Applicable policies tried and tested in pilot free trade zones and national innovation demonstration zones will be extended to national high-tech zones, where more pro-innovation policies will be piloted. Regulations on long-term multiple-entry visa and residence permit for overseas talent will be relaxed.
"The key in bringing out the advantages of these zones is reform and opening up. Unjustified restraints shall be removed. The government shall do its best in making a difference where breakthroughs and new steps are possible, to boost market confidence," Li said.
National high-tech zones will be further opened up. Diverse forms of cooperation will be encouraged between these zones and foreign counterparts, to better integrate them into international industrial and supply chains.
National high-tech zones will be granted provincial or municipal administrative powers on economic matters.
Commercial banks will be encouraged to set up branches dedicated to science and technology sectors in national high-tech zones. Intellectual property pledge financing will be supported. Qualified developers of national high-tech zones may go public to raise funds.
"Faced with the current situation, greater opening-up of national high-tech zones is crucial to maintaining stability in industrial and supply chains," Li said.
The meeting adopted the draft regulation on ensuring payments to small and medium-sized enterprises (SMEs), providing for contract signing, funding provision and means of payment for government departments, public institutions and large enterprises in their dealings with SMEs.
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