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Investment Policy -- Opinions On Optimizing Investment Environment
Source:   Publish Date: 2008-2-15 13:56:00
Regulate tariffs and management and relieve pressure for enterprises

We should take following measures to better control administrative charge and service charge: first, to clear up charge items in accordance with laws and stipulations. Second, to reduce business cost of enterprises, regulate electricity price, toll for highway or bridge, and various standard or method of charge. Third, to regulate charges of intermediary agencies, improve management and supervision of these agencies. Fourth, to establish public review system. Fifth, to set up complaint and inspection mechanism, enforce the supervision and inspection of charges on enterprises.

Deepening the reform of administrative approval system in order to be more efficient

Simplify approval procedures for foreign investors. We ought to carry out "Decision of the State Council Concerning the Reform of Investment System" (Central Government Decree No. 20, 2004), delegate to municipalities approval authority of projects (encouraged category and permitted category) under USD 100 millions, and then foreign trade and economic departments of these municipalities will handle these projects according to No. 11 Decree of Guangdong Provincial Government, and are responsible for granting confirmation letter of foreign investment project. The infrastructure and mining projects invested by foreign investors from USD 30 to 100 million, will be sanctioned by Provincial Commission of Development and Reform, and their contract and regulations will be approved by Provincial Department of Foreign Trade and Economic Cooperation. The category of these projects will be made by the above two organs and publicized by the former. The restricted category of foreign investment projects still obeys the existing regulations.
 
Pace up land usage approval. All applications of enterprises for using lands, for those meeting the requirement, approval should be completed in regulated time limit. For those using state remnant land construction, approval should be completed within 30 working days, land registration should be handled and land usage certificate should be issued in time. For provincial key projects, high-tech projects and vital foreign investment project, the land usage approval should be speeded up, and some person should be specially assigned to track the schedule.

 
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