How to promote innovative development of service trade
General Secretary Xi Jinping emphasized: "Steadyly expand institutional opening up such as rules, regulations, management, and standards, and deeply promote high-level opening up of cross-border service trade and investment." The "Government Work Report" proposes: "Introducing innovative development policies for service trade and digital trade."
Service trade is an important part of international trade. How to actively compare with international high-standard economic and trade rules and further promote cross-border service trade?
Build a high-standard open institutional system for the service industry. On March 22, the Ministry of Commerce issued the "Special Management Measures for Cross-Border Services Trade" and the "Special Management Measures for Cross-Border Services Trade in Pilot Free Trade Zones." "The implementation of the national version and the free trade pilot zone version of the negative list for cross-border service trade marks the first time that a negative list management model for cross-border service trade has been established nationwide, forming a gradient opening system for cross-border service trade." Relevant person in charge of the Ministry of Commerce He said that in the next step, the Ministry of Commerce will work with various departments and localities to effectively implement the work, establish and improve the negative list management system, implement measures to open up relevant fields, improve supervision and risk prevention and control mechanisms, continuously improve the level of governance under open conditions, and adhere to Promote high-quality development with high-level openness.
Support pilot demonstrations to be implemented first. From 2016 to 2023, three rounds of innovative development pilots for trade in services were launched in 28 regions, taking the lead in exploring institutional mechanisms, policy systems and open paths that are compatible with the development of trade in services, and promoting a total of 157 pilot experiences and cases across the country, leading the way. Promote the high-quality development of national service trade. At the same time, since 2015, there have been 11 comprehensive pilot demonstration cities for the expansion of the opening up of the national service industry, basically forming an open layout covering the southeast, northwest, and central areas, leading industrial development, and successively promoting the opening up of key industries such as technology, telecommunications, cultural tourism, and finance. , cultivating a variety of new models and new business formats such as the digital economy and green circular economy.
Zhu Bing, director of the Department of Foreign Investment Management of the Ministry of Commerce, said that the Ministry of Commerce will work with relevant departments to guide and support pilot demonstration provinces and cities to accurately align with international high-standard economic and trade rules, deepen differentiated explorations such as industrial innovation development and cross-border integration, and strengthen innovation results. The system integration, promotion and application can better accumulate experience and explore paths for the high-level opening and high-quality development of the national service industry.
Financial services are an important area of service trade. At present, my country is expanding high-level financial opening up, canceling restrictions on the proportion of foreign shares in banking and insurance institutions, and significantly reducing the quantitative access threshold for foreign investment. The person in charge of the relevant departments and bureaus of the State Administration of Financial Supervision and Administration stated that they will continue to attach equal importance to "bringing in" and "going out", steadily expand institutional opening, study a number of financial opening measures to increase volume, stabilize stock, and improve quality, and support More foreign-funded institutions continue to actively participate in the Chinese market, and foreign-funded institutions with professional expertise are welcome to come to China to carry out various forms of all-round cooperation. Support foreign financial institutions to participate deeply in the construction of Shanghai as an international financial center.
"To further promote the high-level opening of the financial industry, we must focus on institutional opening and promote the international development of my country's financial market." Zeng Gang, director of the Shanghai Finance and Development Laboratory, said that it is necessary to attract more overseas funds to enter my country's capital market and promote Diversify investment entities and enhance market vitality and resilience. Introducing international professional talents to enhance the professional level of financial services. Introduce more diversified financial institutions and talents, innovate financial products and services, and better meet the diversified investment and financing needs of the real economy.
