Beijing Foreign Investment Guide 2019-2020

Beijing Municipal Commerce Bureau CONTENTS

Economic Scale/24 Open Economy/25 New Economy/27 Market Potential/32 Advantageous Industries/33

BEIJING B INVESTMENT PROFILE GUIDANCE ECONOMIC A DEVELOPMENT C

Natural Condition/6 Investment Advantages /38 Master Plan/8 Foreign Investment Policies/41 Infrastructure/14 Policies on Comprehensive Pilot of Life of Residents/16 Opening up the Service Sector/43 Culture and Health/17 Policies on High-grade, Precision and Science, Technology and Advanced Industries/49 Education/19 Relevant Policies on Headquarters Economy/50 Key Policies of Zhongguancun National Independent Innovation Demonstration Zone/51 Industrial Parks/53 Investment Service Organisations in Beijing/152 Reform Achievements Obtained Part of the Scientific and Technological by Optimizing the Business Incubators in Beijing/154 Environment/58 Prices Related to Business Investments in Policies for Optimizing the Business Beijing/155 Environment Version 3.0/59 Lifestyle Services in Beijing/164 Action Plan for Optimizing the Foreign (Regional) Organisations in Business Environment/62 Beijing/170

D INVESTMENT F MANAGENT BUSINESS APPENDIX ENVIRONMENT E

Approval and Filing/66 Enterprise Registration/69 Foreign Exchange Administration/80 Taxation/86 Customs Procedures/108 Financial Administration/127 Labour and Social Security/128 Medical Security/133 Administration of Exit and Entry/133 Land Administration/144

2019-2020

BEIJING PROFILE

»» Natural Condition/6 »» Master Plan/8 »» Infrastructure/14 »» Life of Residents/16 »» Culture and Health/17 »» Science, Technology and Education/19 A●BEIJING PROFILE

Natural Condition

»» Geographic Location

Beijing, located at 39.56 degrees north latitude and 116.20 degrees east longitude, is situated north of North Plain. Surrounded by mountains to its west, north and northeast, the city slopes southeast to the Bohai Sea.

»» Total Area »» Permanent Population

16,410.5 square kilometers (6,336 square miles) 21.542 million (by the end of 2018)

»» Administrative Divisions

16 districts

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Beijing Administrative Region Planning Map

»» Ethnic Groups

People from China's 56 ethnic groups reside in Beijing, most of them are Han people.

»» Climate

Beijing has a temperate, semi-humid continental monsoon climate, characterized by short springs and autumns, hot and rainy summers and cold and dry winters. In 2018, Beijing’s annual average temperature is about 11.9 degrees Celsius, and its annual average precipitation, which mainly falls in summer, is about 575.9 millimeters.

»» City Trees »» City Flowers

Chinese Scholar tree and the oriental arb Chinese rose and chrysanthemum

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Master Plan

In September 2017, the Beijing Urban Master Plan (2016 -2035) ("Master Plan") was replied from and approved by the Central Committee of the Communist Party of China (CPC) and the State Council.

»» Strategic Orientation

China's political, cultural, international exchange and scientific and technological innovation centre.

»» Development Goal

Develop Beijing into a world-class harmonious and liveable city. Based on its reality and highlighting its Chinese characteristics, Beijing will be built according to first-class international standards and people-centred development thought, with extensive and important international influence in politics, science and technologies, culture, society and ecology. Beijing will take the lead in driving the coordinated development of Beijing, Tianjin and Hebei Province, creating a capital-centred world-class city cluster.

»» Spatial Layout

An urban spatial structure featuring "one core, one centre, one sub-centre, two axes, multiple points and one area." One Core: the capital's core functional area. The functional area has a total area of about 92.5 square kilometres (sq.km). One Centre: central urban area. The central urban area includes six downtown districts, namely Dongcheng, Xicheng, Chaoyang, Haidian, Fengtai and Shijingshan, covering a total area of about 1,378 sq.km. One Sub-centre: Beijing's urban sub-centre. The planning scope of Beijing's urban sub-centre covers originally Tongzhou New Town with a total area of 155 sq.km. Two Axes: the Central Axis and its extensions, Chang'an Avenue and its extensions. The Central Axis and its extensions refer to the traditional Central Axis and its southern and northern extensions. The traditional Central Axis starts from Yongding Gate in the south and the Bell

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and Drum Towers in the north, spanning for about 7.8 kilometres (km). Its northern extension can reach the Yanshan Mountains and the southern extension to Beijing's new airport (Daxing International Airport) and the Yongding River. Centred on the Tiananmen Square, the Chang'an Avenue extends eastwards and westwards respectively. Of them, the section between Fuxing Gate and Jianguo Gate is about 7 km long. It extends westwards to Shougang area, Yongding River and the Western Hills, and eastwards to Beijing's urban sub-centre, the North Canal and the Chaobai River. Multiple Points: five new towns in the plains. They refer to Shunyi, Daxing, Yizhuang, Changping and Fangshan new towns, which are designated to carry out the functions of the central urban area and for dispersing population. These new towns serve as important areas to promote the coordinated development of Beijing, Tianjin and Hebei Province. One Area: ecological conservation area. The ecological conservation area refers to the mountainous regions of Mentougou, Pinggu, Huairou, Miyun, Yanqing and Changping districts. It constitutes the ecological conservation area in the middle, west and north of the Beijing- Tianjin-Hebei Province regions, and is Beijing's "oxygen bar" and key to the capital's sustainable development.

9 A●BEIJING PROFILE

Sketch Map of Beijing's Planned Layout

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Sketch Map of Beijing as China's Cultural Centre

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Sketch Map of Beijing as China's Scientific and Technological Innovation Centre

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Sketch Map of the Beijing-Tianjin-Hebei Region

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Infrastructure

»» External Transport

Beijing is China's aviation and railway transport centre, with an advanced external transport network involving railways, air routes and highways. Aviation:Beijing has two major civil airports: Beijing Capital International Airport (BCIA) and Beijing Daxing International Airport (BDIA). BCIA is the largest and busiest airport with the most advanced facilities in China. It is also China's main airport linking Asian, European and American aviation markets. Nearly 1,700 flights of 94 airlines connect Beijing with 244 cities in 54 countries every day through BCIA. BDIA, which was officially put into operation in September 2019, is the largest new airport in the world. By 2025, the airport's passenger throughput is expected to reach 72 million annually. Railways:Beijing is the largest domestic railway transport hub with several major railway stations: , Beijing West Railway Station, Beijing South Railway Station and Beijing North Railway Station. Railways, including Beijing- , Beijing-Shanghai, Beijing-, Beijing-Baotou and Beijing-Tongliao railways, link Beijing with other domestic cities. International trains leave Beijing for the Democratic People's Republic of Korea, Mongolia and Russia. Highways: Eight backbone expressways start from or pass Beijing, and 12 national highways start from Beijing, forming a land transport network with Beijing at the centre.

»» City Transport

Road construction: By the end of 2018, Beijing's road mileage was 22,255.8 km, an increase of 29.8 km year on year. Among them, the expressway mileage is 1,114.6 km, an increase of 101.6 km. At the end of the year, the urban road mileage was 6,394.8 km, an increase of 35.8 km year on year. Public transportation: By the end of 2018, Beijing had 888 bus lines, an increase of 2 bus lines over the end of last year; the total length of the bus lines was 19,245 km, a decrease of 45 km; Public buses numbering 24,076 were in operation, with an decrease of 1,548 buses; Public buses served 3.19 billion passengers, a decrease of 5.1%. Rail transport: By the end of 2018, Beijing had 22 rail transit lines, the same as last year; the total length of the rail transit lines was 636 km, an increase of 28 km; Public rail transit vehicles

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numbering 5,656 were in operation, with an increase of 314 rail transit vehicles; Public rail transit served 3.85 billion passengers, an increase of 1.9%.

