Beijing to amend its regulations on optimizing business environment

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Beijing will start revising the Regulation of Beijing Municipality on Optimizing the Business Environment, as stated by the Standing Committee of the 15th Beijing Municipal People's Congress at its 40th meeting on Aug. 29.

The regulation, adopted by the Standing Committee of the 15th Beijing Municipal People's Congress at its 20th meeting on March 27, 2020, served as an important institutional basis for optimizing the capital's business environment.

According to the relevant person in charge, the revision will further unleash and develop productive forces and advance high-quality development. It will help to build a business environment system that is in line with prevailing international rules and elevate the city's business environment to a new level.

The revision of the regulations will involve nine items across three areas, including market access, acquisition of business premises, and installation of municipal public facilities, and will become effective from its promulgation.

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