Provincial administrative authority devolved, means Ningbo area will obtain greater reform autonomy. The delegation of 32 provincial administrative powers covers trade, investment, finance, personnel flow and other aspects. By delegating relevant provincial administrative powers to each region, it will effectively improve the approval efficiency of the region and reduce the cost of enterprises.
In market access, for example, domestic enterprises in overseas enterprises (financial enterprises not included), for the record, network food trading third-party platform provider for the record, the medical device manufacturing license to open, the pharmaceutical production license to distribute and change, is engaged in the digital printing business activities, set up of domestic performance brokerage institution of examination and approval, will be dealt with in free trade zone.
In terms of human resources services, China has further relaxed work permits for foreigners, eased restrictions on age, education and work experience, and provided convenience for high-level foreign talents and core foreign team members to permanently reside in China. Labor dispatch business license to implement the inform commitment system; We will delegate to lower-level governments the authority to assess and verify the qualifications of skilled personnel and quality supervisors, and promote the free flow of talents.
In terms of investment management, decentralize the filing of projects invested by enterprises (including foreign investment) and their addition and alteration to each zone of the pilot free Trade Zone to improve the level of investment facilitation in the zone; In terms of financial services, we will delegate to lower-level governments trials to facilitate cross-border RMB settlement of oil trade, and improve financial services to the real economy.
The decentralization of these powers will further optimize the approval service process of Ningbo area of Zhejiang Free Trade Zone, effectively improve the level of trade and investment facilitation, and help Ningbo to build a strategic transit base for bulk commodities, an international open hub and a modern coastal metropolis.