»» Public Utilities

In 2018, billed tap water consumption was 1.12 billion cubic metres, an increase of 0.8% over the last year. Among them, 130 million cubic meters of water were used in industry and construction, an increase of 3.2%; 410 million cubic meters were used in service industry, an increase of 0.7%; 550 million cubic meters were used in households, an increase of 0.4%. In 2018, electricity consumption was 114.2 billion kilowatt-hour (kWh), an increase of 7.1% over the last year. Among them, 88.6 billion kWh of electricity was used in industrial production, an increase of 4.2%; 25.6 billion kWh of electricity was used in urban and rural household, an increase of 18.2%. In 2018, the total supply of liquefied petroleum gas was 470,000 tons, a decrease of 4.5% over the last year; the total supply of natural gas was 18 billion cubic meters, an increase of 12.9%. By the end of 2018, Beijing had 9.34 million households as gas users, an increase of 0.5%; Natural gas household users accounted for 6.72 million, an increase of 3%. By the end of 2018, the length of gas pipelines reached 30,800 km, an increase of 17. 6%. In 2018, each above 100,000 square metres, which totaled 670 million square metres, were served by Beijing's concentrated heating, an increase of 2% over the last year.

»» Post and Telecommunications

In 2018, the total amount of postal and telecommunication services reached 215.14 billion yuan, an increase of 66.2% over the last year in terms of comparable prices. Among them, the total postal business was 39.79 billion yuan; Total telecommunication business was 175.35 billion yuan, an increase of 100%. Postal letters were 210 million copies; Express delivery was 2.21 billion units. By the end of 2018, Beijing had 6.142 million fixed telephone subscribers, and telephone lines were 28.5 per 100 people. Beijing’s mobile phone users amounted to 40.09 million, on average 186.1 mobile phones per 100 people. There were 6.342 million households as fixed broadband internet users, an increase of 17.1%; Mobile internet access traffic was 1.82 billion gigabytes, an increase of 130%. In the first three quarters of 2019, the total amount of post and telecommunications business was 227.4 billion yuan, up 55.5% year on year.

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Life of Residents

In 2018, Beijing residents' per capita disposable income reached 62,361 yuan, an increase of 9% over the same period last year, reflecting an actual growth rate of 6.3% after adjusting for inflation. The residents consumption per capita was 39,843 yuan, an increase of 6.5% compared with the same period last year. In 2018, the number of people participating in basic endowment insurance for enterprise employees was 15.915 million, in basic medical insurance was 16.289 million, in unemployment insurance was 12.407 million, in work-related injury insurance was 11.87 million, and in maternity insurance was 11.04 million. The number of urban and rural residents participating in endowment insurance is 2.09 million, and the number of urban residents participating in basic medical insurance is 3.908 million. The number of urban residents benefited from the minimum living security in the city is 67,000, and the number of rural residents benefited from the minimum living security is 37,000. In the first three quarters of 2019, Beijing residents' per capita disposable income was 50,541 yuan, an increase of 8.9% over the same period last year. The resident’s consumption per capita was 31,542 yuan, an increase of 7.7% compared with the same period last year. By the end of September 2019, the number of foreigners participating in basic medical insurance for urban workers in Beijing was 49,956, and the number of foreigners participating in maternity insurance urban employees in Beijing was 35,229.

2018 Basic Living Conditions of Beijing's Residents

Year-on-Year Item 2018 Increase% Per capita disposable income (yuan) 62,361 9

Consumption expenditure per capital (yuan) 39,843 6.5 In Beijing Engel Coefficient (%) 20.2 -

Per capita housing area (sq.m) 38.6 1.8

Per capita disposable income (yuan) 67,990 8.9

Consumption expenditure per capital (yuan) 42,926 6.4 In urban areas Engel Coefficient (%) 20 -

Per capita housing area (sq.m) 33.1 1.6

Data source: Beijing Municipal Bureau of Statistics

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Culture and Health

»» Culture

In 2018, there were 3, 491 kinds of registered journals, 239 publishing houses, 350 internet publishing service units, and 7,522 publishing units in Beijing. 9488 publications with copyrights were introduced and 920,000 copyrights were registered. In 2018, there were 5.932 million registered subscribers of cable TV, of which 5.247 million were HD interactive digital TV subscribers. There were 238 cinemas in 27 cinemas lines in Beijing, showing 3.095 million films with 76.447 million audiences and 3.5 billion yuan at box office. 51 TV plays with 2,325 episodes, 16 TV cartoons with 5,196 minutes and 410 films were produced. In 2018, there were 7,131 public cultural facilities at level-four in Beijing, with an average coverage rate of 98.9%. A level-four public cultural service facilities network covered urban city street and rural township community village has been built, with which the cultural service is within 15 minutes. Among them, the municipal facilities contain the Capital Library and Beijing Cultural and Art Activity Center; the facilities contain 22 libraries and 20 cultural centers; the city street and township facilities have 330 comprehensive cultural centers; the community and village facilities have 6,757 comprehensive cultural rooms. In 2018, there are 82 free museums and memorials in Beijing. On average, more than 600 exhibitions and activities are held each year, serving more than 50 million visitors annually.

2018 Beijing's Public Cultural Facilities

Public Art Public Libraries Archives Museums and Cultural Cinemas Centres

Total volume of Quantity publications (Unit: Quantity (Unit: 10,000 files) Quantity Quantity Quantity 10,000 volumes)

24 6701.2 18 868.7 179 20 238

Data source: Beijing Municipal Bureau of Statistics

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»» Sanitation

In 2018, there were 11,100 public health institutions in Beijing, an increase of 114 year on year; There were 124,000 beds in medical institutions, an increase of 3,000; of which 116,000 were hospital beds. The number of health staff reached 282,000, an increase of 5,000 year on year. The total number of medical treatment visits was 247.5 million, an increase of 3.6% over the previous year. The annual incidence of Class A and B infectious diseases was reported at 128.9 per 100,000, with a mortality rate of 0.7 per 100,000. The health services accessibility and quality ranks No.1 in China and No.21 out of 195 countries and regions in the world.

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Science, Technology and Education

»» Science and Technology

In 2018, Beijing had 242 research institutions affiliated to the central government, accounting for 75% of the country’s total, and had 25,000 state-level high-tech enterprises. The investment in research and development was 187.08 billion yuan, with the investment intensity of 6.2%. The number of patent applications and authorizations was 211,000 and 123,000 respectively, an increase of 13.6% and 15.5% over the previous year; the number of effective invention patents was 241,000, an increase of 17.5%. In the whole year, 82,000 technical contracts were signed, an increase of 1.5%; the total volume of technical contracts was 495.78 billion yuan, an increase of 10.5% year on year. Beijing ranks No. 1 in the national scientific and technological innovation and development cities, and has organized a number of internationally influential events and academic exchange activities, including Zhongguancun Forum, World Robot Conference, International Artificial Intelligence and Education Conference, Beijing International Academic Exchange Season.

2014-2018 Beijing's R&D Expenditures and Growth

2000 20.0% 1870.8 1800 18.0% 18.4%

1600 16.0% 1484.6 1579.7 1384 1400 14.0% 1268.8

1200 12.0%

1000 9.1% 10.0% 7.3% 800 8.0% 6.4% 600 6.0% 7.1% 400 4.0%

200 2.0%

0 0.0% 2014 2015 2016 2017 2018

Beijing’s R&D Expenditures(100 million yuan) Growth rates (year-on-year)

Data source: Beijing Municipal Bureau of Statistics

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Number of Beijing's Patent Applications in 2014-2018 250000

210000

200000 189129 185928

156312 150000 138111

100000

50000

0 2014 2015 2016 2017 2018

Number of patent applications

Data source: Beijing Municipal Bureau of Statistics

»» Education

Beijing has 92 colleges and universities, including Tsinghua University, Peking University and other top universities in the world. Among them, 34 universities have been enlisted into the national list of "world-class universities and first-class disciplines". Beijing's educational resources take the lead in the country, and it is one of the most developed areas of Chinese education and culture.

