Beijing will relax the market access for foreign financial institutions

This year, Beijing will create a more attractive investment environment, significantly relax market access, study and formulate the expanding measures on the financial industry’s opening for Foreign-fund Enterprises, and support foreign financial institutions to participate in the construction of Beijing’s capital market.

On the 25th, the State Council Information Office held meeting on “Accelerating the establishment of a fair competitive business environment”, the deputy mayor of Beijing, Wang Hong said. She revealed that this year Beijing will speed up the reform of the investment project commitment system and gradually realize the “zero approval” of corporate investment.

Taking advantage of the expansion of the service industry, Beijing has continuously improved the level of international development and further relaxed the market access of foreign capital. In accordance with the unified requirements of the State, foreign investment fully implements the pre-entry national treatment and the negative list management system, and continuously reduces the negative list of the service industry. And will further expand the use of foreign capital.

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