Beijing will introduce 190 measures over the next three years to enhance openness in technology, the internet, finance, education, culture and tourism, healthcare, old-age care, and professional services, the city announced at a press conference Thursday.

For the tech sector, the city plans to launch 15 measures aimed at recruiting talents overseas.  They include providing equal treatment to foreigners with permanent residence status the same as Chinese nationals in setting up technology companies, and rewarding foreigners who make outstanding technological contributions.

Beijing will also strive to ease market access to the internet sector in the city or in its demonstration industrial parks. Moreover, it plans to introduce model projects and companies in emerging fields such as industrial internet, 5G, and artificial intelligence.

In terms of professional service sectors including legal services, accounting, exhibition, design, and human resources, the city plans to reduce the restrictions for professionals from Hong Kong and Macao to acquire professional qualifications.

Furthermore, Beijing will introduce 38 measures in the financial sector to relax market restrictions for financial institutions, expand cross-border use of the RMB, internationalize financial services, pool global financial talents, and increase financial security and stability.

For example, it will ease market access for banking and insurance institutions as well as credit rating agencies, and support the establishment of clearing houses for foreign-funded bank cards in Beijing and the setup of overseas RMB investment funds. 

In addition, Beijing plans to build 11 international schools and launch trials of international hospital practices in seven hospitals and six districts.

The city will introduce the measures while referring to international economic and trade rules and the latest practices in various sectors across the country, said Yan Ligang, head of the Beijing Municipal Commerce Bureau.

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