2018 Development of Higher Education in Beijing

Unit: 10,000 persons 70 58.1 60

50

40 33.6

30

20 15.6 14.7 14.4 11.7 8.7 10 5.5 6

0 Postgraduate education Regular higher education Adult undergraduate education and professional training

Recruit students Students enrollment Graduates Data source: Beijing Municipal Commission of Education

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2018 Development of Basic Education in Beijing

Unit: 10,000 persons 100 91.3 90

80

70

60

50 45.1

40 27.9 30 18.4 15.5 16.5 20 12.5 10.1 11.7 7 9.1 4.7 5.1 10 2.5 3.8 0.1 0.6 0.1 0 Regular high Regular junior Regular primary Kindergarten Secondary Special education school middle school school vocational education Recruit students Students enrollment Graduates Data source: Beijing Municipal Commission of Education

2018 Higher-learning Institutions in Beijing and China

In Beijing In China Proportion (%)

Number of higher-learning institutions 174 2,940 5.9

Colleges and 59 580 10.2 Number of post- universities graduate educational Scientific research institutions 88 235 37.4 institutions

Data source: Ministry of Education, Beijing Municipal Commission of Education

2018 Private Education Institutions in Beijing

Number Students enrollment

Private universities 16 58,030

Private secondary educations 118 32,039

Private primary school 56 46,006

Private kindergartens 701 166,127

Data source: Ministry of Education, Beijing Municipal Commission of Education

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2019-2020 New Economy/27 Market Potential/32 Advantageous Industries/33 Economic Scale/24 Open Economy/25 » » » » » » » » » » DEVELOPMENT ECONOMIC B●ECONOMIC DEVELOPMENT

Economic Scale

In 2018, Beijing's GDP was 3.032 trillion yuan, an increase of 6.6% over last year after adjusting for inflation. Beijing's industrial structure involving the three industries was changed from 0.4 : 19 : 80.6 in last year to of 0.4 : 18.6 : 81 in 2019. The per capita GDP was 140,000 yuan among to the resident population. In the first three quarters of 2019, Beijing's GDP reached 2313 billion yuan, an increase of 6.2% year-on-year growth at comparable prices. Among them, the contribution rate of financial, information services, science and technology services and other advantageous industries to the city's economic growth reached 68.6%. The added value of the financial industry reached 42.21 billion yuan, an increase of 9.2%; The added value of the information transmission, software and information technology services reached 296.4 billion yuan, an increase of 13.4%; The added value of the scientific research and technology services reached 291.11 billion yuan, an increase of 8%.

2018-2019 Added Value of the Three Industries in Beijing of Q3

Primary industry Secondary industry Tertiary industry

Added value Added value Added value Year-on-Year Year-on-Year Year-on-Year (100 million (100 million (100 million Increase % Increase% Increase % yuan) yuan) yuan)

2018 118.7 -2.3 5647.7 4.2 24553.6 7. 3

2019 Q3 79.4 2.9 2889.7 4.9 19160.9 6.4

Data source: Beijing Municipal Bureau of Statistics

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Open Economy

»» Import and Export

In 2018, Beijing's import and 2014–2018 Beijing's Gross Import and Export Volumes export volume was 2.7 trillion yuan ($412.43 billion), an 30000.0 increase of 23.9% year-on-year, 25000.0 which was 14.2 percentage points higher than that of the 20000.0 22302.9 whole country, ranking first 15000.0 21688.6 17961.4 among the import and export 16432.6 15218.6 10000.0 provinces. Among them, the export was 487.85 billion yuan, 5000.0 3829.4 3395.0 3433.5 3962.5 4878.5 by increase of 23% year-on-year 0.0 growth; the import was 2230.39 2014 2015 2016 2017 2018 billion yuan, by increase of Export volumes (100 million yuan) Import volumes (100 million yuan) 24.1% year-on-year. Data source: Beijing Municipal Bureau of Statistics

2018 Beijing's Main Foreign Trade Partners

Export Import Export volume Proportion Import volume Proportion Country (Region) Country(Region) ($ million) (%) ($ million) (%) Singapore 9145.21 12.3 United States 28976.33 8.6

Hong Kong 7634.66 10.3 Germany 23504.73 6.9 United States 5259.38 7.1 Australia 20618.60 6.1 Republic of Korea 3082.98 4.2 Iraq 19593.55 5.8 Japan 3059.11 4.1 Saudi Arabia 19272.83 5.7 Vietnam 2423.22 3.3 Angola 17096.24 5.1 Philippine 2339.44 2.7 Russian federation 16053.78 4.7 Australia 2146.77 2.9 Japan 13164.41 3.9

Pakistan 2005.35 2.7 Brazil 12759.19 3.8 The People's Republic 1928.15 2.6 Iran 11669.35 3.4 of Bangladesh

Data source: Beijing Municipal Commerce Bureau

25 B●ECONOMIC DEVELOPMENT

In 2018, the import and export volume of Beijing's trade in services was 1062.89 billion yuan ($160.62 billion), which accounted for 20.3% of the total import and export volume of the whole country, increasing by more than 10% year-on-year, and maintaining the national leading level.

»» Foreign Investment

In 2018, Beijing absorbed $41.88 billion in contractual foreign investment, an increase of 24.6% over the previous year. The actual utilization of foreign investment was $17.31 billion. By the end of 2018, more than 165 countries/regions and more than 43,000 foreign-invested enterprises had set up in Beijing, with the total actual utilization of foreign investment exceeding $155 billion, accounting for 7% of the total. Beijing has become a "strong magnetic field" for China to attract foreign investment. Among them, information transmission, computer service and software industry accounted for 26.1%, leasing and business service industry accounted for 15.7%, scientific research, technical service and geological exploration industry accounted for 13.9%, and real estate industry accounted for 11.2%.

2018 Main Sources of Foreign Investment in Beijing

Foreign Investment Actually Utilized Source Proportion (%) ($ million)

Hong Kong 12498.88 72.2%

Bermuda 1313.62 7.6%

Cayman Islands 594.55 3.4%

Republic of Korea 578.25 3.3%

United States 348.92 2%

British Virgin Islands 293.89 1.7%

Germany 285.87 1.7%

Japan 202.91 1.2%

Singapore 107.44 0.6%

France 74.37 0.4%

Data source: Beijing Municipal Commerce Bureau

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»» Foreign Investment

In 2018, Beijing approved a total of 230 overseas investment projects with contract values of $7.41 billion with a turnover of $4.2 billion, and employed 31,000 workers. Among them, the contract values of foreign contracted projects were $7.3 billion, the turnover was $4 billion, and the number of personnel dispatched for foreign contracted projects was 12,000. In 2018, Beijing's foreign direct investment was $6.47 billion. By the end of 2018, Beijing’s stock of direct investment reached $69.95 billion, an increase of 7.9% year on year.

New Economy

In 2018, the added value of the new economy of in Beijing reached 1,005.74 billion yuan, an increase of 9.3% over the previous year at current prices, accounting for 33.2% of the city's regional GDP, an increase of 0.4% year-on-year. With the continuous deepening of supply side structural reform in Beijing, new industries, new formats and new business models in Beijing have grown steadily, science and technology innovation has been active, the city's economic vitality has been further enhanced, and the quality of development further improved.

»» "High-grade, precision and advanced" strategy drives the steady development of industry

The high-tech manufacturing industry grew rapidly. In 2018, Beijing's high-tech manufacturing industry maintained a double-digit growth. The added value of high-tech manufacturing industry above designated size increased by 13.9% over the previous year at comparable prices, which is 9.3 percentage points faster than the growth of industry above designated size, and its contribution to the growth of industry above designated size reached 66.3%. Among them, electronic and communication equipment manufacturing, aviation, spacecraft and equipment manufacturing, and pharmaceutical manufacturing increased by 19.6%, 18.7% and 16.2% respectively. With the digital and intelligent life style entering into the common people's families, the production of related products has a good growth momentum, with the output of smart TV and smart phone increasing by 1.8 times and 20.9% respectively.

