participate in standard-setting work on an equal footing in accordance with the law; and improve the rapid coordination of intellectual property rights. standardization; improve the mechanism for rapid and coordinated protection of intellectual property rights, and expedite the handling of cases with clear facts and solid evidence in accordance with the law.
Thirdly, we will increase the efforts to guide foreign investment. For example, supporting regions to implement supporting incentives for foreign-invested enterprises in line with the provisions of the Catalogue of Industries for Encouraging Foreign Investment within the scope of statutory authority; supporting foreign-invested enterprises in advanced manufacturing and other fields to carry out vocational education and training with vocational colleges and vocational training institutes; and researching and innovating innovative cooperative purchasing methods to support foreign-invested enterprises to innovate and research and develop globally leading products in China through measures such as the first-purchase subscription.
Fourthly, we will strengthen the work of foreign investment promotion and service guarantee. For example, it will establish a sound round-table system for foreign-invested enterprises; encourage regions to explore more effective and flexible employment mechanisms and remuneration systems for non-civil service and non-career positions in foreign-invested investment promotion departments and teams, so as to strengthen foreign-invested investment promotion personnel; and do a good job of issuing visas for certificates of origin under free trade agreements, so as to facilitate the enjoyment of tariff reductions and exemptions for foreign-invested enterprises, among other things.
Q: What initiatives will MOFCOM take to promote foreign investment in the second half of the year?
A:
First, we will continue to organize the “Invest in China Year” investment promotion activities. In the second half of the year, we will continue to build the brand of “Invest in China”, and the activities of “Invest in China Year” will be more exciting; there are two other important activities in September, one of which is the opening up of the service sector during the Services and Trade Expo held in Beijing, which will be organized by the Ministry of Commerce to promote the opening up of the service sector; Secondly, during the Xiamen Investment and Trade Fair, the Ministry of Commerce will hold a keynote forum on the “Year of Investing in China” and a special promotion in Fujian. Later, during the Import Expo held in Shanghai in November, a series of activities will be held such as the “Invest in China Year” Summit and the Pilot Free Trade Zone Promotion.
Secondly, the Ministry of Commerce will coordinate the resources for foreign investment promotion. The Ministry of Commerce will fully mobilize all aspects of strength, make good use of various types of economic and trade fairs, Pilot Free Trade Zones, national development zones and other carriers and platforms, to provide support for local investment promotion, and guide the local continued to carry out the promotion of foreign investment in a strong and orderly manner.
Third, optimize the way of foreign investment promotion. Guiding localities to actively explore and boldly innovate, using industrial chain investment, business investment and other ways to carry out foreign investment promotion activities in a more targeted manner, combining investment attraction with “stabilizing and supplementing the chain and strengthening the chain”, and combining it with “attracting talents and technology”, to bring in a number of enterprises to supplement the shortcomings and strengthen the advantages. The company will combine investment promotion with “stabilizing and supplementing chains and strengthening chains” and “attracting talents, wisdom and technology”, so as to bring in a batch of high-quality foreign investment to make up for shortcomings and strengthen advantages. It will guide localities to establish and improve evaluation systems for the effectiveness of foreign investment promotion, and pay more attention to the actual contribution of attracted investment to economic and social development.
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Post time: Aug-16-2023