06:36, 25-Aug-2017
Kaifeng Free Trade Zone: Streamlining procedures to attract foreign investment
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China is making strides in attracting foreign investors to its central region. In April this year, China launched seven new free trade zones, some of which were -- for the first time -- located in inland areas. Recently, students from the Communication University Of China visited the newly launched Kaifeng Free Trade Zone. Take a look.
The Kaifeng area of China's Henan Pilot Free Trade Zone is one of the first such zones set up in the country's central region. Some new measures have been introduced to make the area more conducive to trade and investment. For example, previously entrepreneurs had to carry out 22 separate steps to register a new business. But now, all they need to do is submit one paper.
LIU YUECHEN, KAIFENG, HENAN "You just need to walk into a hall, face a window, hand in a certificate like this, and submit it only once. And then you can have a business certificate like this, with two QR codes." The so called “twenty-two certificates in one” business license reform has greatly simplified the procedure of company registration in the Kaifeng Free Trade Zone.
LI YIYAN, KAIFENG, HENAN "Today at the Kaifeng free trade zone, I found out that registering a new company is very simple. It seems that the new procedure can save a lot of time." Besides the “twenty-two certificates in one” reform, the Kaifeng Free Trade Zone also offers a full range of services for entrepreneurs.
ZHENG HONGYING, VICE DIRECTOR OF ADMINISTRATION COMMITTEE KAIFENG AREA OF CHINA HENAN PILOT FREE TRADE ZONE "There is a one-stop service platform designed for the companies in the Kaifeng Free Trade Zone. We provide a full range of services on this platform, including analyzing the latest policies, offering the early-warning of industry changes, and so on."
The reforms like the “twenty-two certificates in one” at Kaifeng Free Trade Zone are designed to streamline administration, delegate power, strengthen regulations, improve services, and thereby attract more foreign investment to this area.