27 B●ECONOMIC DEVELOPMENT

»» "New technology and new mode" inject vitality into service industry

Entrepreneurship and investment in information and technology industries are more active. First, the enthusiasm for entrepreneurship continues to rise. Among the newly established enterprises in Beijing in 2018, information service industry and technology service industry accounted for 38.5% of the total, an increase of 0.4 % year-on-year; the registered capital reached 731.14 billion yuan, an increase of 13.5% year-on-year. Second, investment in "high-grade, precision and advanced" industries increased. In 2018, Beijing's high-tech service industry completed an investment of 50.78 billion yuan, an increase of 18.9% year- on-year, of which the investment in information service industry increased by 31.2% and the investment in science and technology service industry increased by 7.7%. Third, the income of Internet service industry increased rapidly. From January to November 2018, service enterprises above designated size based on Internet economy achieved total operating revenue of 1.4 trillion yuan, a year-on-year growth of 7%, which is 0.8 % higher than the growth rate of service enterprises. The new mode promotes business transformation and upgrading. In 2018, the online retail sales of Beijing's wholesale and retail industries above designated size reached 263.29 billion yuan, an increase of 10.3% over the previous year, accounting for 22.4% of the city's retail sales, and contributing 80.6% to the growth of retail sales. The revenue of catering enterprises above designated Ssze through the public network was 12.47 billion yuan, an increase of 39.3% over the previous year, and the contribution rate to the growth of the city's catering revenue reached 33%. Internet finance keeps a good momentum. In 2018, internet finance related industries in Beijing increased by 44.3% year on year. Among them, the operating revenue of payment service industry of non-financial institutions increased by 55.1%, and that of financial information service industry increased by 18.1%.

»» Scientific and technological innovation accumulates new momentum of economic development

Zhongguancun plays a leading role in innovation. From January to November in 2018, the high- tech enterprises above the scale in the Zhongguancun demonstration zone achieved technological income of 823.8 billion yuan, a year-on-year growth of 29.6%, an increase of 9.2 percentage points compared with the same period last year, of which the proportion of technological income in total income was 17.2%, an increase of 2.2 percentage points year-onyear.

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R & D investment in information service industry and science and technology service industry increased rapidly. The information and technology service industries are important industries that play an innovation driven role. From January to November in 2018, among the large and medium-sized enterprises above designated size, the R & D expenditure of information transmission, software and information technology service industries increased by 16% and kept at a high level; the R & D expenditure of scientific research and technology service industry increased by 31.4%, 30.7 percentage points higher than the same period of last year.

»» "Mass entrepreneurship and innovation" level further improved

In 2018, the comprehensive index of "mass entrepreneurship and innovation" (hereinafter referred to as "Double Innovation") in Beijing was 106.6, which is 6.6 points higher than that in 2017. Among them: The environmental index of "Double Innovation" was 112.4, which is 12.4 points higher than that in 2017. With the implementation of policies and measures such as "9 + N", "9 + N" version 2.0 and "Beijing Action Plan for Further Optimization of Business Environment (2018–2020)", Beijing’s business environment has been significantly improved, the effect of tax reduction and fee reduction is remarkable, and about 40 billion yuan was reduced in the annual new tax reduction and fee reduction. The resource index of "Double Innovation" is 100.5, an increase of 0.5% over the previous year. The policies of introducing high-end talents are strengthened, which introduced and settled more than 2,300 outstanding scientific and technological innovation talents, and provided about 82,000 sets of public rental housing for talents. The proportion of foreigners and overseas students in entrepreneurs is 11.1%, an increase of 0.8% over the previous year. There are abundant scientific and technological achievements and active technology market. In 2018, the number of invention patents owned by 10,000 people in Beijing reached 112, an increase of 18.5% over the previous year; the total contract turnover in the technology market was 495.78 billion yuan, an increase of 10.5% over the previous year; the technical contract turnover of 10,000 R&D personnel was 12.49 billion yuan, an increase of 10.6% over the previous year. The vitality index of "Double Innovation" was 104.6, an increase of 4.6% over the previous year. The proportion of science and technology activities carried out by enterprises under the scale of Zhongguancun was 63.4%, an increase of 10.4% over the previous year. There were 152 science and technology business incubators in Beijing, of which the number of the incubators in "three cities and one district" accounted for 57.2%; the total income of science and technology business incubators increased by 38.1% over the previous year, of which the total

29 B●ECONOMIC DEVELOPMENT

income of the incubators in "three cities and one district" accounted for 82.5%. There were 282 maker spaces in Beijing, of which the number of maker spaces in "three cities and one district" accounted for 47.5%. "Double Innovation" service institutions built incubation platforms for the development of "high-grade, precision and advanced" industries, and provided technical services for innovation and entrepreneurship enterprises and teams. Among the institutions providing technical services, the "Double Innovation" service institutions which served "top 10 high-grade, precision and advanced industries" accounted for more than 90% of all its service institutions. The performance index of "Double Innovation" was 108.8, an increase of 8.8% over the previous year. There were 82 Unicorn enterprises, accounting for nearly half of the whole country. More than 30% of Unicorn enterprises are engaged in artificial intelligence, big data, biomedicine and other cutting-edge scientific and technological fields, which provide new impetus for the development of "high-grade, precision and advanced" industries. The technological innovation capacity of small and medium-sized micro enterprises is enhanced. The number of patent applications by small- and micro-enterprises was 13,325, an increase of 8.8% over the previous year; the sales revenue of new products of Zhongguancun enterprises accounted for 38.9% of the sales revenue of products, an increase of 19 percentage points over the previous year.

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Statistical monitoring index of "Mass entrepreneurship and innovation" in Beijing

Essential Serial Index factor number

1 Time required for new business registration (days, N)

The ratio of innovation cooperation between enterprises and 2 institutions (%, S) The The proportion of small and micro enterprises benefits from the environment 3 of "Double innovation related policies (%, S, B) Innovation" The number of cases settled in the first instance of intellectual 4 property (piece, B)

The proportion of loan balance of small and micro enterprises in 5 various loan balances (%)

6 R & D investment intensity of industrial enterprises (%)

7 Angel investment and VC / PE Investment (10,000 yuan)

The resources The proportion of foreigners and overseas students to entrepreneurs 8 of "Double (%) Innovation" 9 The number of invention patents owned by 10000 people (piece)

Technical contract turnover of 10,000 R & D personnel (100 million The Index 10 yuan) of "Double Innovation" 11 Density of newly established scientific and technological enterprises

The proportion of science and technology activities carried out by 12 enterprises under the scale of Zhongguancun (%) The vitality of "Double 13 Network entrepreneurship activity Innovation" Activity of science and technology business incubator in incubation 14 (%)

Average working age of legal person in Zhongguancun enterprise 15 (years old, N)

The proportion of new products sales revenue to products sales 16 revenue (%)

The number of patent applications by small and micro enterprises 17 The fruits (piece) of "Double Innovation" 18 New economic added value (100 million yuan)

19 Profit growth rate of Zhongguancun high-tech enterprise (%)

20 The number of Unicorn enterprises in Zhongguancun (B)

Note: N is the inverse index; S is the survey index; B is the background index.

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Market Potential

»» Fixed Assets Investment

In 2018, the fixed asset investment of the whole society in Beijing decreased by 9.9% year on year, and the investment structure continued to be optimized. In terms of sub sectors, investment in infrastructure decreased by 10.7%, of which the investment in transportation increased by 1.1% and the investment in real estate development increased by 3.4%. In the growth of real estate development investment, government-subsidized housing investment increased by 44.1%. In terms of industrial division, the investment in the primary industry increased by 8.9%; the investment in the secondary industry decreased by 43.2%, of which, the investment in the industry decreased by 44.1%; the investment in the tertiary industry decreased by 6.3%, of which, the investment in the industries in line with the development direction of the capital increased rapidly, the investment in information transmission, software and information technology services increased by 31.2%, the investment in scientific research and technology services increased by 7.7%, and the investment in culture, sports and entertainment industries increased by 11.8%. Infrastructure investment accounted for 32.7% of the city's investment. Among them, transportation accounted for 51.2%, public service 22.9% and energy 10.5%.

Infrastructure investment in Beijing in 2018

8% 8% 交通运输Transportation 公共服务业Public service industries 10% 能源Energy 51% 邮政电信Postal telecommunication 其他others 23%

Data source: Beijing Municipal Bureau of Statistics

In the first three quarters of 2019, the investment in fixed assets (excluding farmers) in Beijing increased by 4.7% year on year, of which the investment in real estate development increased by 6.8%. In terms of sub sectors, leasing and business services increased by 2.2 times, culture, sports and entertainment investment increased by 93.1%, health and social work investment increased by 81.8%, and scientific research and technical services increased by 27.5%.

