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N.China Hebei FTZ unveils measures to promote investment facilitation

December 27, 2021


Abstract : North China's Hebei Province recently issued a guideline on promoting reform and innovation to facilitate investment in the China (Hebei) Pilot Free Trade Zone (FTZ), reported Hebei Daily Friday.

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Aerial photo taken on May 26, 2021 shows the Xiong'anNorth service area of the new route of Rongcheng-Wuhai expressway in north China's Hebei Province. (Photo by Fan Liangui/Xinhua)

BEIJING, Dec. 27 (Xinhua) – North China's Hebei Province recently issued a guideline on promoting reform and innovation to facilitate investment in the China (Hebei) Free Trade Zone (FTZ), reported Hebei Daily Friday.

Hebei FTZ will open wider to the investments made by Hong Kong and Macao investors, providing various areas with the FTZ to examine and approve the travel agency business set up by Hong Kong and Macao investors in the Heibei FTZ.

Meanwhile, competent overseas ship inspection agencies will be allowed to carry out statutory inspections of the international ships in the Caofeidian area of Heibei FTZ.

While supporting the various areas of the FTZ to strengthen the innovation development of offshore trade and international logistics, Hebei FTZ will promote financial reform and innovation, such as, a unified band account system in local and foreign currencies will be carried out in Xiong'an area of the FTZ.

In addition, the guideline also listed innovative measures in the area of transformation of government functions, such as providing administrative matters related to the processing of ship operation documents for waterway transport enterprises. (Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com)

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Keyword: FTZ Hebei

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