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Accelerating the transformation of government functions.
1. Deepening the reform of administrative systems. Efforts shall be made to accelerate the transformation of government functions, reform and innovate the administrative mode of government, actively explore and establish an administrative system compatible with the international high-standard system of investment and trade rules according to the requirements of internationalization and law, and promote changes in administration from focusing on ex ante approval to focusing on interim and ex post regulation.
2. Expanding the opening-up of the service industry. The fields of financial services, shipping services, commerce and trade services, professional services, cultural services, and social services shall be selected for expanded opening-up (see Annex for a detailed list of opening-up), and access restriction measures (except for banking institutions and information and communication services), such as investors’ qualifications, equity ratio restrictions, and restrictions on business scope, shall be suspended or cancelled, so as to create a market environment favorable to the equal access of various investors.
3. Exploring and establishing a “negative list” administrative mode. learning from generally accepted international rules, provide pre-access national treatment for foreign investment on a trial basis, research and develop a negative list for foreign investment and reform the administrative mode of foreign investment. For fields outside the negative list, under the principle of consistency in policies for both foreign-invested enterprises and domestic enterprises, the approval system for foreign-invested projects shall be replaced with the recordation system (unless the State Council reserves the approval requirement for domestic investment projects)
4. Building an overseas investment promotion system. The reform the overseas investment administration mode, apply primarily the filing system to overseas investment, and apply the filing system to general overseas investment projects .
5. Promoting the transformation and upgrading of trade.accelerate the cultivation of cross-border e-commerce service functions, and implement pilot programs to establish corresponding support systems in Customs supervision, inspection and quarantine, tax rebate, cross-border payment, and logistics, among others.
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