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Beijing issued "High-tech Industry Registration Guidance Catalogue"(2018)

December 03 2018

Recently, the Ministry of Industry and Information Technology issued the 2018 edition of the "High-tech Industry Registration Guidance Catalogue", which focuses on the emerging fields, high-end links and innovative formats of the industry, covering high-tech products and services,  it is an important guidance for attracting foreign investment.

This "Industry Guidance Catalog" includes  several major industries as follow: New Generation Information Technology, Integrated Circuits, Medical Health, Intelligence Equipment, Energy Conservation and Environmental Protection, New Energy Vehicles, New Materials, Artificial Intelligence, Software and Information Services, and Technology Services. Moreover, as a key direction and support industries for Beijing, the "Catalogue" is an important basis for formulating and implementing industrial policies such as finance, taxation, finance, science and technology, talent, land and planning.

In addition, in recent years, Beijing has gradually released many policies incentives to attract foreign investment.

Foreign-funded Enterprises registration can be electronization

In April 2017, Beijing initiated the electronic registration of Foreign-funded Enterprises, the full process from registration applications to issue the Electronic Business Licenses, can be achieved by paperless. Attorneys entrusted by the company can help with the relevant procedures online.

Relaxation of service industry access restrictions

In the service industry, it will focus on relaxing foreign investment access restrictions for Banking Financial Institutions, Securities Companies, Securities Investment Fund Management Companies, Futures Companies, Insurance Institutions, and Insurance Agency, and promote the orderly opening of Telecommunications, Internet, Culture, Education, Transportation and other fields.

Uniform implementation of Domestic and Freign-funded Enterprises

In order to achieve a fair and just business environment, a series of relevant measures have been formulated, for example, to implement uniform standard audit business licenses and qualification applications for domestic and foreign-funded enterprises and support foreign-funded companies to expand financing channels.