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Local

Henan FTZ tries out commitment system for enterprise investment projects

December 06, 2017


Abstract : Kaifeng area of China (Henan) Pilot Free Trade Zone took the lead to try out the commitment system for enterprise investment projects in May this year.

ZHENGZHOU, Dec. 5 (Xinhua)--Kaifeng area of China (Henan) Pilot Free Trade Zone took the lead to try out the commitment system for enterprise investment projects in May this year. With examination and approval by the government at all levels being replaced by enterprises’ written commitment, the processes of projects has been accelerated significantly.

Kaifeng area selected four projects for trial operation, including infrastructure and social undertakings. The project of building kindergarten, primary and middle school in Zhengkai Hengda Future City became the first pilot project. On June 21, in accordance with relevant standards and requirements, the project owner signed the Commitment Letter for Investment Project, and submitted relevant materials. The Management Committee of Kaifeng area of Henan FTZ organized the planning, civil air defense and fire departments to carry out joint review. Merely ten days later, project leader Dou Zhiwen received the notice to officially commence the project.

According to prior experience, it would take five months before starting up, it was unexpected that the efficiency had been improved so much, said Dou Zhiwen.

Accelerated examination and approval was the direct result of the commitment system reform for enterprise investment projects. After the reform in Kaifeng area, the approval items were reduced from 17 to 2. The number of application materials was reduced from 145 to 27, down more than 80 percent. And the time limit promised for handling maters shortened from 145 workdays to 13 workdays, with a drop of 91 percent of the time spent in examination and approval.  

Han Xuefeng, director of the Comprehensive Supervision Board of the Management Committee of Kaifeng area, noted that the supervision law was formulated in a targeted manner. On a comprehensive supervision platform, multiple departments conduct cooperative supervision and daily supervision through spot, written and entrusted checks in four phases, namely preparation, infrastructure construction, main structure construction and completion.  

Enterprises that break their promises will be required to make rectification within a specified time limit, cease construction or suspend production and business operation, and such cases will be disclosed to the public on the website of Credit Henan. In cases of gross violation, the enterprises will be put on the blacklist of discredit.  

The commitment system has given full play to enterprises’ self-discipline, but it will not lower the regulation standards, but rather to achieve the most effective supervision through innovation, said Zheng Hongying, deputy director of the Management Committee of Kaifeng area of Henan FTZ.

(Contributed by Fu Haosu, edited by Tong Wei)

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Keyword: Henan-FTZ

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