News Observation丨China's attraction of attracting foreign investment continues to increase in August

  According to data released by the Ministry of Commerce yesterday (11th), China's actual use of foreign capital in August increased by 18.7% year-on-year, and the growth rate hit a new high this year.

Analysts believe that China's better-than-expected results in attracting foreign investment are mainly due to the continuous increase in foreign investment policies in response to the epidemic and the continuous improvement of the business environment.

As the service industry expands and opens up the pilot program, the market access of foreign capital continues to expand, and the Chinese market and "Chinese opportunities" will continue to attract global capital's attention.

  Data show that from January to August this year, the country's actual use of foreign capital was 619.78 billion yuan, a year-on-year increase of 2.6%.

In August, the country’s actual use of foreign capital was 84.13 billion yuan, a year-on-year increase of 18.7%.

  Since the beginning of this year, the opening up of the service industry has accelerated significantly

  It is worth noting that in the first eight months of this year, 20079 newly established foreign-invested enterprises in the service industry accounted for 88.8% of the country’s newly established foreign-invested enterprises; the actual use of foreign capital in the service industry was RMB 476.61 billion, an increase of 12.1% year-on-year. China's actual use of foreign capital accounted for 76.9%.

The opening up of the service industry has been significantly accelerated, and the role of stabilizing foreign investment has been significant.

  Policies increase the business environment and improve the joint efforts to stabilize foreign investment

  The analysis pointed out that since the beginning of this year, China's absorption of foreign investment has been better than expected, mainly due to the continuous increase in foreign investment policies in response to the epidemic and the continuous improvement of the business environment.

In order to further stabilize foreign investment, China will speed up the revision and implementation of the "Catalogue of Industries Encouraging Foreign Investment", deepen the pilot expansion of the service industry, and continue to expand market access for foreign investment.

  A few days ago, the work plan for supporting Beijing to build a comprehensive demonstration zone for expanding the opening up of the national service industry was approved by the State Council, which further eased restrictions on foreign investment access.

In the financial sector, priority is given to allowing multinational companies to establish wholly foreign-owned financial companies in Beijing; in the field of cultural, tourism, education and health, foreign investment in cultural performance groups controlled by the Chinese party is allowed, and foreign investment in adult education and training institutions is encouraged; in the field of information services, domestic Internet virtual For private network business, the ratio of foreign shares shall not exceed 50%; in the field of professional services, support overseas rating agencies to establish subsidiaries, and conduct credit rating services in the inter-bank bond market and exchange bond market.

  According to the plan, Beijing has formulated a list of pilot tasks, clarified more than 120 tasks, and further clarified the timetable and roadmap.

  Wang Shouwen, Vice Minister of Commerce: This time, in terms of foreign investment access, cross-border capital flow, talent support, and enterprise service guarantees, the whole life cycle is from the initial establishment, to operation, to the final launch, etc. The service also provides great convenience.

  Experts said that the construction of a comprehensive demonstration zone for the expansion and opening of the national service industry will help provide good support for the opening of the country’s service industry and the innovative development of the service industry. At the same time, it will also promote the mutual promotion of the domestic and international double cycles. The new development pattern provides assistance.