Revision of measures for the administration of foreign investment

2014-01-23 source: foreign investment in economic report in the 21st century will transition from approval system to filing system At present, the Ministry of commerce is speeding up the revision of the measures for the administration of overseas investment In addition to the approval of the retention of overseas investment in sensitive countries and industries, it plans to implement the filing system At the Third Plenary Session of the 18th CPC Central Committee, it was proposed to relax investment access, promote the orderly opening of financial, education, culture, medical and other service industries, and release the restrictions on foreign investment access in service industries such as childcare and old-age care, architectural design, accounting and auditing, commerce and logistics, and e-commerce The opening up of the above areas will be based on the pre access national treatment and negative list established in the negotiation of the China US investment agreement, through the pilot free trade zone of China (Shanghai) and in combination with the implementation of the strategy of the free trade zone, orderly expand the opening up of the service sector People from the Ministry of Commerce said that for those who are required by the decision to "open in an orderly manner", they will seize the priority bottleneck to be solved, study and formulate an opening schedule in combination with the goal of industrial reform, and strive to make progress on major issues in several important areas In the past year, the proportion of foreign capital stock is lower than that of developed countries The most discussed issue of foreign-funded enterprises in China is whether the investment environment in China is worse than before In terms of figures, China's absorption of foreign investment this year is not only not decreasing, but also increasing In the fierce competition of attracting international capital, China's market is still favored by foreign investment In 2013, China's absorption of foreign investment picked up steadily Since February, China's absorption of foreign investment has maintained a positive growth in a single month By the end of the year, the actual use of foreign investment amounted to US $117.5 billion (excluding the data of banking, securities and insurance), up 5.25% year-on-year Although the flow of foreign investment in China has reached a certain scale, from the perspective of the stock of foreign investment and its proportion in GDP, there is a huge gap not only with the United States, but also with other countries in the world According to the data released by the United Nations Conference on Trade and development on January 8 this year, the proportion of foreign investment in South Korea's GDP is 12.7% Among the 34 OECD countries, Luxembourg ranks first in the proportion of foreign investment in GDP, accounting for 213.4% Major developed countries such as Britain, the United States and Germany also account for 54.3%, 25% and 21.1% respectively Last year, the Ministry of Commerce carried out a special survey on the stock of foreign investment in China to comprehensively evaluate the role of foreign investment in China's national economic and social development The specific stock data of foreign investment has not yet been released According to the Ministry of Commerce, the proportion of foreign investment in GDP is far from the level of developed countries In addition, China's foreign investment mainly comes from Asia, especially Hong Kong, and the investment from the three major economies of the United States, the European Union and Japan is relatively low Last year, the United States and the European Union accounted for less than 10% of the total investment in China Due to well-known reasons, Japan's investment in China even declined Among the top ten sources of FDI in China, Hong Kong, the Virgin Islands and the Cayman Islands rank top, even surpassing many developed countries Domestic funds are invested in this way At present, there is no authoritative and accurate statistical data that can answer the proportion of real and false FDI In process and post supervision 2008 After the international financial crisis in, almost all countries in the world have increased their attraction and competition for investment In addition to the traditional big countries attracting investment from developing countries, developed economies including the United States and the European Union have also introduced many preferential measures for attracting foreign investment to global investors, which is a challenge for developing countries to attract foreign investment From the domestic perspective, the advantages of China's capital introduction have gradually transformed from the traditional low-cost advantages to the new comprehensive (market area) advantages, including the expanding domestic market, perfect industrial supporting, stable political environment and legal system, etc "With the implementation of the decision of the Third Plenary Session of the 18th CPC Central Committee and the gradual introduction of supporting measures, especially the expansion of the opening up of the service sector, attracting foreign investment in the service sector will become a hot spot You can see some clues from the Shanghai pilot free trade zone " Gao Hucheng, Minister of the Ministry of Commerce, said when introducing the priorities of this year's business work Last year, for the first time, the actual amount of foreign investment used by China's service industry accounted for more than half of the total amount of the country In the future, the trend of attracting foreign investment will be more to the service sector As for the service industry areas that the decision requires the liberalization of foreign investment access restrictions, the core issues of opening up in these areas will be clarified as soon as possible, and the experience of pilot opening-up measures will be used for reference, so that foreign investment in related fields can not only gain access, but also gain ground, take root, and grow up in a market environment of fair competition In promoting the gradual opening up of finance, shipping, education, medical treatment, culture and other fields, there will be more substantive means of support, such as the establishment of fiscal, tax, financial and foreign exchange support policies for the development of service trade It is a challenge for the government to do a good job and supervise after the event while delegating the power of examination and approval and management "We are also studying how to strengthen supervision after the decentralization of examination and approval authority, maintain an open and fair competition order, and make the market environment more healthy, so as to enable the healthy development of China's economy This is one of the main reasons why we have delegated approval authority to stimulate market vitality and motivation " Gao Hucheng said In addition, the Ministry of commerce is working with relevant departments to formulate a filing system for individual investment abroad