App | 中文 |

Govt policy moves from past week

Updated: Jul 29,2017 5:36 PM

Enhance introduction of foreign capital

The State Council, at its July 28 executive meeting presided over by Premier Li Keqiang, decided to expand the introduction of foreign capital and enhance opening-up.

Those at meeting urged efforts to promote nationwide the pre-entry national treatment to foreign investors and the negative list system that have been in trials in the pilot free trade zones.

Tax deferral will be extended to foreign investors if their local profits are invested in preferential fields. Also, they will be temporarily exempt from the withholding tax.

Measures should be rolled out to cancel or ease restrictions over a proportion of foreign equity in some areas in the manufacturing and the service sector.

The authority over investment management in national development zones should be enlarged, and priority of using construction lands should be given to foreign capital projects meeting planning needs.

Also, the work permit system for foreigners working in China will be simplified.

Details:>> China opens wider to boost foreign investment

Boost private investment

The State Council, at the July 28 executive meeting, also decided to take measures to boost private investment.

China will streamline investment project approvals for private investors, encourage private enterprises to participate in major projects as part of “Made in China 2025”, modern agriculture and enterprise technology updates, and develop mechanisms to ensure private investment can enjoy reasonable returns in public-private partnership projects.

The credit rating mechanism for private enterprises will be improved to make it easier for them to get loans. Also, local governments are encouraged to set up credit risk compensation funds to increase support for small and medium-sized enterprises and startups.

China will strengthen supervision on fee charging and punish governments that hurt enterprises’ interests or refuse to honor policy commitments.

Details:>> China takes measures to boost private investment

Contain local govt debt risk

Members of the State Council at the July 28 executive meeting decided to prevent and defuse local government debt risk.

Local governments should take major responsibility, and strictly contain illegal and irregular borrowing.

Efforts should be made to overhaul illegal guarantees, rectify violations in the public-private partnership practice, government-invested funds, and government procurement.

Local governments will receive support to carry out borrowing and financing in line with laws and regulations, and to increase support for relocation and infrastructure construction in poverty-stricken areas.

Implement lists for administrative fees and government funds

The State Council at its executive meeting on July 28 also heard a report on the implementation of administrative fees and government funds lists.

As required by the State Council, administrative fees at the central government level have been reduced from 185 items to 51. Government funds were cut from 30 items to 21.

Next, supervision will be enhanced to regulate administrative charges by local governments and improve the complaint mechanism in favor of enterprises.

Establish modern hospital management system

The State Council released a guideline on establishing a modern hospital management system.

It is projected that by 2020, a modern hospital management system with clear responsibilities, scientific management, efficient operation and effective supervision will be established.

To upgrade the current hospital management system, every hospital should formulate its own charter to clarify its nature, direction, source of funds, and rights and liabilities of its employees.

Governments should exercise power in governance, and enhance supervision on medical care quality, fees, prescription drugs and illegal behaviors.

Meanwhile, hospitals must enhance their self-discipline.

Details:>> China to establish modern hospital management system

Implement rules for disability prevention, rehabilitation

The rules for physical disability prevention and rehabilitation, issued by the State Council earlier this year, will be implemented, according to a circular from the Ministry of Civil Affairs.

The ministry asked all levels of authority to strengthen disability prevention work, and enhance rehabilitation services and the application of assistant devices.

The government will improve social assistance, the subsidy policy for severely disabled people in nursing care, and the rehabilitation system for children with disabilities.

Public participation is also welcomed in the sector.

Toughen supervision on information concerning food safety

Ten departments, including the Food Safety Commission of the State Council, jointly released a notice on strengthening rumor prevention work concerning food safety.

According to the notice, unauthorized organizations or individuals should not release information concerning overall national food safety, issue food safety warnings or publish food inspection reports or appraisals from institutions without legal criteria.

National inspection on construction site safety

China has started a four-month nationwide inspection on construction site safety, according to the circular issued by the Ministry of Housing and Urban-Rural Development.

Housing and municipal infrastructure construction projects across the country will be inspected.

The inspection includes construction enterprises’ performance in safety management, establishment and implementation of a safety management mechanism, the control over major dangerous projects, and local governments’ performances in promoting safety production.

Yangtze River environmental protection plan

An environmental protection plan covering the Yangtze River Economic Belt was jointly released by the Ministry of Environmental Protection, the National Development and Reform Commission, and the Ministry of Water Resources.

It placed an upper limit on the usage of water resources along the belt, and designated an ecological red line to protect and restore the environment.

The plan also demands improved responses to environmental emergencies and closer regional coordination.

Details:>> China releases Yangtze environmental protection plan

Restrictions on rights of staff members of China’s banking regulator

China’s banking regulator, the China Banking Regulatory Commission, has issued a document to strictly limit its staff members’ rights in performing their duties.

It set up a series of negative lists to ban power rent-seeking and intervention beyond authority and to prohibit staff members from using their positions to process personal affairs.

They are also not allowed to illegally use the regulation and security system, charge extra fees and take over public resources.

Charitable trust regulation

A document on charitable trust regulation was co-issued by the China Banking Regulatory Commission and the Ministry of Civil Affairs.

It marked the basic establishment of China’s charitable trust regulation system.

The document is divided into nine chapters with 65 articles, including the general principle, the establishment and filing of a charitable trust, the management and disposal of charitable trust property, change and termination, and supervision and information disclosure.

Guideline on price behaviors of industry associations

The National Development and Reform Commission published a guideline on the price behaviors of industry associations.

The NDRC graded the law violation risks of the price behaviors of industry associations, after it reviewed such behaviors as popularizing laws, safeguarding industrial interests, promoting industry’s self-regulation, industrial information disclosure, and activity organization.

Regulations on delay in school entry

The Ministry of Education stated that children at six are supposed to start school and receive compulsory education, while in some substandard regions, a one-year delay in starting education is acceptable.

For children at school age and teenagers with health problems, the parents or statutory guardians can apply for a delay in entrance, or a suspension of schooling.

After that, they should attend school for first-grade primary education, and local educational authorities should not refuse them due to the delay.