Regulations to create favorable conditions for entrepreneurship came into force in South China's Hainan province on Nov 1, the Hainan Daily reports.
These regulations consist of 39 articles. They are based on this year's Hainan Free Trade Port Law of China and the law on for improving the business environment passed in 2019.
The regulations will enhance the rule of law in Hainan's business environment, improve the implementation of the Chinese central government's strategic plans in the province and improve government services for businesses. The new regulations will also help eliminate barriers to market access as well as optimize the market and social environment.
In addition, the new regulations are conducive to improving the government's level of services with an ultimate goal of forming a joint force to improve the business environment for society as a whole.
Hainan will publicize and fully implement the regulations, and strive to create a fair, transparent, and predictable business environment to promote the comprehensive deepening of reform, opening-up and the construction of the Hainan Free Trade Port, according to Zhang Xiangguo, deputy secretary-general of the Hainan Provincial Government and the director of the Hainan Provincial Business Environment Optimization Office.
