On September 4, 2020, Chinese President Xi Jinping in his opening address at the 2020 China International Fair for Trade in Services (CIFTIS) declared support for Beijing Municipality in developing a national integrated demonstration zone for greater openness in the services sector and setting up a pilot free trade zone characterizing scientific and technological innovation, opening-up of the services sector, and digital economy. Beijing will accelerate the construction of the "two zones" and strive to build a world-class and favorable business environment governed by rule of law and create better conditions conducive to domestic and foreign companies developing their businesses in Beijing.
Latest Progress
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Pilot Policy of 'Approval upon Recordation' for Recognition of High-tech Enterprises
Pilot Program of Trade-related Foreign Exchange Receipt and Payment Facilitation Advances in Beijing
Pilot Facilitation of Payment with Earnings from Capital Items
Support Provided for Foreign Exchange Settlement, Funds Receipt and Payment, and Other Bank Services for Market Entities in New-type Trade Including Cross-border E-commerce and Integrated Foreign Trade Services
Pilot Program Launched for Goods Import for Biomedical R&D Purposes, with a 'White List' System for Imports by Biomedical Enterprises (R&D Institutions)
Pilot Capital Pool Unifies the Management of Both RMB and Foreign-currency Accounts
'Two Zones' Catalogues Released for the Professional Qualification Exams and Recognition for Foreign Nationals and Hong Kong, Macao and Taiwan Residents
Foreign Debts Management Simplified to Support the Use of One Foreign Debt Account for Multiple Foreign Debts
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