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Beijing Deepens Service Industry Opening Expansion Pilot Program (Authorized Statement)
Proposal of 26 innovative measures of the dimensions of key areas of the industry, key parks, institutional systems and supply of elements.
Strive to form a demo in four areas, more experience can be copied and promoted
Beijing, September 11 (Reporter Luo Shanshan) The State Council recently approved the “Work Plan to deepen the new round of Beijing comprehensive pilot areas for the expansion of the service industry to build a comprehensive demonstration zone for the expansion of the service industry in Beijing. ” On the 11th, the Information Office of the State Council regularly held a policy briefing to present the situation.
“Opening up the service industry is an important part of China’s comprehensive opening up.” Wang Shouwen, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, presented that the comprehensive pilot program to expand the opening of the service industry in Beijing has been carried out for 3 rounds and has been carried out for 5 years. By stepping up pioneering and testing efforts, we can better play a leading role in opening up the national service industry. The work plan proposes 26 open innovation measures based on the dimensions of key industries, key parks, institutional systems and supply of elements.
Further relax restrictions on access to foreign investment. In the field of financial services, priority is given to allowing multinational companies to establish wholly foreign-owned financial companies in Beijing; in the field of culture, foreign investment is allowed in cultural performance groups in the relevant regions; in the field of education, foreign investment is encouraged in adult education and training institutions and foreign investment is supported. Institutions for operational training in professional skills.
Cross-border cash flow is more convenient. Enables the implementation of pilot projects to facilitate the payment of income for capital projects throughout the city of Beijing; explores the implementation of a pilot project for the integration of national and foreign currencies in cross-border equity funds; launches pilot projects for the integration of national and foreign currencies in specific regions; and provides foreign exchange settlement for foreign employees of China-funded institutions in Beijing Facilitation Policies, etc.
Support for talent continued to grow. For example, in terms of innovation and entrepreneurship, foreigners can start companies or participate in national companies with their permanent residence identification cards. In terms of comprehensive security, it provides the convenience of entry and exit for high-level talent abroad.
Yang Jinbai, deputy mayor of Beijing, said he is striving to form a demonstration in four areas and form more replicable and popularized experiences for the country. The first is to focus on exploration and innovation in key areas and strive to model it in an open pattern dominated by the service industry. The second is to focus on the parallel developments in “industry opening + park opening” and strive to form a demo in the open mode. The third is to focus on building a long-term mechanism and strive to form a model in an open environment such as the institutional innovation system and the supply of items. The fourth is to focus on promoting joint innovation of the expansion of the service industry and the construction of the pilot free trade zone, and strive to shape a model in the opening mechanism.
The plan proposes to strive to basically complete the service industry opening and expansion policy system with the focus on trade and investment facilitation by 2025; By 2030, achieve free and convenient trade, investment, cross-border capital flow and talent employment. Convenient transportation and safe and orderly data flow.
“People’s Daily” (Version 02, September 12, 2020)
