Policy Express|24-points policy to attract foreign

China’s State Council released a plan to further attract foreign investment and improve the business environment, including tax and visa measures, as it seeks to bolster the flagging economy, you can find the full content translation here: 

https://www.pekingnology.com/p/china-publishes-24-point-policy-in.

国务院日前印发《关于进一步优化外商投资环境 加大吸引外商投资力度的意见》，提出6方面24条政策措施，要求更好统筹国内国际两个大局，营造市场化、法治化、国际化一流营商环境，充分发挥我国超大规模市场优势，更大力度、更加有效吸引和利用外商投资。

I. General Requirements

II. Enhancing the Quality of Foreign Investment Utilization

• Intensify efforts to attract foreign investment in key sectors.

• Enable the service sector to play the role of opening-up pilot demonstration in leading the way.

• Broaden channels for attracting foreign investment.

• Support foreign-invested enterprises in carrying out the gradient transfer of investment.

• Improve the mechanism for promoting the construction of foreign-funded projects.

III. Safeguarding National Treatment for Foreign-Invested Enterprises

• Safeguard the participation of foreign-invested enterprises in government procurement activities in accordance with the law.

• Support foreign-invested enterprises in participating in standard formulation work on an equal footing in accordance with the law.

• Ensure that foreign-invested enterprises enjoy equal support policies.

IV.Continuously Strengthening the Protection of Foreign-Invested Enterprises

• Improve the mechanism for protecting the rights and interests of foreign-invested enterprises.

• Strengthen administrative protection of intellectual property rights.

• Intensify administrative law enforcement efforts for intellectual property rights.

• Standardize the formulation of foreign economic and trade policies and regulations.

V. Enhancing the Level of Investment and Business Operation Facilitation

• Optimize policies for the stay and residence of foreign employees of foreign-invested enterprises.

• Explore a secure management mechanism for streamlined cross-border data flow.

• Coordinate and optimize law enforcement inspections of foreign-invested enterprises.

• Improve services for foreign-invested enterprises.

VI. Increasing Financial and Tax Support

• Strengthen the funding support for promoting foreign investment.

• Encourage foreign-invested enterprises to reinvest domestically.

• Implement relevant tax preferential policies for foreign-invested enterprises.

• Support foreign-invested enterprises' investment in nationally encouraged development areas.

VII. Improving Foreign Investment Promotion Methods

• Improve the investment promotion mechanism.

• Facilitate overseas investment promotion work.

• Expand channels for foreign investment promotion.

• Expand channels for promoting foreign investment.

• Optimize foreign investment promotion evaluation.

VIII. Strengthening Organizational Implementation

一、加大重点领域引进外资力度

二、发挥服务业扩大开放综合试点示范引领带动作用

三、拓宽吸引外资渠道

四、支持外商投资企业梯度转移

五、完善外资项目建设推进机制

六、保障外商投资企业依法参与政府采购活动

七、支持外商投资企业依法平等参与标准制定工作

八、确保外商投资企业平等享受支持政策

九、健全外商投资权益保护机制

十、强化知识产权行政保护

十一、加大知识产权行政执法力度

十二、规范涉外经贸政策法规制定

十三、优化外商投资企业外籍员工停居留政策

十四、探索便利化的数据跨境流动安全管理机制

十五、统筹优化涉外商投资企业执法检查

十六、完善外商投资企业服务保障

十七、强化外商投资促进资金保障

十八、鼓励外商投资企业境内再投资

十九、落实外商投资企业相关税收优惠政策

二十、支持外商投资企业投资国家鼓励发展领域

二十一、健全引资工作机制

二十二、便利境外投资促进工作

二十三、拓展外商投资促进渠道

二十四、优化外商投资促进评价

The key recommendations outlined in our Nanjing Position Paper 2023/2024 such as EHS inspection, green energy, the acceptance of PR cards, IIT incentives for foreign employees were also answered by this new notice. 

我们在《南京建议书2023/2024》中提出的关键建议，如EHS检查、绿色能源、接受永居卡、对外籍员工的个税激励等，也在这份新通知中得到了回应。