BEIJING, Oct. 29 (Xinhua) -- China will roll out a guideline to better use foreign investment with a focus on safeguarding the national treatment of foreign-funded enterprises, an official said Tuesday.

The guideline, which was adopted in principle at an executive meeting of the State Council held on Oct. 16, puts forward 20 policies in four aspects to create a more "fair, transparent and predictable" business environment for foreign-invested enterprises, said Vice Minister of Commerce and Deputy China International Trade Representative Wang Shouwen, at a press conference.

For a start, in deepening opening-up, China will continue to reduce the negative list for foreign investment access in the national and pilot free trade zones, and comprehensively eliminate restrictions that are not on the negative list.

China will accelerate the opening-up of the financial sector and optimize the foreign investment policies for automobiles, Wang said.

Second, in promoting investment, China will optimize the scientific and technological innovation services for foreign-invested enterprises and improve the construction of pilot free trade zones.

Third, in deepening reform to facilitate investment, China will lower the cost of cross-border capital use, make it easier for foreigners to work in China, and optimize the approval process for the use of land for foreign-funded projects.

Fourth, in protecting the legitimate rights and interests of foreign investors, China will fully implement the foreign investment law, establish and improve institutions for accepting complaints.

The country will also strengthen the standardization of the implementation of regulatory policies and make the formulation of regulatory documents more transparent, he said.

China will give full play to the role of judicial protection of intellectual property rights, improve the protection mechanism of intellectual property rights, support both domestic and foreign enterprises in their fair participation in standardization, and ensure their equal participation in government procurement, Wang said. Enditem

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