On March 24th, Zhou Guangzhi, Deputy Director of the Standing Committee of the Provincial People’s Congress, led a team to Taicang to carry out legislative research on the formulation of the Jiangsu Provincial Regulations on Foreign Investment. Representatives of some provincial and municipal people’s congresses, relevant responsible comrades of provincial people’s congresses, and relevant responsible comrades of the Provincial Department of Commerce participated in the survey. Comrades of Suzhou City and Taicang City accompanied the investigation. Dr. Tammy Tan, Chairman of HymonBio, was invited to participate in this research meeting as a member of Suzhou Municipal People’s Congress.
The research team held a symposium to listen to the introduction of foreign investment work by relevant departments such as Taicang Municipal Court, Development and Reform, Industry and Information Technology, Justice, Commerce, Foreign Affairs Office, and Taxation, and solicit opinions on amendments to the draft regulations. They also communicate with some foreign-invested enterprises to understand the outstanding problems encountered during the establishment and development of enterprises, during the implementation of the Foreign Investment Law and its implementing regulations, and provide suggestions on foreign investment legislation in our province.
Zhou Guangzhi fully affirmed Taicang’s efforts to optimize the business environment, protect the rights and interests of foreign-funded enterprises, and continuously expand the total amount of foreign investment. He pointed out the formulation of the “Regulations on Foreign Investment in Jiangsu Province” is a concrete measure to implement the spirit of the 20th National Congress of the Communist Party of China. Based on the new era and new journey, formulating a high-level local regulation on foreign investment is conducive to creating a first-class business environment that is market-oriented, law-based and internationalized in Jiangsu, and promotes the high-quality development of foreign investment; It is conducive to establishing an international image of initiative and openness, and better demonstrating Jiangsu’s sincerity in attracting foreign investment; It is conducive to protecting the legitimate rights and interests of foreign investors in Jiangsu and boosting the confidence of foreign investors there.
Post time: Mar-27-2023