Regulations of China (Tianjin) Pilot Free Trade Zone（4/4）
- November 16, 2017
- Posted by: Yolandy
- Category: Policy
Article 41 TJFTZ shall exert the advantages of financial leasing and other featured financial industries, serve the real economy of Tianjin municipality, Beijing municipality and Hebei province, and promote the transformation and development of regional economy.
The establishment of Beijing-Tianjin-Hebei coordinated development funds and Beijing-Tianjin-Hebei industrial restructuring funds in TJFTZ is supported. Overseas investors are permitted to invest RMB funds in the funds in TJFTZ used for the coordinated development of Beijing-Tianjin-Hebei.
Article 42 Financial institutions in the Beijing-Tianjin-Hebei region are supported in conducting cross-regional collaborative finance innovation and cooperation in TJFTZ, and optimizing the allocation of financial resources.
Financial institutions in the Beijing-Tianjin-Hebei region are supported in providing entities in TJFTZ with local comprehensive financial services in respect of payment and settlement, deposit at different places, credit guarantee and other businesses, so as to reduce the cost of financial transactions across administrative regions.
Article 43 The cooperation of the property trading market, technical trading market, pollutant discharge right trading market and carbon emission right trading market in Beijing-Tianjin-Hebei in TJFTZ is encouraged, so as to promote the allocation and use of regional pollutant discharge indicators with compensation.
Chapter VII Business Environment
Article 44 Reform and innovation in such fields as administrative system, investment, trading, and finance in TJFTZ shall be conducted by adopting the way of thought and form of rule of law, so as to build an international, market-oriented and legal business environment.
The relevant departments of the municipal people’s government and the TJFTZ Administration shall, together with the administrative authorities of the state in Tianjin, and according to the actual requirements of TJFTZ, conduct research and offer reform and innovation measures in such aspects as investment and opening-up, trade facilitation and financial innovation, and win the state’s support for pilot programs in TJFTZ.
Article 45 The equal status and development rights of all types of market participants in TJFTZ shall be protected by law. All types of market participants in TJFTZ shall enjoy equal benefits in such aspects as supervision, taxation and government procurement.
Article 46 TJFTZ shall, in a timely manner, disclose the local regulations, government rules, regulatory documents, and procedures for handling affairs developed by the Tianjin municipality and other information, so as to facilitate the inquiry of the public.
Article 47 TJFTZ shall implement more proactive policies for introducing and encouraging talents based on the generally accepted international practice, and provide convenience for overseas talents in such aspects as leaving and entering the territory, visa and residence, project application, innovation and entrepreneurship, school enrollment of their children and social security.
Article 48 TJFTZ shall, in accordance with the law, build harmonious labor relations, and promote the collective consultation of enterprises and employees on such matters as labor remuneration and labor protection. The positive role of labor unions in protecting employees’ rights and interests and promoting the harmony and stability of labor relations shall be played.
Article 49 TJFTZ shall strengthen the protection of intellectual property rights, improve intellectual property management systems and mechanisms and protection rules in line with the international standards, and promote the mechanism for connecting the administrative protection of intellectual property rights with judicial protection.
Article 50 TJFTZ shall strengthen environmental protection in accordance with the law, and enterprises in TJFTZ are encouraged to conduct certification by standards for generally accepted international environmental and energy management system, adopt advanced production techniques and technologies, save energies, and reduce the emission of pollutants and greenhouse gas.
Article 51 TJFTZ shall implement the system for the publication of credit information of market participants in the entire municipality, carry out the interaction mechanism for stimulating honesty and punishing dishonesty, implement rules for the categorized supervision of credit risks of market participants, establish the spot check and joint inspection mechanism, and focus on the supervision of market participants with low credit rating.
Article 52 TJFTZ shall assist the relevant departments of the state in conducting national security review of foreign investment. If the administrative authority of an area of TJFTZ finds any foreign investment falling within the scope of national security review, it shall inform the foreign investor to apply to the relevant department of the state for national security review.
Article 53 The anti-monopoly work mechanism shall be implemented in TJFTZ. Where the concentration of business operators of enterprises in TJFTZ reaches the anti-monopoly declaration standards prescribed by the state, business operators shall apply to the relevant department of the state for the anti-monopoly examination of concentration of business operators. For the conduct of excluding or restricting competition by a monopoly agreement, abuse of the dominant market position and abuse of administrative power, the relevant law enforcement authority shall conduct investigation in accordance with the law.
Article 54 China International Economic and Trade Arbitration Commission, China Maritime Arbitration Commission, Tianjin Arbitration Commission and other arbitration commissions are supported in establishing institutions in TJFTZ to conduct the arbitration business.
Industry associations, chambers of commerce and other social organizations are encouraged to legally conduct professional mediation in an independent or joint manner, and establish a mechanism linking mediation and arbitration and litigation.
Article 55 Law firms, accounting firms and other professional service agencies such as intellectual property services, customs declaration, inspection and testing, certification, agency of vessels and crew, assessment, notarization, forensic identification and evaluation, and credit services, among others, are encouraged to conduct business in TJFTZ.
Article 56 TJFTZ shall establish a comprehensive assessment mechanism, conduct comprehensive and special assessment of the implementation of pilot policies in TJFTZ, and when necessary, may authorize third party agencies to conduct independent assessment.
Chapter VIII Supplementary Provisions
Article 57 Where the pilot reform measures such as investment, trade, finance and taxation, among others, in TJFTZ as provided by the state are adjusted, or the state provides that pilot measures in other regional reform can be applied to TJFTZ, the relevant provisions of the state shall be implemented.
Article 58 This Regulation shall come into force on the date of issuance. The Measures for the Administration of China (Tianjin) Pilot Free Trade Zone (Order No. 15 , Tianjin Municipal People’s Government) issued by the Tianjin Municipal People’s Government on April 17, 2015 shall be repealed concurrently.