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Hainan’s Sanya introduced more than 60 measures to optimize operation of market entities

Chinese authorities intend to pursue a policy to simplify formalities for issuing land exploitation licenses

HAIKOU /China/, April 18. /TASS/. Sanya city on Hainan Island presented more than 60 measures aimed to optimize the activities of market entities by improving the business environment. This was reported by the Hainan Daily newspaper.

According to the newspaper, the Sanya city government's strategy in this regard has been outlined in a recently published innovation program for 2023 on the creation of a high-quality business climate. It lists key objectives such as ensuring a level playing field for fair competition, improving government services for entrepreneurs, streamlining the legal system, and simplifying procedures for traders and investors.

The Sanya Business Climate Improvement Bureau noted that said measures are expected to be an important stimulus that will further enhance the credibility of the city's market. In particular, the authorities intend to pursue a policy of simplifying the formalities regarding the issuance of licenses for the operation of land and construction works. There will also be a high level of implementation of digital technologies, which will significantly reduce the time for tax and other operations.

Efforts will also be made to improve judicial mechanisms for the settlement of disputes, as specified. In connection with the active development of knowledge-intensive industries in Sanya, a list of measures to protect intellectual property is also being worked out. There is also an extensive effort to attract qualified specialists needed to implement strategically important projects with the introduction of innovations.

The measures to improve the business climate in Sanya includes improving standards and the effectiveness of state control mechanisms.

Sanya is one of the key centers of Hainan's economic development, with services and modern agriculture providing a significant part of its income. The island's administration plans to turn the city into a leading financial and economic center with an advanced infrastructure that will house the headquarters of major Chinese and foreign companies. This large city, also known worldwide as a first-class resort, is transforming year by year, attracting more investors.

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