Creating a Globally Competitive Business Environment

To leverage the platforms for opening up and the demonstrative functions of HK and Macao, support the nine PRD municipalities in accelerating the establishment of systems and regulations that are in line with advanced international standards for investment and trade regulation, leverage the decisive role of markets in resource allocation, minimise administrative interference, strengthen integrated market regulation, and create a first-class business environment which is stable, fair, transparent and predictable. To speed up the transformation of the function of the government, deepen reform in delegating powers, enhancing regulation and strengthening public services, refine the pre-establishment national treatment and negative list management approach for foreign investments, deepen the reform in the business system, and strengthen interim and ex-post supervision. To strengthen judicial exchanges and cooperation among GD, HK and Macao, promote the development of a multi-faceted dispute resolution mechanism that is based on wide consultation, joint contribution and shared benefits, provide quality, effective and convenient judicial services and protection for the development of the GBA, and strive to create a business environment based on the rule of law. To refine the mechanism for international commercial dispute resolution, develop an international arbitration centre, support exchanges and cooperation among arbitration and mediation organisations in GD, HK and Macao, and provide arbitration and mediation services to the economic and trade activities in GD, HK and Macao. To create an innovative new service model of “internet + government services”, expedite the reorganisation and integration of separate and individual government information systems, address the problem of “information silos”, and improve the efficiency of administrative services. To explore transferring service management of certain industries to social organisations as appropriate, and establish a sound management structure for industry association legal persons. To fully leverage the constructive roles of industry associations and chambers of commerce in establishing technical standards, regulation within industries, exploring international markets, responding to trade conflicts, etc.. To speed up the establishment of a social credit system in the nine PRD municipalities, make reference to the experiences of HK and Macao in establishing credit systems, and explore the joint implementation of measures involving incentives and penalties for credit fraud by enterprises in the region in accordance with the law.

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