At this year's Two Sessions, deliberation on the draft of the Foreign Investment Law is an important agenda. As a new basic law in the field of foreign investment in my country, the Foreign Investment Law established the basic framework of my country's new foreign investment legal system, attracted high attention from foreign companies in China, and called it "the most important law for foreign businessmen since China joined the WTO." It is generally believed that this reflects China's unswerving determination to expand its opening up to the outside world.
More than ten main leaders of the Fortune 500 companies in China said in an interview with the People's Daily IT Channel that the Foreign Investment Law will build a long-term, stable and consistent legal environment and policy environment, strengthen the protection of the legitimate rights and interests of foreign-funded enterprises, and enhance the investment confidence of enterprises. This law has taken a "peace of mind" for the further development of foreign enterprises in China.
In addition, the interviewed foreign company executives also generally believe that this year's government work report sends a strong signal of China's further expansion of opening up. The Chinese government's continued efforts to optimize the business environment, tax and fee reductions and have all enhanced foreign companies' expansion of investment in China and confidence in China's economic development.
will attract more foreign-invested enterprises to enter China
Dell
Technology Group Global Executive Vice President and President of Greater China Huang Chenhong believes that from the current global and China economic development situation, it is very necessary and timely to issue a basic law specifically for foreign investment.
Picture Note: Qualcomm China Chairman Meng Pu (left), Dell Technology Group Greater China President Huang Chenhong (middle), Ericsson China President Zhao Juntao (right)
Ericsson China President Zhao Juntao said that the Foreign Investment Law will help further create a healthy and fair business environment, provide more business opportunities for foreign-invested enterprises in China, and expand the depth and breadth of foreign-invested enterprises in China. At the same time, it also sends a strong signal that the country is unswervingly expanding opening up to the outside world, further enhancing the confidence of foreign companies to continue to invest in China.
Qualcomm China Chairman Meng Pu pointed out that the Foreign Investment Law has sent a signal of China's new round of high-level opening up to the outside world, indicating that China will further create and optimize a fair, transparent and predictable business environment. This will attract more foreign-invested enterprises to enter China.
Zhao Bingdi, President of Panasonic Electric Appliances (China) Co., Ltd., believes that the draft Foreign Investment Law divides investment promotion, investment protection and investment management into three chapters, and places the promotion and protection of foreign investment in priority. At the same time, the methods of investment management have also changed, greatly reducing access restrictions, improving transparency and management efficiency.
"We see that the draft aims to solve the main challenges faced by some foreign-funded enterprises, and can eliminate doubts and concerns among enterprises in China about the investment environment in China, so that enterprises in China have more confidence in their development prospects." said Gailke, chairman and president of Boxi Household Appliances Investment (China) Co., Ltd.
Picture Note: Zhao Bingdi, President of Panasonic Electric Appliances (China) Co., Ltd. (left), General Manager of Epson (China) Co., Ltd. Akiho Shinshi (Chinese), Chairman and President of Boxi Household Appliances Investment (China) Co., Ltd. (right)
General Manager of Epson (China) Co., Ltd. Akiho Shinshi said that the draft Foreign Investment Law has created a fair and competitive market environment for foreign businesses, "This is the business environment we are looking forward to."
Linking England China President Lu Jian believes that the greatest value of the Foreign Investment Law for foreign companies in China is that all operations of foreign companies have laws to follow, and the relevant regulations are clearer, which improves the transparency of market supervision, which is of great significance to foreign companies operating in China in accordance with laws and regulations.
"We believe that the Foreign Investment Law is expected to enhance transparency, build mutual trust, and encourage foreign investment to invest in key areas of China's economic development." said Yu Feng, President of Honeywell China.
Wang Hongbin, vice president of Intel's Legal and Policy Affairs Department, believes that the Chinese government has done a lot of work in policy predictability, transparency, intellectual property protection, and relaxation of market access. It will give the market more vitality and corporate autonomy, giving foreign companies a "peace of mind".
Looking forward to the early implementation of the law and making good connection between the old and the new
For the foreign investment law, the three keywords that foreign enterprise executives are most concerned about: intellectual property rights, equal opportunities, and connection between the old and the new, and hope that the new law will be implemented as soon as possible.
It is understood that in order to better reflect the protection of foreign investment, the draft Foreign Investment Law has set up a chapter of "Investment Protection", which clearly states that the state protects the intellectual property rights of foreign investors and foreign-invested enterprises. Intellectual property has always been a high concern for foreign companies in China. Almost all the foreign company executives interviewed pointed out that the Foreign Investment Law further emphasized the need to strengthen the protection of property rights of foreign-invested enterprises, especially intellectual property protection, which made foreign companies in China look forward to it very much.