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»» Market Consumption

In 2018, Beijing achieved a total market consumption of 254,059 million yuan, an increase of 7.4% over the previous year. Among them, the service consumption was 1,365.82 billion yuan, an increase of 11.8%, which became the main driving force of consumption growth. The total retail sales of social consumer goods reached 1,174.77 billion yuan, an increase of 2.7%, of which, wholesale and retail enterprises above designated size achieve online retail sales of 263.29 billion yuan, an increase of 10.3%, accounting for 22.4% of the total retail sales of social consumer goods. In the first three quarters of 2019, Beijing achieved a total market consumption of 19805.5 billion yuan, an increase of 7.7% year on year. The service consumption reached 110.156 billion yuan, an increase of 10.2%, which contributed 71.8% to the growth of total consumption, leading the transformation and upgrading of consumption in the capital. The total retail sales of consumer goods reached 878.99 billion yuan, an increase of 4.8%. Among them, wholesale and retail enterprises above Designated Size achieved online retail sales of 232.46 billion yuan, an increase of 25.5%.

Advantageous Industries

»» Financial Industry

In 2018, the added value of 2014-2018 Added Values of Beijing's Financial Industry and Proportions in Beijing's GDP Beijing's financial industry was 508.46 billion yuan, 6000 20.00% 17.10% 15.70% 16.60% 5084.6 which accounted for 16.8% 5000 14.90% 4266.8 15.00% 12.70% of the GDP, an increase of 4000 3926.3 4634.5 3357.7 7.2% year-on-year. 3000 10.00%

In the first three quarters of 2000 5.00% 2019, the added value of 1000

Beijing's financial industry 0 0.00% was 422.17 billion yuan, an 2014 2015 2016 2017 2018 Added values of Beijing's financial industry (100 million yuan) increase of 9.2% year-on-year. Proportions in Beijing's GDP Data source: Beijing Municipal Bureau of Statistics

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»» Information Transmission, Software and Information Technology Service Industry

In 2018, the value-added of information transmission, software and information technology services in Beijing reached 385.9 billion yuan, an increase of 19% year-on-year, accounting for 12.7% of the city's GDP. In the first three quarters of 2019, the added value of Beijing's information transmission, software and information technology services was 296.4 billion yuan, an increase of 13.4%.

2014-2018 Added Values of Beijing's Information Transmission, Software and Information Technology Service Industry and Proportions in Beijing's GDP 5000 15.0% 11.3% 12.7% 4000 11.2% 10.8% 9.8% 3859 10.0% 3000 3169 2697.9 2000 2383.9 2081.9 5.0% 1000

0 0.0% 2014 2015 2016 2017 2018 Added Values of Beijing's Information Transmission, Software and Information Technology Service Industry (100 million yuan) Data source: Beijing Municipal Bureau of Statistics Proportions in Beijing's GDP

»» Scientific and Technological Service Industry

In 2018, the added value of scientific research and technology services reached 322.39 billion yuan, an increase of 10.4% year-on-year, accounting for 10.6% of the city's GDP. In the first three quarters of 2019, the added value of scientific research and technology services was 291.11 billion yuan, an increase of 8% year-on-year. 2014–2018 Added Values of Beijing's Scientific Research and Technological Service Industry and Proportions in Beijing's GDP 4000 12.0% 10.2% 10.6% 10.0% 3000 3223.9 2859.2 8.0% 8.4% 7.9% 2000 7.8% 6.0% 2077.9 1662.7 1820.6 4.0% 1000 2.0%

0 0.0% 2014 2015 2016 2017 2018 Added Values of Beijing's Scientific Research and Technological Service Industry (100 million yuan) Proportions in Beijing's GDP Data source: Beijing Municipal Bureau of Statistics

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»» Lease and Commercial Service Industry

In 2018, the added value of the lease and commercial service industry in Beijing reached 201.66 billion yuan, an increase of 1.9% over the previous year, accounting for 6.7% of the city's GDP. In the first three quarters of 2019, the added value of rental and business services in Beijing was 148.82 billion yuan, an increase of 0.9% year-on-year.

2014–2018 Added Values of Beijing's Lease and Commercial Service Industry and Proportions in Beijing's GDP 2100 8.5% 2016.6 8.0% 2000 1965.5 8.0% 7.7% 1900 1835.2 7.5% 1800 1766.8 7.0% 1700.2 7.4% 7.0% 1700 6.7% 1600 6.5%

1500 6.0% 2014 2015 2016 2017 2018 Added Values of Beijing's Lease and Commercial Service Industry (100 million yuan) Proportions in Beijing's GDP Data source: Beijing Municipal Bureau of Statistics

»» Cultural, Sports and Entertainment Industry

In 2018, the added value of the cultural, sports and entertainment industry in Beijing reached 64.59 billion yuan, an increase of 5.7% over the previous year, accounting for 2.1% of the city's GDP. In the first three quarters of 2019, the added value of the cultural, sports and entertainment industry in Beijing was 43.66 billion yuan, an increase of 4%.

2014–2018 Added Values of Beijing’s Cultural, Sports and Entertainment Industry and Proportions in Beijing’s GDP

800 2.4% 645.9 598.1 2.3% 583.52.3% 598.1 600 527.82.3% 2.3% 2.3% 470.4 583.5 527.8 400 2.2% 2.2% 2.2% 2.1% 2.1% 200 2.1% 2.1% 2.1%

0 2.0% 20142014年 20152015年 20162016年 20172017年 20182018年 Added Values北京市文化、体育和娱乐业增加值(亿元人民币) of Beijing's Cultural, Sports and Entertainment Industry 比上年增长 (100 million yuan) Proportions in Beijing's GDP

Data source: Beijing Municipal Bureau of Statistics

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2019-2020 Sector/43 Innovation Demonstration Zone/51 Industries/49 Relevant Policies on Headquarters Economy/50 Key Policies of Zhongguancun National Independent Industrial Parks/53 Investment Advantages /38 Foreign Investment Policies/41 Policies on Comprehensive Pilot of Opening up the Service Policies on High-grade, Precision and Advanced » » » » » » » » » » » » » » GUIDANCE INVESTMENT C●INVESTMENT GUIDANCE

Investment Advantages

»» Political Center

Beijing is China's political and policy-making center, where the central government is located. China's key political and economic policies are made here. By investing and establishing businesses in the capital, domestic and foreign investors can communicate with the central government, obtain information about key policies in a timely fashion, attain preferential policies, government procurement and support from the State.

»» Education, Science, Technology, Culture and Health Care Resources

Beijing is a city that boasts of China's strongest culture and educational resources, which is home to 92 institutions of higher learning, including Peking and Tsinghua universities. Key institutions of higher learning based in Beijing account for 25 percent of China's total. Beijing's education in kindergartens, primary and secondary schools is also among the best in the country. Beijing has 25,000 state-level high-tech enterprises, 75 percent of China's Central- owned research institutes and 80 percent of the country's influential cultural organizations are located in Beijing. The capital also has more than 10,000 medical institutions, including more than 50 Grade- Ⅲ , Class-A hospitals, treating more than 200 million people a year.

»» High-end Talents

Beijing has gathered high-end talents, and is home to more than 50 percent of academicians of the Chinese Academy of Sciences and the Chinese Academy of Engineering, more than 800,000 undergraduates and postgraduates, and more than 400,000 high-end talents. High- end talents are the primary driving force and resource for socio-economic development. Beijing's abundance of talents provides invaluable support for the development of Beijing- based enterprises.

»» Financial Resources

Beijing is one of the top 10 financial centers in the world. It is China's financial decision-making center, regulatory center and capital clearing center. It has the advantages of decision-making supervision, asset management, payment settlement and other functions. Beijing is also the

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location of important national financial infrastructure and many large financial institutions. The headquarters of China's largest banks, insurance, securities, funds, investment and other companies are all located in Beijing. Beijing's total financial assets account for nearly half of the country, ranking first in all cities in the country.

