Guiding Principles
Adhere to integrity and innovation, play a guiding and exemplary role, deepen system integration, and strengthen risk prevention and control.
Main Tasks
(I) To promote deeper reform and wider opening-up in key areas of the services sector in:
1. Telecommunications
2. Healthcare
3. Finance
4. Culture and education
5. Professional services
Foreign equity ratio restrictions are to be lifted on value-added telecommunications and information services (app stores only, online publishing services not included) and Internet access (only for providing Internet access services to users) in Beijing, with consideration to further expand the opening-up of value-added telecommunications services at an appropriate time.
The industries around traditional Chinese medicine and healthcare will receive development support through an acceleration of risk assessment and quarantine access to bovine-derived Chinese medicinal materials, such as bovine bezoar, in countries (regions) without the ban on mad cow disease epidemic (or bovine spongiform encephalopathy (BSE).
The establishment of a trust property registration mechanism for real estate and equity as trust property will be explored based on improved risk control.
Support will be provided to audio-visual program service institutions to introduce outstanding overseas works of film and television while optimizing and standardizing the management and provision of services for important online audio-visual platforms.
The authority to examine and approve foreign-funded performance and entertainment venues and Internet service locations will be delegated to the districts.
Eligible foreign nationals will be permitted to engage in consulting services in securities investment and futures trading.
(II) To explore rules and regulations for emerging business formats
6. Promoting the development of international rules for the digital economy
7. Promoting the development and utilization of data resources
8. Optimizing financial service models and management instruments
9. Advancing the green, low-carbon, circular, cost-effective development of financial services
Support Beijing to develop an advanced zone for basic data systems and promote the establishment and enhancement of systems for data property rights, data element circulation and trading, data element income distribution, and data element governance.
Efforts will be made to improve data ownership registration and the evaluation mechanism for data assets along with an exploration on including data assets in the asset management system.
Business scenarios such as autonomous driving and data trading will receive full-chain "sandbox supervision" and inclusive innovation.
The establishment of cross-border data service centers and technical service platforms will focus on providing full-chain third-party services in security governance, monitoring and auditing, and system certification.
Support will be provided for the establishment of data circulation service windows for transnational institutions with priority to ensuring the safe and compliant cross-border transmission of data within the group through compliance services.
Research on exchange-traded funds (ETFs) will be conducted and followed promptly by their introduction (at the Beijing Stock Exchange).
All funds related to foreign investors that are true and compliant may be freely transfer into and out of the country without delay, in accordance with laws and regulations.
Support will be provided to the China Beijing Green Exchange as it builds a national unified voluntary greenhouse gas emission reduction trading center and gradually expands its trade product line.
Support will be provided to Beijing for the development of environmental, social, and governance (ESG) assessment standards, and enterprises will be encouraged to voluntarily abide by the principles of corporate social responsibility consistent with international standards and guidelines in the field of environment.
(III) To optimize institutional arrangements for trade and investment
10. Exploring a system of rules compatible with the innovative development of service trade
11. Continuously reducing trade costs and barriers
12. Optimizing the service models that oversee cross-border trade
13. Facilitating cross-border capital flows
14. Helping enterprises "go global"
Support will be provided for the pilot export of low-Earth orbit satellites by private enterprises.
Efforts will be made to promote the reform of foreign debt registration and management methods and explore the handling of non-financial enterprises’ foreign debt by banks.
The pilot programs for integrated domestic and foreign currency pooling for multinational corporations will be expanded to explore and optimize quota management and enhance the efficiency of pooling operations.
Efforts will be made to explore and optimize the balance management model of Qualified Domestic Limited Partner (QDLP) and Qualified Foreign Limited Partner (QFLP) pilot enterprises, with their foreign exchange registration procedures also to be simplified.
Possible expansion of the scope for issuing international loans in RMB and conducting domestic securities investment through the domestic settlement accounts (RMB non-resident account) of foreign institutions will be explored.
The scope of services provided to enterprises "going global" will be expanded by promoting the application and adoption of electronic certificates for outbound investment, with the "going global" comprehensive service platform for Beijing-based enterprises to be optimized, investment promotion stations established, and the cultivation of world-class overseas investment professional institutions accelerated.
(IV) To improve the public service policy environment
15. Promoting the transformation of government functions
16. Building a system for the transformation and application of innovation achievements
17. Innovating a whole-process service management model for talents
18. Building a fair and transparent business environment for government procurement
A one-stop service system for foreign investment will be established as efforts are made to explore and develop investment guidelines in key areas to provide comprehensive services and guidance for high-frequency matters.
Support will also be provided for the establishment of technology related international standard organizations and industrial alliance organizations.
Efforts will be made to study and explore the establishment of market-oriented operation mechanisms for patent pools in key cutting-edge science and technology areas.
The role of national operation service platforms will be maximized to improve the patent opening and licensing operation mechanisms and build a comprehensive intellectual property operation service hub platform.
The family members accompanying experts employed by foreign-funded enterprises in Beijing will be granted the same period of stay and residence as the experts themselves.
Senior management personnel of foreign enterprises intending to establish branches or subsidiaries in Beijing will be issued visas or residence permits valid for up to two years, with their family members accompanying them to be granted the same period of stay and residence.
Efforts will be made to explore the establishment of a "single window" for foreign talent and facilitate cross-departmental one-stop processing, and cross-regional information exchange and mutual recognition.
Efforts will be made to optimize the processing mode of salary income remittance for foreign talent in Beijing.
To facilitate the participation of small and medium-sized enterprises (SMEs) in government procurement, the Beijing Branch of the web portal of the Chinese central government's procurement center will serve as the single electronic portal to provide comprehensive information on the involvement of SMEs in government procurement, their identification and accreditation, and their free access to bidding documents whenever possible, with procurement processes conducted electronically or by means of other innovative information and communication technologies.
(V) To strengthen the protection of rights and interests
19. Building a first-class center for international commercial dispute resolutions
20. Improving the existing dispute resolution mechanisms
21. Optimizing the intellectual property protection system
A professional pre-mediation mechanism of a voluntary nature will be established for foreign-related commercial cases.
Support will be provided to arbitration institutions to facilitate collaboration with courts and industry management departments, and establish mechanisms for expert consultation, information notification, and resource sharing for arbitration cases in specialized fields.
l Efforts will be made to establish a hierarchical and classified data model for intellectual property protection, and explore pilot projects for data intellectual property work.
A pilot reform will be conducted regarding the approval process for the use of special geographical indications.
Efforts will be made to enhance patent protection for genetic resources and to pilot the implementation of systems for accessing and sharing benefits from biological genetic resources and cross-departmental information sharing.
A joint law enforcement coordination mechanism for intellectual property across regions and departments will be established to promote effective connection between administrative and judicial protection of intellectual property rights and improve the joint punishment mechanism.
(VI) To improve the risk prevention and control system
22. Building a collaborative regulatory system for risk prevention and control
23. Strengthening risk prevention in key areas
The Foreign Investment Law and its Implementing Regulations will be fully implemented along with management measures for foreign investment security review, export control, cyber security review, cultural product import contents review, and anti-monopoly review. Efforts will be made to strengthen risk prevention and resolution, refine existing prevention and control measures, and establish and enhance a risk prevention and control system that matches high-standard economic and trade rules.
Support will be provided to Beijing as it collects public data and departmental management data in relevant fields in accordance with laws and regulations, and efforts will be made to explore the establishment of a foreign investment information sharing mechanism, leveraging information technology to develop innovative methods for risk assessment, prevention and control, and continuously enhance existing risk management capabilities.