Picture Note: LinkedIn China President Lu Jian (left), Honeywell China President Yu Feng (center), NEC (China) Co., Ltd. President Takeshi Toshika Moto (right)
NEC (China) Co., Ltd. President Takeshi Toshika Moto (right) said that the Foreign Investment Law has made clear provisions on issues such as foreign investment management system, intellectual property protection, and technology transfer, which has strengthened the protection of legitimate rights and interests of foreign investment. IBM Greater China Chairman Chen Liming also said that the protection of intellectual property rights and the optimization of the foreign investment environment in the draft are all the things he pays most attention to.
Meng Pu believes that this can not only attract more internationally leading high-tech enterprises to invest and develop in China, but also a necessary business environment condition for China to drive economic transformation and upgrading, supply-side structural reform and towards high-quality development through innovation.
At the same time, many senior executives such as Huang Chenhong, Zhao Juntao, Zhao Bingdi, Takeshi Tokamoto, and Ma Boce also suggested that they hope to make a smooth connection between the old and new laws and regulations, and hope that the implementation rules and supporting administrative regulations related to the Foreign Investment Law will be issued in a timely manner so that the benefits brought by the new law will be realized as soon as possible.
"There is no doubt that the Foreign Investment Law is another beacon on China's reform and opening up. I am very much looking forward to the early introduction of this law." Zhao Bingdi said.
is very optimistic about the future in China
"The deepest feeling of the government work report is that simplifying administration, reducing taxes, fee reductions, and financing will bring real benefits to enterprises, and are major measures to reduce the burden on enterprises and stimulate market vitality." Huang Chenhong said, "In the face of profound changes in the external environment and various severe challenges, the Chinese government has a strong ability to control the situation. All policies and response measures are very pragmatic and very operational."
"Promote all-round opening up to the outside world, create a law-based, internationalized and convenient business environment, and further strictly protect intellectual property rights, China's investment environment will get better and better." Meng Pu believes that these positive signals released by this year's government work report have greatly enhanced Qualcomm's confidence in continuously expanding investment in China and strengthening industrial cooperation with China.
Akihiro Shenshi said that in recent years, China's level of opening up to the outside world has been continuously improving, its industrial supporting capabilities have been continuously enhanced, and its business environment has been continuously optimized, attracting more and more foreign investors to invest in China.
"The increase in China's policy of opening up to the outside world will not only provide more opportunities for foreign companies, but also create a stable and safe environment, which will further inspire foreign companies' confidence in developing and promoting cooperation in China." Zhao Bingdi emphasized.
"'All-round opening up' is the keyword that impressed me the most. The content of the government work report on the new pattern of all-round opening up makes us more convinced that foreign-funded enterprises will usher in more development opportunities." Gailke said.
"For this year's government work report, what I am most concerned about is undoubtedly a series of measures to reduce the tax burden of enterprises." Chen Liming told the People's Daily reporter, "I am full of confidence in the future development prospects and investment prospects of China's economy." Takeshi Tokamoto, president of
NEC (China) Co., Ltd., said, "Tax cuts and fee reductions are very large measures, and it is very good news for foreign-funded enterprises like NEC that have been doing business in China for decades.”
Picture Note: Nokia Greater China President Ma Boce (left), IBM Greater China Chairman Chen Liming (middle), SAP China General Manager Li Qiang (right)
Nokia Greater China President Ma Boce the most impressed by this year's government work report is "adhering to innovation to lead development and expanding international innovation cooperation. "He pointed out that Nokia will actively participate in and promote the development of China's digital economy and emerging industries, and help build a new generation of information infrastructure in China.
Obviously, from optimizing the business environment to continuing tax and fee reductions, facing a series of measures introduced by the Chinese government, the interviewed foreign company executives are full of confidence in the prospects of China's economy.
Meng Pu emphasized that in the past 20 years, Qualcomm has witnessed and actively participated in the development of China's economy, mobile communications and Internet industries, and is also a beneficiary of this development process. China's improvement of the business environment and the further promotion of intellectual property protection have further enhanced Qualcomm's confidence in investing and developing in China.
SAP China General Manager Li Qiang said that SAP is very confident in the long-term positive development of China's economy. "China, which has gone through 40 years of reform and opening up, is now stunning the world at an unprecedented speed of innovation. "Li Qiang introduced that SAP will continue to increase investment in the Chinese market in the next five years and enhance its local innovation strength.
Huang Chenhong uses two "very optimistic" to describe Dell's future in China: we are very optimistic about China's stable market environment and also very optimistic about China's future development opportunities.
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