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Jinan Area of China (Shandong) Pilot Free Trade Zone launches 3-year action plan

2021/10/14 14:20:53

The Jinan Area of China (Shandong) Pilot Free Trade Zone launched a 3-year action plan recently to improve the law-based business environment, according to a press conference held on October 14 by Jinan Municipal People’s Government.

A total of 480 reforms and innovation measures have been launched in the past two years since the construction of Jinan Area. More than 150 innovation achievements and cases have been completed; 28,000 enterprises have been newly registered, 213 foreign-funded enterprises newly established, and the actual utilized foreign capital reached to nearly two billion dollars.

According to Hu Jiahua, a member of the Party Working Committee of Jinan Area, the action plan specifies the overall requirements, key tasks and guarantee measures for building a law-based business environment, with focus on the implementation of six actions, namely, improving the the system of laws and regulations, enhancing the judicial protection capacity, optimizing law enforcement and supervision, strengthening the protection of intellectual property, improving the openness and development of legal affairs, and deepening efforts to innovate the rule of law in the free trade area.

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