»» Infrastructures

Beijing gives priority to the building of infrastructures in urban development. Beijing is at the forefront of China's cities in building roads, railways, communications, electrical power, gas, science and technology, education, culture, health care and sports facilities. Beijing has two international airports; one is the Beijing Capital International Airport, which is the second international airport in the world with an annual passenger throughput of more than 100 million people; and the other Beijing Daxing International Airport which is the largest scale in the world. The total operating mileage of rail transit in Beijing is 637 kilometers. There are 11,000 medical institutions in Beijing, including first-class hospitals such as the Beijing Union Medical College Hospital and the Sino-Japanese friendship hospital, which provide huge convenience for the development of enterprises in Beijing.

»» Stability and Security

Beijing pays highly attention to social stability and security, keeps to optimize its social governance, production safety, and market supervision. By maintaining social order, the capital pays attention to food safety and medicine supervision. In food safety, reliable electricity, water, gas and heating supplies, Beijing comes first in the country.

»» Service Economy

The scale of Beijing's service industry has been ranked No.1 in China's major cities for many years. In 2018, the added value of the tertiary industry reached 2,256.93 billion yuan, an increase of 7.3%. Among them, financial, scientific and technological services, information services and other advantageous industries accounted for 40.1% of the city's GDP, with a total contribution rate of 67%. Many new brands, new formats and international brands choose Beijing as the first place in China, and then promoted in the whole country. In January 2019, the State Council approved the Comprehensive Pilot Work Plan on Comprehensively Promoting the Expansion and Opening-up of Beijing's Service Industry. Taking the opportunity of a new round

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of comprehensive pilot service industry expansion and opening-up, Beijing has implemented 177 specific measures, from 9 aspects such as service guarantee capacity, innovation and entrepreneurship ecology, financial reform and opening-up, and so on, to further promote the opening up of the service industry.

»» "High-grade, Precision and Advanced" Industries

Beijing has selected 10 industries as the top-notch industries for key development, and issued guidance and three supporting policies on land use, finance and talents. Beijing has also established the science and technology innovation funds with about $4.5 billion, which support the development of high-end industries in Beijing. In 2018, the high-tech manufacturing industry maintained a double-digit growth, with a year-on-year growth of 13.9%, which contribute 66.3% to the growth of industries above Designated Size. Among them, electronic and communication equipment manufacturing, aviation, spacecraft and equipment manufacturing industry, and pharmaceutical manufacturing increased by 19.6%, 18.7% and 16.2%, respectively.

»» Headquarters Economy

Beijing's unique capital advantages have promoted the development of headquarters enterprises in the capital. By 2018, Beijing has gathered 35,000 foreign resident agencies, more than 4,000 regional headquarters and R & D centers, 179 headquarters of multinational companies, of which 53 are the world's top 500 enterprise headquarters, ranking first in the world. The per capita contribution of headquarters enterprises in Beijing is 1.4 times that of enterprises above the designated level in the city; the total number of invention patents authorized by headquarters enterprises accounts for more than 60% of the total number of enterprises in the city.

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Foreign Investment Policies

Notice of the State Council on Measures to Enlarge Opening-up and Actively Utilize Foreign Capital (Guo Fa [2017] No.5) Guided by the concept of open development, we will further actively utilize foreign capital, create a good business environment, continue to deepen the reform of streamlining administration and delegating power, combining management and delegating power, optimizing service reform, reducing institutional transaction costs, and achieving mutual benefit and win-win results. It has defined the policy orientation of China's foreign capital utilization at present and in the future, and puts forward 20 specific measures in three aspects: first, to further expand the opening up; second, to further create a fair competition environment; third, to further strengthen the work of attracting foreign capital. http://www.gov.cn/zhengce/content/2017-01/17/content_5160624.htm

Notice of the State Council on Measures to Promote the Growth of Foreign Capital (Guo Fa [2017] No.39) We will deepen the reform of supply side structure, promote the reform of streamlining administration and delegating power, combining deregulation with management, and optimizing service. We will further improve the level of legalization, internationalization, and facilitation of China's foreign investment environment, promote the growth of foreign investment, and update the quality of foreign investment utilization. The policy measures used to promote the growth of foreign investment are put forward from five aspects including further reducing the restrictions on foreign investment access; formulating fiscal and tax support policies; improving the comprehensive investment environment of national development zones; facilitating the entry and exit of talents; and optimizing the business environment. http://www.gov.cn/zhengce/content/2017-08/16/content_5218057.htm

Notice of the State Council on Several Measures to Actively and Effectively Utilize Foreign Capital to Promote High-quality Economic Development (Guo Fa [2018] No.19) We will significantly relax market access and raise the level of investment liberalization. We will deepen the reform of "Decentralization Management Service" and update the level of investment facilitation. We will strengthen investment promotion and improve the quality and level of investment, update the level of investment protection and create a high standard

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investment environment, and optimize the layout of regional opening-up and guide foreign investment to the central and western regions. http://www.gov.cn/zhengce/content/2018-06/15/content_5298972.htm

Foreign Investment Law of the People's Republic of China (Order of the President of the People's Republic of China No.26) We will clarify "the State Implements National Treatment for Foreign Investment before Access" and "Negative List Management System", cancel the case by case approval system management mode, standardize the investment promotion and investment protection system. We will make clear regulations on the issues of profit export, intellectual property protection, non-compulsory technology transfer, and local government's compliance and commitment that foreign investors are concerned about. We will provide clear guidance for the governments and institutions to promote foreign investment in accordance with the law. The regulations come into force on January 1, 2020. http://www.gov.cn/xinwen/2019-03/20/content_5375360.htm

Regulations for the Implementation of the Law of the People's Republic of China on Foreign Investment (Order of the State Council of the People's Republic of China No. 723) According to the Law of the People's Republic of China on Foreign Investment, we will formulate supporting laws and regulations, refine the main systems determined by laws, form specific rules that can be operated, and continuously optimize the environment for foreign investment. They include encouraging and promoting foreign investment, refining specific measures to promote foreign investment, strengthening the protection of foreign investment and standardizing the management of foreign investment. http://www.gov.cn/zhengce/content/2019-12/31/content_5465449.htm

Opinions of the State Council on Further Improving the Utilization of Foreign Capital (Guo Fa [2019] No. 23) Based on stimulating market vitality, boosting investment confidence, safeguarding the national treatment of foreign-invested enterprises, and creating an open, transparent and predictable environment for foreign investment, the paper puts forward 20 policies and measures to stabilize foreign investment in four aspects: continuous deepening the reform of "Decentralization Management Service", further improving the utilization of foreign investment, stabilizing the scale of foreign investment, and optimizing the structure of foreign investment. http://www.gov.cn/zhengce/content/2019-11/07/content_5449754.htm

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The Beijing Municipal People's Government on the Opinions on Expanding Opening-up and Improving the Level of Utilizing Foreign Capital (Jing Zheng fa [2018] No. 12) We will further focus on expanding the opening up of the service industry and increasing the introduction of international high-end service supply. According to the development law of service industry, we will innovate the system and mechanism in terms of optimizing the business environment and strengthening the service of foreign talents, lead the structural reform on the supply side of the service industry to a deeper level, promote the accumulation of new momentum for the development of the service industry in line with the strategic positioning of the capital city, and create a fair and efficient business environment. http://www.bjsjs.gov.cn/yshj/zcwj/20180411/12780138.shtml

Policies on Comprehensive Pilot of Opening up the Service Sector

»» Relevant documents and policies approved by the State Council» on the expansion and opening up of Beijing's service industry

The State Council's Approval of the Comprehensive Pilot Plan for the Expansion and Opening of Beijing's Services Industry (Guo Han [2015] No.81) Agreement in principle of the implementation of the General Plan for the Comprehensive Pilot of Further Opening up the Service Sector in the Beijing Municipality and the Measures for the Comprehensive Pilot of Further Opening up the Service Sector in the Beijing Municipality includes measures in six major areas, and have deepened the reform of the foreign investment management system. It also promotes the optimization of the supporting system, which includes optimizing the social credit environment, reforming the market supervision model, innovating the high-end talent gathering mechanism, increasing financial security, and improving the level of customs' facilitation. http://www.gov.cn/zhengce/content/2015-05/21/content_9794.htm

The State Council's Approval of the Work Plan for Deepening Reform and Promoting the Expansion and Opening of Beijing's Services Industry (Guo Han [2017] No. 86) Focus on the strategic positioning of the capital city, the coordinated development strategy of Beijing, Tianjin and Hebei, and building new open economic systems, we will further deepen

