Beijing to Add Foreign-related Services Section on Official Website to Provide One-stop Services for Foreign Investment

english.beijing.gov.cn
2022-01-06

To deepen the reform on international trade facilitation, Beijing will provide one-stop services for foreign investment and set up a "foreign-related services" section on its official website (www.beijing.gov.cn) to integrate the access to and guidelines for handling frequent requests from foreign enterprises, such as setting up enterprises and foreign exchange registration.

At the Press Conference on Trade and Investment Facilitation of Beijing's "Reform Version 5.0" for Improving Business Environment held on December 27, Bai Jiping, Director of Business Environment Coordination and Promotion Division of Beijing Municipal Commerce Bureau, stated that Beijing Municipal Commerce Bureau, together with relevant departments and districts, will continuously implement the national policy and deployment for opening up at a higher level. It will utilize the development of the Integrated National Demonstration Zone for Further Opening up the Services Sector and China (Beijing) Pilot Free Trade Zone (the "Two Zones" for short) and spearhead pilots to dovetail with advanced international free trade rules, promote trade and investment liberalization and facilitation, as well as create a fair, transparent and predictable international business environment.

Beijing Municipal Commerce Bureau has continued to improve investment and trade facilitation in recent years. The Measures of Beijing Municipality for Managing Complaints Lodged by Foreign-Invested Enterprises is revised and released, while the Multiple Measures of Beijing Municipality for Further Stabilizing Foreign Investment is also announced to further improve investment facilitation and promote foreign investment from the seven aspects, i.e. opening wider to the world, gathering global high-end and quality resources, optimizing the development environment for foreign-invested enterprises, providing better life services for foreign investors, encouraging the combination of promoting investment and attracting talents, upgrading foreign investment promotion services, as well as strengthening the protection of the rights and interests of foreign-invested enterprises.

From January to November 2021, Beijing registered 1,713 new foreign-funded enterprises, up 53.2 percent year-on-year. Contracted foreign investment was USD 37.5 billion, an increase of 130 percent year-on-year, and the actual utilization of foreign investment totaled USD 15.16 billion, up 9.7 percent year-on-year.

(Source: Beijing News)

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