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5 Government regulations made to attract more investment
 
  

1 Investment Project Catalogue approved by the Government (2006, Liuzhou): 13 types of investment which have assessed and approved by the government were listed in the document;

2 Major investments that need to be assessed and approved by the Liuzhou municipal government and reported to the central or provincial government and Assessed Investment Projects, which specifically outline the projects that need to be assessed and approved by the government;

3 Temporary procedures for assessment of investment projects which sets out the procedures to assess a project that is not with foreign investment. The document also requires assessed projects to be announced to the public.

4 Temporary procedures for recording investment projects. According to the regulation, all investment projects except that ones that are confidential are to be recorded on file for future reference.

5 Temporary procedures for foreign investment, which sets out specific rules for foreign investment.

 

FAQ

1 What is the difference with the approval and assessment systems of investment projects?

Director of the Development and Reform Commission Mr Li Xin-Yuan replied: the approval system only applies to investments by the governmental and investments with government funds, while the assessment system applied to major or limited investments with non-governmental funds. 

Besides, the content to be assessed is different from the previous system.

Also, the processes of assessment are different.   

2 What are the benefits to enterprises?

The new system revoked some of the redundant procedures in the previous system and is more efficient.

 

Administrative benefits of the new system

1 Greatly reduce the number of projects need to be assessed which saves much time and effort for investors.   

2 Clearly set out responsibilities of governments at different level to improve administrative efficiency.

Mr Li also talked about the next step: “We will try our best to improve and complete the system to tackle the problems the current financial system still has.”

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