Implementation Plan Overview
The Sichuan Provincial Government announced the "2025 Sichuan Province Foreign Investment Stabilization Action Implementation Plan" on August 13. This detailed implementation plan is based on the "2025 Foreign Investment Stabilization Action Plan" released by the Ministry of Commerce and National Development and Reform Commission on February 19, aimed at promoting business development and re-investment by foreign enterprises in the province.
Four Main Pillars and Structure
The implementation plan consists of four pillars and 18 items:
- Promoting high-level opening-up
- Promoting foreign investment attraction
- Strengthening open platform functionality
- Enhancing service support for foreign enterprises
Expanded Opening in Priority Sectors
Pilot Opening Sectors: Expanding pilot opening in telecommunications, medical care, education and other fields, focusing on attracting and facilitating foreign enterprise entry particularly in biotechnology, medical care, and education.
Provincial Specific Initiatives: Promoting Chengdu's service industry opening expansion projects and encouraging long-term investment by foreign enterprises in provincial listed companies.
Priority Policies for Bio-pharmaceutical Sector
New Drug Development Environment: Establishing new drug development environment and applying medical insurance to new drugs that meet standards under the national negotiation system. The national negotiation system is a mechanism led by the National Healthcare Security Administration to negotiate drug prices with pharmaceutical companies and determine drugs for inclusion in the National Reimbursement Drug List (NRDL).
Manufacturing Base Attraction: Actively promoting the establishment of production bases in Sichuan Province by foreign pharmaceutical companies and medical equipment manufacturers.
Investment Attraction Enhancement Measures
Priority Industry Incentives: Encouraging investment in production-related fields such as breeding and feeding management equipment and feed, granting national treatment to foreign enterprises investing in these sectors.
Policy Support for Major Corporations: Strengthening policy support for investment from "Fortune Global 500" companies and promoting investment attraction in high-tech manufacturing and high-end service industries.
Convenience Improvements for Foreigners
Improving convenience for Chinese entry and exit and simplifying residence permit procedures to support foreign enterprises' talent acquisition and smooth business operations.