Newspaper praises Pingtan's business reform
( chinadaily.com.cn )
Updated: 2015-10-10
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A famous Beijing-based newspaper recently published an article about Pingtan’s business registration reform to increase work efficiency.
Beijing News noted that early this year Pingtan issued a new version of business licenses to ease the registration procedure.
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Two representatives for local enterprises show all-in-one business licenses at the Pingtan Comprehensive Pilot Zone in Fujian province, March 9. The new license integrates the business license, the certificate of organization code and the certificate of taxation registration into one certificate. [Photo/Xinhua] |
The new license integrates the business license, certificate of organization code and the certificate of taxation registration into one certificate. Entrepreneurs and the self-employed can apply for it at the local Administrative Service Center. If everything goes well, they can get the license after three hours, according to Xu Jin, an official at the center.
An applicant only needs to fill out an online form with required documents for business registration and submit it at the site to complete the application once and for all, he added.
The reform has slashed the application time from 26 days for domestic companies and 46 days for overseas ones to a staggering three hours.
The “all-in-one” license is great news for China’s economic transformation as it will further promote start-ups, and raise the employment rate, said Zhu Lijia, a professor with China National School of Administration, who noted that domestic companies take up about 80 percent of employment.
The reform has achieved outstanding results. Statistics show that over the first seven months of the year, Pingtan added 4,572 market entities. These included 1,627 domestic-funded firms(up 47 percent year on year) 185 overseas-funded firms (up 76 percent) and 2,760 self-employed individuals (up 69 percent).
The Beijing News also highlighted another red tape-cutting move – “Mashangban Office”
In a bid to simplify complicated and extensive processes for administrative approval, the local Party Working Committee in Pingtan set up a special office responsible for project assessment and approval.
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The People's Daily, flagship newspaper of the Communist Party of China, published an article in its overseas edition on Oct 31, 2014 highlighting red tape-cutting efforts by the Pingtan Comprehensive Pilot Zone in Fujian province. [Photo/ptnet.cn] |
The office is named “Mashang Office”, meaning “right now”. The name is inspired by a speech by Chinese President Xi Jinping in the 1990s, then Party Secretary of Fuzhou .
During an inspection of Fuzhou’s Mawei economic development district, Xi urged local authorities to improve work efficiency and handle affairs correctly the first time.
The office is a vital step in the reform of Pingtan’s administrative examination and approval, as it will reduce the approval time of a project from 256 days to 100 days, said the newspaper.
Also, a project investor used to have to collect 99 affixed seals from various authorities to get the green light. But with the establishment of the office, it now only needs one final stamp.
For foreign investors, the office will provide a special agent who will help them through all approval procedures.
