Expanding the Protection and Protection of the Rights and Legitimate Interests of Foreign Firms in China China Will Push Reforms – Hong Kong Sina



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Strengthening the Protection and Protection of the Rights and Legitimate Interests of Foreign Enterprises in China China Reform Measures

胥会云

In order to maintain stable and healthy economic development, the Political Bureau of the CPC Central Committee held a meeting on 31 July. "One of them is" stable foreign investment. "The meeting also proposed to protect the legitimate rights and interests of foreign-invested enterprises in China." Shi Liangping, researcher at the 39, Economic Research Institute of the Shanghai Academy of Social Sciences, told the First Financial Reporter that this shows that China's policy of reform and opening has not changed and that Foreign investment attraction policy has not changed Change At the same time, it also shows that the Chinese economy is fully integrated into the world, you have me and me.

On July 28th and July 30th, the 2018 national version of the negative list and the 2018 version of the negative list have begun to be implemented.The new negative list includes not only the opening measures announced for the financial industries, automob Islands and others, but it also lists the opening schedule of some industries over the next few years, greatly improving the predictability of openness.

On July 30, the Ministry of Commerce issued a "Decision on Amending Measures for Foreign Investors in Listed Companies" (draft commentary) and proposed to relax foreign investment in listed strategic companies: foreign investors A listed company's A shares will not be transferred in the previous three years and will not be transferred within 12 months. This is also considered a powerful move for the Chinese market to attract more foreign investment.

Clearly, China's openness measures are intensive and policies favorable to foreign investment in the Chinese market are also being implemented.

During the 40 years of reform and opening up, foreign capital has become an important part of the Chinese economy and maintaining a stable growth of foreign capital is also an important driver from the formation of a new model of global openness.

Then, how to stabilize foreign investment? Many experts told the First Financial Reporter that it is necessary to further expand the opening.

The Central Political Bureau meeting also proposed to promote reform and openness and continue to study and initiate a number of important reform measures that will be effective. It is necessary to implement important measures to expand the opening and considerably relax the market access, promote the development of the "belt and the road" and develop the first international exhibition of import from China.

China's positive attitude towards openness has been clearly reflected in the series of papers on the expansion and openness of foreign investment since the 39; last year, especially the opinion on the opening of foreign investment and the active use of foreign capital. The State Council meeting held on May 30 this year also determined measures to continue to actively and effectively use foreign capital.

The reason it is necessary to continue to study and launch a number of important reform measures that are effective and efficient, Shi Liangping said, in fact, it is necessary to promote the reform with openness. For example, some of the previous openings have been promoted according to the original traditional department, but due to the increasing industrial integration, for the producer services industry, after the opening of a only department, it is still impossible to do things. The reform of the management system "not only must allow foreign capital to enter but also to do things after their arrival".

The pre-entry national treatment management system plus negative list is the largest liberalization of global investment. An important step for expansion and opening since the XVIII National Congress is an important step for China to strengthen its anchoring with the international economic and trade rules, deepen the reform of the foreign investment management system and create a legalized, international and practical investment environment.

In addition to liberalizing investment, China has also encouraged investment facilitation, investment promotion and investor protection by referring to the internationally accepted policy framework for investment.

The Political Bureau meeting of the CPC Central Committee also made it clear that it protects the legitimate rights and interests of foreign-invested enterprises in China.

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