Yingkou Area of NE. China's Liaoning FTZ improves business environment for high-quality dev't

Yingkou Area of China (Liaoning) Pilot Free Trade Zone (FTZ) in northeast China has constantly improved business environment to facilitate foreign investment, with a total of 402 innovation policies introduced, according to Zhu Hengnan, an official of the area at a recent FTZ conference. 

Yingkou Area has made efforts to advance the reform of separating business licenses from administrative permits, and shorten the time for a new enterprise establishment. 

It is noted that it takes only half a day to complete the whole process of enterprise establishment. 

The area has also reformed the land transfer procedures and it now takes an average of 45 days to complete the whole process of the land transfer from the land biding to the real estate registration. Previously, it took about 110 days to complete such procedures. 

Meanwhile, Yingkou Area has also focused on the construction of the comprehensive bonded zone to further its opening-up.

Data show that since the customs closure and operation, 152 enterprises have been registered in the zone and 43 enterprises have started operation.

Yingkou Area, approved in March 2017, is one of the areas under the Liaoning FTZ which focuses on port logistics and financial business, equipment manufacturing, auto and parts, and e-commerce and information industry.