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the comprehensive pilot of expanding the opening of Beijing's service industry, explore the opening mode of the service industry, highlight the reform of the service industry system and mechanism, accelerate the construction of the basic framework connected with international rules for expanding the opening of the service industry, and further improve the development level of modern service industry and service trade in Beijing. These will make an important practice for Beijing to expand the comprehensive pilot of service industry opening up to promote the supply side structural reform and the all-round initiative of the state to open up, and make new contributions to comprehensively deepen reform and explore new open economic entities. http://www.gov.cn/zhengce/content/2017-07/11/content_5209573.htm

Reply of the State Council to the Comprehensive Pilot Work Program for Promoting the Expansion and Opening-up of Service Sector in the Beijing Municipality in an All-Round Way (Guo Han [2019] No.16) Further implement nearly 180 pilot tasks in 9 aspects including the positioning of Beijing's "Four Centers ", promote the coordinated development of Beijing, Tianjin and Hebei, build a comprehensive pilot zone for the opening of the city's sub-center service industry, strengthen the functions of financial management centers, improve the quality of the living service industry, and optimizing the business environment. Also further implement 14 opening measures in 6 areas including leasing and commerce services, information transmission, software and information technology services, finance, scientific research and technology services, health and social work, culture, sports and entertainment. http://www.gov.cn/zhengce/content/2019-02/22/content_5367708.htm

Reply from the State Council on the Temporary Implementation of Relevant Administrative Regulations in Beijing Approved by the State Council (Guo Han [2019] No.111) From now on to the expiration of the comprehensive pilot project to comprehensively promote the expansion and opening up of Beijing's service industry (January 30, 2022), six administrative regulations and the Relevant Provisions of Special Administrative Measures for Foreign Investment Access (negative list) (version 2019) have been temporarily adjusted and implemented in Beijing. The six administrative regulations include the Regulations on Travel Agencies, the Regulations on the Administration of Foreign Invested Telecommunication Enterprises, the Regulations of the People's Republic of China on Certification and Accreditation, the Interim Regulations on the Administration of the Registration of Private Non-enterprise Units, the Regulations on the Administration of Entertainment Places, and the Regulations on

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the Administration of Commercial Performances. http://www.gov.cn/zhengce/content/2019-11/19/content_5453515.htm

»» Major supporting policies in various fields of Beijing

Talent Introduction The Ministry of Public Security's 20 Entry-Exit Policies and Measures for Supporting Innovative Development in Beijing The exit-entry policies and measures are mainly aimed at the urgent needs of four categories of foreign talents in Beijing's innovation and development, including high-level foreign talents, returned overseas Chinese entrepreneurs, young foreign students and foreign members of the entrepreneurial team. It focuses on solving the policy bottleneck restricting the attraction and gathering of various foreign talents, and tries first in Zhongguancun national independent innovation demonstration area. https://www.mps.gov.cn/n2255079/n4876594/n4974590/n4974593/c5196605/content.html

"Ten New Measures" on the Exit and Entry of Foreigners in Pilot Demonstration Zones for Further Opening up Beijing's Service Sector (in Chaoyang and Shunyi Districts) Provide a more relaxed and convenient entry and exit environment to apply for permanent residence, long-term visas and port visas for four types of groups in Chaoyang District and Shunyi District in the key service industry areas, including, high-level foreign talents, foreign members of entrepreneurial teams and foreign management and technical talents and foreign Chinese and young foreign students. http://sw.beijing.gov.cn/zwxx/mtbd/jzbd/201912/t20191218_1259900.html

Measures on Deepening the Reform of Talent Management in Zhongguancun and Building a Talent Introduction Mechanism with International Competitiveness (Jin Fa [2018] No.2) We will strive to build a "soft port" for the international development of talents with excellent development environment, convenient talent migration, high-end intelligence gathering, and active innovation and entrepreneurship, so that international talents can come in, stay in, do well, and merge in. We will create a good environment for the international development of talents, and further improve the level of international development of talents in Zhongguancun and in Beijing. Twenty new reform measures have been put forward in terms of facilitating the entry and exit of international talents, opening up the introduction talents, supporting the development of international talents and strengthening the guarantee of international talents

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service. http://zgcgw.beijing.gov.cn/zgc/zwgk/zcfg18/sfqzcjd/164560/index.html

Beijing comprehensively deepens the implementation of the State Administration of immigration and 12 policies and measures for immigration convenience Twelve measures will serve China’s opening-up and development strategy, comprehensively deepen the reform of "Decentralization Management Service" in the field of entry and exit, and provide policy support for foreign-related enterprises that they want to introduce foreign technology and management talents, and attract foreigners to China for innovation and entrepreneurship. Foreign enterprises and foreign personnel can log in "Beijing Municipal Public Security Bureau online" or call 010-84020101 for consultation and policy details. http://gaj.beijing.gov.cn/xxfb/jwbd/201912/t20191220_1367133.html

Other relevant entry and exit facilitation measures (1) Provide visa and residence convenience for overseas Chinese. Overseas Chinese who come to China to visit relatives, negotiate business, carry out science, education, culture and health exchange activities and handle private affairs, can obtain 5-year multiple entry valid visas issued by the entry and exit administration of the public security organ according to regulations. Overseas Chinese who need to stay for a long time due to work, study, visit relatives and private affairs, can obtain 5-year residence permits issued according to the regulations. (Implemented from February 1, 2018) (2) Visa and residence permit extension application materials are not required. Foreigners who apply for business visa (M visa), short-term visit visa (Q2 visa), short-term visit and private affairs visa (S2 visa) or reunion residence permit extension, if the host, the visited and the foster trustee remain unchanged, can be exempted from submitting family member relationship and kinship certificate. Foreigners who apply for exchange, visit, investigation and other activities visa (F visa), high-level talents and urgently needed talents (R visa), short-term study visa (X2 visa), M visa and residence permit for work and study extension of residence permit, if the reception unit unchanged, can be exempted from submitting the certificate of legal registration. (Implemented from January 1, 2019) (3) Adjust the application materials for permanent residence. When foreigners apply for permanent residence for investment or employment reasons, the relevant application materials shall be adjusted as follows. First, the Certificate of Approval for Foreign Investment Enterprises shall be revised into the Certificate of Approval for Foreign Investment Enterprises, or the Receipt of Filing for the Establishment of Foreign Investment Enterprises, and the Receipt

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of Filing for the Change of Foreign Investment Enterprises. Second, the annual inspection certificate of business license and joint annual inspection certificate of approval certificate of foreign-invested enterprise shall be revised to submit online annual report and online joint annual report. Third, the Confirmation of Foreign Investment Projects Encouraged by the State shall be revised to the Confirmation of Foreign Investment Projects Encouraged by the State or the Receipt of Filing for Change of Foreign Investment Enterprises. (Implemented from January 1, 2019) (4) Shorten the time limit of issuing residence certificates for people who come from "One Belt One Road" area (country). The foreigners who have key projects involved "One Belt One Road", such as important cooperative projects and major projects, and their spouses and children who need to stay in China, will be allowed to leave residence in the Public Security Organs. The time limit for issuing residence certificates will be shortened from 15 working days to 5 working days. (Implemented from April 28, 2019)

Culture Circular on Printing and Issuing "Supporting Measures for Deepening the Opening Reform of Service Industries and Promoting the Development of Cultural Trade in Beijing Tianzhu Comprehensive Free Trade Zone"(Jing Shang Wu Han Zi [2018] No.492) Support enterprises in Tianzhu Comprehensive Free Trade Zone to carry out enhanced credit and warranted tax modes such as "bank-customs insurance", "bank-customs finance" and "customs performance guarantee insurance", so as to solve the difficulties in applying for enterprise guarantee and reduce the cost of enterprise funds. Apply the policy of "investment and credit awards" for cultural and creative industries to provide rent-discount and interest- discount to the registered literary and creative entities, professional service enterprises and literary platform enterprises in Tianzhu Comprehensive Free Trade Zone which meet the policy requirements. http://sw.beijing.gov.cn/zwxx/zcfg/gfxwj/201912/t20191221_1387167.html

