Beijing to provide one-stop service for foreign investment

Photo taken with a mobile phone shows the business district along the Grand Canal in Tongzhou District of Beijing, capital of China, Aug. 20, 2020. (Xinhua/Ju Huanzong)

BEIJING, Jan. 4 (Xinhua) -- Beijing announced at a press conference that the city is looking to improve the mechanism of foreign investment promotion and service by striving to provide one-stop service for foreign investors, reported Economic Information Daily on Tuesday.

Specific measures include setting up a special foreign service directory on the official web portal of the municipal government of Beijing, providing foreign-funded companies with service entries and guidebooks for common requests such as enterprise registration, foreign exchange registration, project approval, etc.

The city will strengthen information sharing among various government departments to provide easier market access and also step up its efforts of introducing high-end foreign talents.

In line with China's increasing efforts in high-level opening-up, the Beijing Municipal Commerce Bureau will continue to enhance the internationalization of investment and trade management, as well as deepen reform to facilitate international trade, according to a representative from the bureau.

The number of foreign-funded companies newly established in Beijing from January to November in 2021 came in at 1,713, rising 53.2 percent year on year. The city attracted 37.5 billion U.S. dollars in contractual foreign investment in the same period, with total foreign investment utilized reached 15.16 billion U.S. dollars, up 9.7 percent year on year.