Regulations Revised with New Services for Enterprises Announced

The revised edition clarifies the fundamental principles for improving the business environment and sets out requirements for expanding institutional opening up. It emphasizes the establishment of a risk warning mechanism for antitrust purposes and the provision of antitrust compliance guidance. Furthermore, it enhances the fair competition review process for enterprise-related policies and the evaluation of the consistency of macroeconomic policy orientations.

The Regulations states that efforts should be made to enhance the standardization, normalization, and convenience of government services. It supports business entities to independently select their processing channels and promotes the use of electronic licenses and seals. Additionally, the Regulations outlines additional requirements for the standardized registration of corporate domicile, a strengthened list-based management system for issues requiring government approvals, and the implementation of "one-stop" application review and issuance of work permits and work-type residence permits for foreign nationals.

To address the challenges of difficult and costly financing, the Regulations encourages financial institutions to offer diversified services to small and medium-sized enterprises (SMEs) and to explore the establishment of a trust property registration mechanism to support enterprise financing. It also supports a dedicated credit reporting system for business entities and standardizes the requirements for the public disclosure of enterprises' credit information and the credit repair.

The Regulations underscores the necessity of standardizing the regulatory enforcement and emphasizes the principle of minimal interference to reduce the frequency of on-site inspections. It is stipulated that it is not allowed to use reports and complaints to seek improper benefits or infringe upon the legitimate rights and interests of business entities.The Regulations mandates the establishment of a robust supervision mechanism and the optimization of the evaluation system for government services. It specifies that people's procuratorates and supervisory authorities should enhance their supervision over the optimization of the business environment.

The Regulations calls for the alignment with advanced practices and encourages financial institutions to regularly release reports on environmental information. It promotes the implementation of a liability insurance system for immovable property registration and the establishment of a public information platform for the multimodal transport of goods.

The Regulations calls for the continuous optimization of legal services, specifying the requirements for commercial arbitration and mediation institutions. It calls for the enhancement of judicial transparency, promotion of full-process online processing, and establishment of a mechanism for sharing information related to enterprises involved in litigation. Additionally, it refines the working mechanism related to enterprise bankruptcy and improves the efficiency of bankruptcy work.

According to the Regulations, efforts should be made to enhance the government services for business environment, improve the monitoring and evaluation system for business environment and implement digital monitoring. It emphasizes the continued efforts to deepen coordination of business environment work in the Beijing-Tianjin-Hebei region. Furthermore, it advocates for the establishment of a city-wide policy service platform to accurately match the policy-related needs of business entities.

The Regulations also insists on deepening the reform of the review and approval system, advancing joint surveying and mapping and mutual recognition of results. It calls for exploring the formulation of an exemption list for construction project planning permits, ensuring the construction of communication infrastructure, and deepening the review and approval reform for municipal access projects. Additionally, it optimizes tax services and stipulates the prior notification of applicable policy opinions on specific, complex, significant tax-related matters for enterprises.
Source: The Beijing News