Related stories

Measures on the Administration of Foreign Investment in Leasing Business Letter soliciting public comments on the “Supplementary Circular Concerning Administration of Foreign Investment in Construction Enterprises” Beijing Investment Promotion Bureau: Better Public Service Brings More Foreign Investment of Higher Quality Provisional Rules on the Administration of Foreign Enterprises Engaging in Design Activities for Construction Projects within the People's Republic of China (the "Rules") Implementation Measures of the "Rules of the People's Republic of China on Customs Protection of Intellectual Property Rights"

Fast Growth of Foreign Investment in Beijing

Beijing enjoyed rapid growth of foreign investment in the first half of this year, figures show. A report from the Beijing Municipal Foreign Economic and Trade Commission says the influx of such capital amounted to US$2.85 billion, almost twice that of the same period last year. And by the end of June, Beijing was hosting more than 17,600 foreign-funded firms with a total direct foreign investment of US$35.83 billion. The report attributes the investment surge to the efforts of the municipal government.

Fueled by China's entry to the World Trade Organization (WTO) and Beijing's securing the 2008 Olympics, the Beijing government has adopted effective measures to enhance the city's investment environment. From January 1 this year, a new system for approving foreign-funded projects came into operation, as did free consultancy services. Meanwhile, the local government is inviting representatives from multinational companies in Beijing to hold talks with its officials, who also visit the companies.

A website has been mounted to make clear the relevant policies, rules and regulations surrounding foreign investment. The site is receiving about 150 "hits" each day.