Page 464 - 2019 White Paper on the Business Environment in China
P. 464
9 White Paper on the Business Environment in China
a law-based, international and convenient business The Plan highlights that all relevant departments
environment and a fair, open, unified and efficient should responsively delegate relevant administrative
market environment. It is also important to penetrate authorities to Hainan Province as per the needs for the
ecological civilization ideas throughout the whole construction of the HNFTZ and provide more special
process of construction of the HNFTZ, actively explore a guidance and services. Relevant departments should
new mode of ecological and green development of the take risk prevention and control as the bottom line,
HNFTZ, strengthen reform system integration and strive and the relevant policies should undergo in-depth
to achieve more institutional system innovations. demonstration and strict control before issuance, and
be issued once they are mature, to realize regional
The Plan stipulates to give full play to the overall stable, safe and efficient operation. Relevant department
advantages of the pilot program involving the entire should carry out all pilot assignments of the reform, and
Hainan Island, closely focus on construction of a build the HNFTZ into a new height for comprehensively
pilot zone for comprehensively deepening reform deepening reform and opening-up.
and opening-up, a pilot zone for national ecological
civilization, an international tourism consumption center Ten Initiatives to Introduce Foreign Capital
and a national major strategic provision zone, implement in Hainan Province
more proactive opening-up strategies, speed up the
establishment of a new system for open economy, On November 30, 2018, Hainan Province convened
promote the formation of a new pattern of opening-up a working conference on the introduction of foreign
in an all-round way, and build Hainan into an important capital in which ten initiatives were launched to strongly
gateway for opening-up toward the Pacific Ocean and introduce foreign capital, striving to realize the major
the Indian Ocean. objectives, i.e. double the actual utilization of foreign
capital year by year in the coming period; continuously
Based on the existing assignments of the pilot free increase the proportion of Fortune Global 500 companies,
trade zones, the Plan clarifies that the HNFTZ should industry leaders and regional headquarters projects;
carry out reform pilots in accelerating the construction accelerate the development of foreign service trade;
of a new system for open economy, the innovation create a large number of new models and forms of
and development of the service industry and the business of foreign trade; establish the system in line with
transformation of government functions, as well as international investment and trade rules; build a legal,
intensify the construction of systems and mechanisms international and convenient business environment; and
for material risk prevention and control. In addition, with significantly improve the international openness in the
reference to the characteristics of Hainan, the HNFTZ province. The “three fields” for the introduction of foreign
should propose special pilot programs in the areas of capital in Hainan Province include tourism, modern
medical and healthcare, cultural tourism, and ecological service industry and high-tech industry; the key industries
and green development. include tourism, high-tech industry, seed industry,
healthcare, education, sports, telecommunication,
The Plan points out that, by 2020, the free trade zone Internet, culture, maintenance, finance, shipping, trade,
will achieve remarkable progress in its construction. exhibition and professional services.
Specifically, it will significantly enhance the level of
opening-up towards the world; develop itself into a Action Plan for Optimizing the Business
high-standard and high-quality free trade zone with Environment of Hainan Province (2018-2019)
convenient investment trade, standard law-based
environment, perfect financial services, safe and efficient On Dec 10, 2018, Hainan Province announced the
regulation, first-class eco-environment quality and Action Plan for Optimizing the Business Environment
outstanding radiating and driving functions; and lay of Hainan Province (2018-2019), further accelerating
a solid foundation for exploring and advancing the the construction of the rule of law, internationalization
construction of the Hainan Free Trade Port gradually and and facilitation of the business environment. Fu
steadily, and establishing a free trade port policy system Xuanchao, Director of Hainan Development and
in steps. Reform Commission, introduced that the plan
proposed 40 reform measures in 11 aspects, which
is the equivalent of World Bank’s 2019 business
464
a law-based, international and convenient business The Plan highlights that all relevant departments
environment and a fair, open, unified and efficient should responsively delegate relevant administrative
market environment. It is also important to penetrate authorities to Hainan Province as per the needs for the
ecological civilization ideas throughout the whole construction of the HNFTZ and provide more special
process of construction of the HNFTZ, actively explore a guidance and services. Relevant departments should
new mode of ecological and green development of the take risk prevention and control as the bottom line,
HNFTZ, strengthen reform system integration and strive and the relevant policies should undergo in-depth
to achieve more institutional system innovations. demonstration and strict control before issuance, and
be issued once they are mature, to realize regional
The Plan stipulates to give full play to the overall stable, safe and efficient operation. Relevant department
advantages of the pilot program involving the entire should carry out all pilot assignments of the reform, and
Hainan Island, closely focus on construction of a build the HNFTZ into a new height for comprehensively
pilot zone for comprehensively deepening reform deepening reform and opening-up.
and opening-up, a pilot zone for national ecological
civilization, an international tourism consumption center Ten Initiatives to Introduce Foreign Capital
and a national major strategic provision zone, implement in Hainan Province
more proactive opening-up strategies, speed up the
establishment of a new system for open economy, On November 30, 2018, Hainan Province convened
promote the formation of a new pattern of opening-up a working conference on the introduction of foreign
in an all-round way, and build Hainan into an important capital in which ten initiatives were launched to strongly
gateway for opening-up toward the Pacific Ocean and introduce foreign capital, striving to realize the major
the Indian Ocean. objectives, i.e. double the actual utilization of foreign
capital year by year in the coming period; continuously
Based on the existing assignments of the pilot free increase the proportion of Fortune Global 500 companies,
trade zones, the Plan clarifies that the HNFTZ should industry leaders and regional headquarters projects;
carry out reform pilots in accelerating the construction accelerate the development of foreign service trade;
of a new system for open economy, the innovation create a large number of new models and forms of
and development of the service industry and the business of foreign trade; establish the system in line with
transformation of government functions, as well as international investment and trade rules; build a legal,
intensify the construction of systems and mechanisms international and convenient business environment; and
for material risk prevention and control. In addition, with significantly improve the international openness in the
reference to the characteristics of Hainan, the HNFTZ province. The “three fields” for the introduction of foreign
should propose special pilot programs in the areas of capital in Hainan Province include tourism, modern
medical and healthcare, cultural tourism, and ecological service industry and high-tech industry; the key industries
and green development. include tourism, high-tech industry, seed industry,
healthcare, education, sports, telecommunication,
The Plan points out that, by 2020, the free trade zone Internet, culture, maintenance, finance, shipping, trade,
will achieve remarkable progress in its construction. exhibition and professional services.
Specifically, it will significantly enhance the level of
opening-up towards the world; develop itself into a Action Plan for Optimizing the Business
high-standard and high-quality free trade zone with Environment of Hainan Province (2018-2019)
convenient investment trade, standard law-based
environment, perfect financial services, safe and efficient On Dec 10, 2018, Hainan Province announced the
regulation, first-class eco-environment quality and Action Plan for Optimizing the Business Environment
outstanding radiating and driving functions; and lay of Hainan Province (2018-2019), further accelerating
a solid foundation for exploring and advancing the the construction of the rule of law, internationalization
construction of the Hainan Free Trade Port gradually and and facilitation of the business environment. Fu
steadily, and establishing a free trade port policy system Xuanchao, Director of Hainan Development and
in steps. Reform Commission, introduced that the plan
proposed 40 reform measures in 11 aspects, which
is the equivalent of World Bank’s 2019 business
464
