Kunming Economic Development Zone (Kunming Pilot Free Trade Zone) Innovation and QFLP Pilot Work Process | Enterprise | Kunming

Release time:Apr 14, 2024 07:10 AM

The Kunming Economic Development Zone has innovatively introduced the Implementation Rules for the Pilot Work of Qualified Overseas Limited Partners and the Working Mechanism of the Leading Group for the Pilot Work of Qualified Overseas Limited Partners based on actual conditions, marking the official launch of the QFLP pilot work in the Kunming Economic Development Zone.

QFLP, also known as Qualified Overseas Limited Partner, refers to qualified overseas limited partners such as natural persons, industrial capital, and institutional funds participating in pilot funds. Raising funds through non-public means from domestic and foreign investors to invest in equity of domestic non listed companies is an important channel for foreign investors to participate in domestic investment, and is a new type of foreign investment model. The implementation rules are divided into 6 chapters and 29 articles, including general provisions, pilot applications, pilot operations, supervision and management, support policies, and supplementary provisions. The main content includes: clarifying the basis for the formulation of documents and the relevant laws and regulations that need to be followed, ensuring that the documents comply with relevant national regulations. It is clear that the pilot work will be coordinated and promoted by a leadership group established by the Kunming Economic Development Zone Management Committee in conjunction with relevant departments at the municipal level in Kunming. The office will be located at the District Commerce and Financial Services Bureau. Clarify the application conditions and process for pilot enterprises. Clarify the requirements for pilot enterprises, investor qualifications, application submission materials and approval processes for pilot enterprises, and registration requirements. The third is to clarify the operational requirements of pilot enterprises. Clarify the qualifications of the custodian bank, pilot enterprises need to regularly submit information, engage in business scope, change requirements and processes, and cancellation procedures. The fourth is to strengthen supervision and management. Clearly define that relevant departments should strengthen their daily supervision of pilot enterprises according to their functions and collaborate to carry out dynamic supervision.

According to these regulations, fund management enterprises applying for QFLP pilot funds are not limited by their registered location. They only need to complete registration with the China Securities Investment Fund Industry Association. Fund managers with a cumulative management scale of over 5 billion yuan can apply to become pilot fund management enterprises. After the pilot fund is registered and established in Kunming Economic Development Zone or Mohan Moding Economic Cooperation Zone, it can be invested in projects that comply with relevant national laws and regulations in various regions.


Kunming Economic Development Zone (Kunming Pilot Free Trade Zone) Innovation and QFLP Pilot Work Process | Enterprise | Kunming

The QFLP pilot program is an innovative business trial implemented by Yunnan Province in Kunming Economic Development Zone, with the aim of further improving the utilization of foreign investment system and promoting industrial upgrading. Especially under the current situation, the QFLP pilot work will play an important role in expanding the scale of foreign investment utilization, optimizing the structure of foreign investment utilization, and stabilizing the basic situation of foreign investment, and will become a strong booster for Yunnan's growth of the three major economies.

Next, with the guidance and support of relevant departments at the provincial and municipal levels, Kunming Economic Development Zone will fully leverage the advantages of QFLP, such as strong driving ability, active organizational form, and multiple profit models, to explore and promote QFLP pilot work in accordance with laws and regulations, and provide a more convenient channel for expanding overseas capital investment in the real economy. At the same time, make good use of the working mechanism of the pilot leadership group, timely identify the problems that exist in the pilot promotion process, coordinate and solve the difficulties and bottlenecks, give full play to the pilot role of the free trade zone, promote the rapid landing of QFLP pilot business, attract and utilize foreign investment to better serve the local real economy.

【 Quick News 】 SAIC Releases Half Year Report with Double Growth in Revenue and Net Profit
【 Quick News 】 SAIC Releases Half Year Report with Double Growth in Revenue and Net Profit

SAIC Group released its 2023 semi annual report today. In the first half of this year, the company achieved wholesale sales of 2.072 million vehicles and terminal retail sales of 2.237 million vehicles, continuing to maintain its leading position in the domestic industry, and monthly sales continued to grow month on month. Sales in the second quarter increased by 32.5% compared to the first quarter, outperforming the overall market growth rate. In the first half of the year, SAIC's overseas sales reached 533000 vehicles, continuing to lead the industry; The sales of new energy vehicles reached 372000 units, ranking second among Chinese car companies and maintaining a "month on month continuous increase" since January. During the reporting period, the company achieved a combined total operating revenue of 326.55 billion yuan, a year-on-year increase of 3.34%, and a net profit attributable to shareholders of the listed company of 7.09 billion yuan, a year-on-year increase of 2.54%, by optimizing its structure, reducing costs and increasing efficiency.

