iChongqing Title

Aligning with International Standards, Chongqing Launches 100 Measures to Improve Business Environment

By XINYI LI|Sep 25,2020

Recently, Chongqing issued the 2020 Implementation Plan for Improving the Business Environment in Chongqing in Line with International Advanced Standards. The Plan proposed 100 reform measures in 11 sectors focusing on cutting procedures, time, and costs, in a bid to push the business environment improvement to a new level.

Zero-cost Online

Chongqing will improve the "one-website handling" platform set up by Yukuaiban (Chongqing Online Official Hall) for establishing enterprises and strengthen data sharing and business cooperation among government departments of market supervision, tax, and social security.

The APP of Yukuaiban

The procedures concerning registration for enterprise establishment, seal engraving, invoice application, and social security registration for employees will be integrated into one link to achieve the fastest handling within half a day.

Meanwhile, Chongqing will realize the zero-cost enterprise establishment and issue business licenses, seals, invoices, and tax control equipment to newly established enterprises free of charge at one time.

One-window service

The one-window integrated service optimized the online examination and approval service system, and the examination and approval items for construction projects were further reduced from 135 to 100. Construction licenses are not required for construction projects with an investment of 1 million yuan or a construction area of less than 500 square meters. The project risk matrix should be established based on factors such as the nature, scale, and technical difficulties of projects. Differentiated supervision should be carried out according to different risk levels.

The Intel FPGA China Innovation Center, located in Chongqing Xiyong Micro-electrics Industrial Park

Zero visit 

Power grid enterprises will handle users' applications for power access through one-window acceptance. The application of low-voltage small and micro enterprises for power access can be completed by going through two procedures, i.e., signing and electricity connection within a total time period of no more than eight working days. Low-voltage small and micro enterprises can achieve zero investment in the construction of external electrical connections. For small and micro enterprises with a power consumption capacity of no more than 160 kVA, the low-voltage connection is adopted. Power grid enterprises are responsible for the construction of external electrical connections.

China (Chongqing) Pilot Free Trade Zone in Liangjiang New Area

The investment in interrupted power operations will be enlarged to ensure that the annual average duration of power outage per household was less than one hour and the average yearly frequency of less than one time.

Chongqing will accelerate the standardized construction of distribution networks, improve the capacity of load transfer, make overall arrangements for power outage plans, strengthen comprehensive power outage management, and establish a financial control mechanism to limit power outage.

Relieve financing difficulties

Chongqing will advance unified registration of movable property security, promote the establishment of an electronic database with the name of the guarantor as the index, and provide unified, convenient, and efficient services such as chattel mortgage registration, changes, inquiry, and cancellation for market players.

At the same time, the city will fully implement preferential policies for enterprises such as loan renewal, credit guarantees, and loan interest rate reduction to create a policy environment in which enterprises "dare to, are able to and are willing to apply for loans."

Lianglu-Cuntan Free Trade Port Area (CFTA), Chongqing

Meanwhile, Chongqing will also encourage banks to set up a "comprehensive real estate service window" to allow enterprises to apply for mortgage registration while applying for loans.

The city will continue to promote special alignment activities between banks and enterprises and establish a financing alignment mechanism between them.

Chongqing will promote the establishment of government-managed financing guarantee funds and vigorously develop government-managed financing guarantee institutions to promote the cooperation between banks and financing guarantee institutions.

Tax process online

Chongqing will provide online application channels for handling all types of taxes and fees so that 193 tax matters can be handled simultaneously, and 159 tax matters can be handled online throughout the whole process. We will reduce enterprises' tax handling time by 10%, making the average duration be within 100 hours.

The city will launch the VAT invoice management 2.0 system and provide diversified invoice application methods to increase the proportion of online invoice application to 70%.

The functions of the electronic tax bureau will be improved to push tax policies based on big data analysis accurately.

Guoyuan Port

In addition, Chongqing will make full use of the preferential tax policies of the Western Development Strategy to collect enterprise income tax at a reduced rate of 15% on enterprises and industries that are encouraged by the state.

The foreign-funded projects included in the Catalogue of Industries for Encouraging Foreign Investment to enjoy the preferential policies of exemption of customs duties for self-use equipment within the total amount of investment and payment of enterprise income tax at a reduced rate of 15% according to law.

For eligible taxpayers in the whole industry, we will implement the refund of excess input tax credits, develop the whole-process electronic refund system, and realize paperless and automatic tax refund handling throughout the whole process.

Two-step Declaration

Reducing the overall customs clearance time at ports to promote the application of advance declaration mode and improve the fault tolerance mechanism of the model.

Simultaneously, piloting direct pickup of imported goods at ships and direct loading of exported goods upon arrival at ports to carry out pilot reform of the Two-step Declaration and Two-stage Access.

Xiantao Big Data Valley industrial park

Chongqing will pilot the mode of "departure confirmation" of water transport transfer so that enterprises can simultaneously handle customs transfer and port tallying, improving the efficiency of transfer of river-sea multi-modal transport.

Additionally, the city will encourage ports to charge at a one-stop transparent price, promote the reduction of operation and service charges in customs clearance, freight forwarding, shipping agency, logistics, warehousing, and port services, and improve the electronic level in the whole process.

Chongqing will steadily open the Shanghai-Chongqing fast water transport channel, and carry out the two-way interaction pilot project of supervision and inspection instruction information and port operation relying on the Single Window of international trade to realize real-time inquiry of goods at ports and accelerate the construction of smart ports in Chongqing.

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