Beijing Unveils 6.0 Version of Business Environment Optimization Plan

On April 7, 2023, the Beijing Municipal People’s Government released the Action Plan of Beijing Municipality on Improving the Business Environment across the Board to Boost Enterprises for High-quality Development, proposing 31 major tasks in five aspects.

Focusing on fair competition, protection of rights and interests, optimization of investment and trade environment, improvement of government services, and integration of Beijing, Tianjin and Hebei, the Plan vows to facilitate handling of corporate business covering the whole life cycle, promote fair market competition, remove the filing system for foreign trade operators, allow more foreign-funded enterprises to be registered online, promote the reform of “one integrated license for one industry”, and advance “handling of one thing at one time”. It also stressed efforts to boost construction of smart taxation, explore to set up inclusive financing risk compensation funds, expand sharing of data between government, banks and enterprises, and allow replacement of the administrative compliance certification with reports of corporate credit information in selected areas.