[Executive meeting of the State Council deployed to carry out business environment innovation pilot projects in certain cities, and the draft measures for the implementation of the party commitment system for securities and futures administrative enforcement were approved]Premier Li Keqiang hosted the State Council executive meeting on September 8 to deploy business environment innovation pilots in some cities , To support local governments in deepening reforms to take precedence and make greater efforts to benefit enterprises and the people; pass the “Measures for the Implementation of the Party Commitment System for Administrative Enforcement of Securities and Futures (Draft).” (China Securities Journal)
Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on September 8 to deploy pilot projects for business environment innovation in some cities, and support local governments to deepen reforms to take precedence and make greater efforts to benefit enterprises and people; pass the “Securities and Futures Administrative Enforcement Party Commitment System Implementation Measures” (draft)”.
The meeting pointed out that it is necessary to implement the arrangements of the Party Central Committee and the State Council, insist on optimizing the business environment as an important starting point for stimulating the vitality of market entities and social creativity, and promoting high-quality development, stabilize market expectations, and maintain stable economic operations. The meeting decided that while implementing the “Regulations on Optimizing the Business Environment” and promoting the creation of a market-oriented, legalized and international business environment across the country, we should select six market entities with a large number of Beijing, Shanghai, Chongqing, Hangzhou, Guangzhou, and Shenzhen. Cities, focusing on market players and the concerns of the masses, benchmarking against advanced international standards, further deepening the reform of “delegation, regulation, and service”, and launching pilot projects for business environment innovation. The first is to further eliminate regional division and local protection, and promote the construction of a unified, open, and orderly competitive market system. Remove unreasonable restrictions on enterprises’ cross-regional operations. Break down the hidden barriers to foreign companies in areas such as government procurement. Promote the cross-regional mutual recognition and verification of 7 types of passenger and cargo transportation electronic licenses. The second is to further facilitate market entry and exit. At the same time as the issuance of physical licenses, electronic business licenses, etc., are issued simultaneously to facilitate enterprises’ online work.streamlineBankAccount opening procedures, shorten the account opening time. Promote market supervision,Social security, Tax and other annual reports “multiple reporting in one”. Explore access standards that adapt to the development of new business models and new models. After the bankruptcy case is accepted, the bankruptcy administrator is allowed to inquire about the bankrupt enterprise information held by the relevant institutions in accordance with the law, and there is no need to go through the procedures of unsealing when disposing of the seized property. The third is to enhance the convenience of investment and construction. Before land supply, government departments will carry out a package assessment of geological disasters, soil and water conservation, etc., to strengthen responsibilities. The enterprise can start construction after acquiring the land, without repeating the argumentation. Implementation of notification commitment management and online parallel processing for construction permits for municipal access projects such as water, electricity, heating, etc. The fourth is to improve the level of opening up. Promote the online verification of relevant documents at the ports of some important trading partners. Simplify the commercial registration procedures for Hong Kong and Macau investors. Support the development of bonded bunkering business for ships on international voyages. The fifth is to innovate and improve supervision. In areas such as food, medicine, vaccines, and safety, which are related to the lives and health of the people, a punitive compensation system is implemented. Improve the long-term mechanism for curbing arbitrary charges, arbitrary fines, and arbitrary apportionment. Rectify intermediary agencies’ monopolistic operations and compulsory services, clean up and cancel the differentiated treatment of enterprises in terms of qualification acquisition, bidding, and protection of rights and interests, and maintain fair competition. Sixth, optimize services related to enterprises. Establish a compensation and relief mechanism that damages the legitimate interests of enterprises due to policy changes and planning adjustments. Improve the unified registration system for movable properties and rights guarantees. Speed up the breaking of information islands, expand the scope of system interconnection and data sharing between departments and localities, promote the resolution of the problem of repeated submission of materials by market entities, and promote more matters to be handled online and at one time.
In order to improve the basic system of the capital market, enhance the effectiveness of supervision, and better protect the legitimate rights and interests of investors, the meeting passed the “Measures for the Implementation of the Party Commitment System for Administrative Enforcement of Securities and Futures (Draft).” The draft is in line with the relevant provisions of the Securities Law, and stipulates that the parties to administrative law enforcement promise to take measures to correct suspected violations and compensate investors for losses, implement joint punishments for parties who fail to fulfill their promises, maintain market order, and promptly invest in laws and regulations Reasonable compensation shall be given for the loss of the person.
The meeting also studied other matters.
(Source: China Securities Journal)
Article source: China Securities Journal
Editor in charge: DF537
Original title: The executive meeting of the State Council deployed to carry out a pilot business environment innovation in some cities, and the draft measures for the implementation of the party commitment system for the administrative enforcement of securities and futures were passed
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