Xinhua News Agency, Nanjing, March 20 (Reporter He Leijing) "In the past, there were only 24 items, and foreign investment approval was required for all items other than 24 items, which took a long time, high thresholds, and many procedures. Now you can get the license in just over 10 minutes. It's so convenient!" said Chen Youjie, general manager of Tong Teak (Kunshan) Co., Ltd. and president of the Kunshan Taiwan Association Youth Association.

  On March 18, Chen Youjie successfully received the first Taiwanese resident individual industrial and commercial business license issued by Jiangsu Province at the market access window of the Kunshan Municipal Administrative Examination and Approval Bureau after the national new policy expanded the business scope.

  The Taiwan Affairs Office of the State Council, the Ministry of Commerce, and the State Administration for Market Regulation recently jointly issued and implemented the "Notice on Doing a Good Job in Taiwan Residents' Application for Establishing Individual Industrial and Commercial Households in Pilot Areas for Innovative Development of Trade in Services".

The policy measures introduced this time have greatly expanded the business scope from 24 items such as retail and catering to 122 items.

The business license Chen Youjie applied for this time, whose business scope includes paper product manufacturing, etc., belongs to the content of the open industry under the New Deal.

  According to the relevant person in charge of the Kunshan Administrative Examination and Approval Bureau, Kunshan has attracted more than 500 Taiwanese individual industrial and commercial households to start their own businesses.

After the implementation of the new policy, Taiwan residents applying for the establishment of self-employed industrial and commercial households not only have simpler procedures than setting up companies, but also reduce the overall operating costs. They can also start business from self-employed industrial and commercial households and then apply for the establishment of companies after they develop to a certain scale.

  The reporter learned that Kunshan is one of the regions in the mainland where Taiwanese businessmen invest most actively, Taiwan-funded enterprises are the most dense, and cross-strait economic, trade and cultural exchanges are most frequent.

As of the end of January this year, the city has approved a total of 5,641 Taiwan-funded projects, including 2,590 capital increase projects with a total investment of US$67.813 billion.

  Zhao Shu, director of the Taiwan Affairs Office of Kunshan City, said that Kunshan will also make every effort to create an upgraded version of the integrated development of Kunshan and Taiwan, continue to launch the "Kunruyi" business service brand, and continuously improve the professional level of services to Taiwan, so as to help Taiwanese businessmen and Taiwan compatriots study in Kunshan, Create the most convenient conditions for employment and entrepreneurship, provide the most comfortable services, and create the most favorable environment.