NDRC Issued 17 Tasks to Support the Construction of International First-Class Business Environment in the Yangtze River Delta

On November 10, 2022, National Development and Reform Commission (“NDRC”) issued Notice on Issuance of the Three-Year Action Plan on Construction of an International First-Class Business Environment in the Yangtze River Delta (“Notice”).

The Notice emphasizes that it is necessary to further remove unreasonable restrictions such as regional division and local protection, continue to deepen the reform of policy of “Separating Permits from Business Licenses”, explore the establishment and implementation of enterprise dormancy system, the forced quit system of market entities, the bankruptcy pre-reorganization system, etc., and establish a system for tax benefits and credit support for bankruptcy reorganization to maintain a fair competition order. In addition, it is significant to accelerate the establishment and improvement of credit rating-based supervision system in the fields of market supervision, tax administration, import and export, further implement the management system of pre-entry national treatment plus negative list for foreign investment, and deepen the “One-Stop Online Service” and “Cross-Provincial Services” in the Yangtze River Delta region as well as deepen market supervision integration. The government will also continue to optimize regular enterprise-related services and promote the electronification of the entire process of public resource transactions, taxation and real estate registration, etc.