SAMR Releases 40 Measures to Improve Business Environment

SAMR Releases 40 Measures to Improve Business Environment
Photo: freepik.com 03.06.2024 289

China will proactively respond to the requirements made by foreign businesses, and create a more attractive investment environment, according to The Global Times.

China's State Administration for Market Regulation (SAMR) on Wednesday unveiled 40 measures to optimize business environment, promote internationalization of China's vast market, in order to attract more foreign investment.

The SAMR officially released the draft Key Measures for Market Regulation Departments to Optimize the Business Environment 2024 Edition, which contains 10 sections and 40 specific measures for public comment.

The move is aimed at implementing the latest Chinese government directives on improving the business environment to reach international standards, the regulator said.

SAMR pledged to continue enhancing the registration management of foreign-invested enterprises by refining the registration system and streamlining notarization and certification procedures.

It vowed to enforce the Special Administrative Measures for Foreign Investment Access (Negative List) and introduce new guidelines to help foreign-invested enterprises adjust their organizational structure, and enhancing the foreign-invested enterprise data management platform for better data analysis.

SAMR said China will “unwaveringly promote high-level opening-up, proactively respond to the requirements made by foreign businesses, and create a more attractive investment environment”, reported Chinese state-owned newspaper The Global Times.

Additionally, SAMR plans to deepen international cooperation, focusing on anti-monopoly issues and aligning with high-standard international trade rules to promote fair market competition. The regulation emphasizes the importance of standards in expanding high-quality opening-up, supporting foreign enterprises in participating in standards setting, and promoting Chinese standards globally.

Source: The Global Times

China 

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