SAIC Maxus, in collaboration with the Wuxi government, provides subsidies for purchasing "StarCraft" pickup trucks to benefit the public
SAIC Maxus, in collaboration with the Wuxi government, provides subsidies for purchasing "StarCraft" pickup trucks to benefit the public

"The golden mountain is slowly flowing, and the tin water is devoid of vegetation and spring". The scenery of the Taihu Lake Lake is picturesque, and the scenery of lakes and mountains is intoxicating. Wuxi, known as the "Pearl of the Taihu Lake Lake", is not only home to many famous literati, but also an important economic center in eastern China, with developed industry and commerce. Since the lifting of the local pickup truck ban last year and the official implementation of the Wuxi Service Integration into the Shanghai Metropolitan Area Action Plan this year, the Wuxi pickup truck market has ushered in new opportunities for development. Diversified lifestyles such as mountain running, fishing, skiing, and camping have emerged, injecting fresh vitality into the local pickup truck life. On August 12th, the StarCraft pickup truck was heavily launched in Wuxi, shining in the East China region with its hardcore quality. At the delivery ceremony, the first batch of interstellar pickup truck owners also officially picked up their beloved cars, taking the lead in embarking on a "interstellar" journey. On site by SAIC Maxus MA

Let's clock in and taste this exhibition together!, The "good taste" from grasslands and mountains arrived in Inner Mongolia as promised | Guizhou | Dashan
Let's clock in and taste this exhibition together!, The "good taste" from grasslands and mountains arrived in Inner Mongolia as promised | Guizhou | Dashan

"The blue sky, clear lake water, green grassland, this is my home..." A poem by Tengger's "Heaven" depicts the stunning scenery of Inner Mongolia. 1.3 billion acres of natural grassland, 400 million acres of vast forests, thousands of rivers and lakes... The beauty of Inner Mongolia is the colorful beauty that permeates time and space. With a long history, diverse cultures, ethnic integration, and diverse landscapes, Inner Mongolia's land is magnificent and splendid. Another place with a "colorful" reputation is Guizhou Province, located in the inland hinterland of southwestern China. Guizhou is known as the only province in China without plain support, with the saying of "eight mountains, one water, and one field". The unique karst landforms have created the magical natural landscapes of Guizhou, and a "Dong ethnic song" sings the purest "fireworks" of Guizhou people. The unique ecological environment nourishes Guizhou and Inner Mongolia

Strengthen residents' awareness of early intervention and management, and the "City Change diabetes" Community Action Initiative released diabetes | environment | residents
Strengthen residents' awareness of early intervention and management, and the "City Change diabetes" Community Action Initiative released diabetes | environment | residents

The prevalence of many chronic diseases, including obesity and diabetes, is a major health problem facing the Chinese people. In China, the prevalence of diabetes has reached 11.9 per cent, one in nine adults with diabetes. The "Urban Change Diabetes China-Dan Roundtable" with the theme of "Driving Change and Building a Healthier City" was held in Shanghai recently. The Roundtable launched the 'Cities Changing Diabetes' Community Action Initiative ". It is proposed to carry out specific actions from the aspects of strong concept of health science popularization, wide support of health environment, and health management to promote change, so as to build a health supporting environment, so as to promote community residents to strengthen early intervention and health management of diabetes. It is reported that the "City Change Diabetes" community action initiative includes a total of 9 specific initiatives. Medium

Qingpu: Building a "Warm Home" Governance on the "Happiness Cloud" | Community | Qingpu
Qingpu: Building a "Warm Home" Governance on the "Happiness Cloud" | Community | Qingpu

After retiring, Gong Aihua, a resident of Yingzhong Community, no longer had the usual busyness and often went to the community center to participate in various activities. "I click on 'Happiness Cloud' on my phone every day to check out the announcements and activities in the community. You can sign up and participate anytime, anywhere. 'As Aunt Gong said,' Happiness Cloud 'is an information-based system created by Qingpu for community workers and residents - the' Happiness Cloud 'smart community panoramic application system.". This "cloud" is positioned as the sinking of "One Network Management", the expansion of "One Network Service", and the strengthening of "Community Cloud". It has built five subsystems with "Community Governance Theme Data Warehouse" as the core, "Full Element Management System", "Fully Automatic Office", "Panoramic Service System", "Universal Governance System", and "Fully Aggregated" One Network Management "System"