Tourism Three-year Action Plan for the Opening up and Reforming of Culture and Tourism in Beijing Comprehensively promote the pilot project of expanding the opening up of Beijing's service industry, and deeply explore the expansion of the service industry in the field of culture and tourism. From 2019 to 2021, it is required to gradually complete the three-year action plans in the field of culture and tourism in accordance with the steps of rapid implementation and

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promotion: Further open up the examination and approval of culture and tourism; Further improve the tax refund and exemption of overseas tourists and the 144-hour transit visa free and other supporting policies; Further support key projects such as cultural trade and cultural exchanges with the "Belt and Road" countries; Innovate market supervision and promote the establishment and improvement of a new cultural tourism market supervision concept and comprehensive supervision mechanism of "five supervision methods and one prudent supervision". http://whlyj.beijing.gov.cn/zfxxgk/zcwj/qtzcwj/201911/t20191130_767212.html

Industrial and Commercial Administration Opinions of The Beijing Administration for Industry and Commerce on Optimizing Access Service to Support the Comprehensive Pilot of Further Opening Up the Service Sector in The Beijing Municipality (Jing Gong Shang Fa [2016] No.34) Closely focusing on the decision-making and deployment of the State Council on the comprehensive pilot project of expanding the opening-up of service industry in Beijing and the requirements of the municipal government on the implementation plan, we will promote the integration of the comprehensive pilot project of expanding the opening- up of service industry in Beijing, including six key areas such as science and technology services, with the implementation of the strategic positioning of the capital city, with the deepening of the reform of commercial system, and accelerate the construction of Beijing service industry business environment with internationalization, marketization and legalization. http://www.beijing.gov.cn/zhengce/zhengcefagui/201905/t20190522_67693.html

Credit Supervision Several Measures for Joint Incentives for Creditworthy Enterprises with High Dual Integrals (Shi Fu Wu Ye Kuo Da Kai Fang Ban Zi [2017] No.8) Establish a credit supervision system in key service areas, and implement "double points" credit management for foreign-funded enterprises and key service sector enterprises. Based on the positive points of good credit information and negative points of bad credit information, the enterprises are divided into four credit areas, namely "good credit, normal operation, abnormal operation, and key supervision" and managed in classification. http://www.beijing.gov.cn/zhengce/zhengcefagui/201905/t20190522_60324.html

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Import and Export Notice of The Beijing Customs on Printing and Issuing the Several Measures of Beijing Customs on Supporting the Comprehensive Pilot of Further Opening Up the Service Sector in The Beijing Municipality Focusing on the key areas of expanding the opening up of Beijing's service industry and leading industries, 17 measures have been formulated through the process reengineering, resource integration and policy innovation of Customs Supervision Service to promote the development of modern service industry, optimize the industrial structure, expand the competitive advantage, and promote Beijing to form a new pattern of expanding the opening up of service industry with international rules. http://www.beijing.gov.cn/zhengce/zhengcefagui/201905/t20190522_58909.html

Policies on High-grade, Precision and Advanced Industries

The Series of Papers on Accelerating Scientific and Technological Innovation to Establish a High-grade, Precision and Advanced Economic Structure (Jing Fa [2017] No.27) The new-generation information technology, integrated circuit, medicine and health, smart equipment, energy saving and environmental protection, new-energy smart automobile, new materials, artificial intelligence, software and information service, and scientific and technological service industries have been chosen to focus on and develop to create a more high-grade, precision and advanced industrial environment. Instructions have been prepared respectively for each sector involving development targets, major tasks and guarantee measures. http://www.beijing.gov.cn/zhengce/zhengcefagui/201905/t20190522_60664.html

Several Measures of Optimizing Talent Service, Promoting Scientific and Technological Innovation and Promoting the Development of High-grade, Precision and Advanced Industries (Jing Zheng fa [2017] No.38) Focus on the construction of "Four Centers", promote the development of high-grade, precision and advanced industries, and attract talents regardless of one pattern. All scientific and technological innovation talents, cultural and creative talents, financial management talents, patent inventors who meet the development direction of Beijing's high-grade, precision and advanced industries and meet certain conditions, as well as talents in urgent need in this city,

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can apply for the introduction of Beijing, and high-level domestic talents can complete the introduction procedures within five working days as soon as possible. http://www.beijing.gov.cn/zhengce/zhengcefagui/201905/t20190522_60682.html

Administrative Measures for the High-grade, Precision and Advanced Industrial Development Fund in Beijing (Jing Cai Jing Yi [2015] No.2329) The Fund is to support the development of high-grade, precision and advanced industries that conform to the capital's urban strategic positioning and to improve the market environment for investment and financing. The Fund also recognizes the leading role of financial capital, cooperation with the capital market, coordination with matching policies for the development of high-grade, precision and advanced industries, and the need to support and build a development system for high-grade, precision and advanced industries. http://czj.beijing.gov.cn/zwxx/tztg/201912/t20191206_890892.html

Relevant Policies on Headquarters Economy

Several Provisions on Encouraging Multinational Corporations to Establish Regional Headquarters in Beijing (Jing Zheng Fa [2009] No.15) For multinational companies that set up regional headquarters in Beijing after January 1, 2009, different levels of capital subsidies and customs clearance facilities will be awarded according to the amount of registered capitals; and economic and policy care for the families of senior foreign managers in the regional headquarters, such as living and working assistance shall be provided. http://invest.beijing.gov.cn/xxpt/tzzc/bjszc/zbjjl/201912/t20191206_946338.html

The Opinions on the Work of Accelerating the Development of Beijing Headquartered Companies in Beijing (Jing Zheng Fa [2013] No.29) Multinational companies with headquarters in Beijing will be given incentives and subsidies for new entrants and subsidies for office buildings. Priority will be given to providing construction land, water, electricity, gas, heat, communications and other public facilities, so as to facilitate the entry of talents required by key headquarters enterprises and the entry, work, residence and employment of senior managers of Chinese and foreign countries. http://invest.beijing.gov.cn/xxpt/tzzc/bjszc/zbjjl/201912/t20191206_946337.html

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Key Policies of Zhongguancun National Independent Innovation Demonstration Zone

Measures of the Innovative Development Support Fund Management of Zhongguancun National Independent Innovation Demonstration Zone to Promote the Deep Integration of Science, Technology and Finance (Zhong Ke Yuan Fa [2019] No.6) We will implement the spirit of documents such as Opinions on Building Zhongguancun National Independent Innovation Demonstration Zone into a National Science and Technology Financial Innovation Center and Beijing Plan for Promoting Financial Science and Technology Development (2018–2022), accelerate the structural reform of supply side of science and technology finance, promote the deep integration of finance, science and technology, industry and economy. We will establish comprehensive financial service systems for Zhongguancun national independent innovation demonstration zone with full life cycle development, accelerate the development of inclusive finance and green finance, promote industrial upgrading and high-quality economic development, and accelerate the construction of Zhongguancun National Science and technology financial innovation center. http://zgcgw.beijing.gov.cn/zgc/zwgk/zcfg18/sfq/183249/index.html

Several Measures for Accurately Supporting the Construction of Major Frontier Projects and Innovation Platforms in the Zhongguancun National Independent Innovation Demonstration Zone (Zhong Ke Yuan Fa [2019] No.11) We will implement the guiding opinions of Beijing Municipality on speeding up the development of new generation information technology and other top ten industries and promote the innovation of Zhongguancun national independent innovation demonstration zone which will lead the high-quality development. We will promote the industrialization of research and development of major cutting-edge technologies and key core technologies, comprehensively promote the construction of top-notch economic structure in 16 parks in one zone, and strongly support the construction of national science and technology innovation center with global influence, and put forward targeted measures. http://zgcgw.beijing.gov.cn/zgc/zwgk/zcfg18/sfq/183459/index.html

Measures of the Innovative Development Support Fund Management of Zhongguancun National Independent Innovation Demonstration Zone for the Cooperative Development of One District and Multi-Parks (Zhong Ke Yuan Fa [2019] No.19) The supporting funds from the special funds of Zhongguancun Science and Technology

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Park Management Committee are disbursed to support the coordinated development of Zhongguancun demonstration zone "One District and Multi-Parks", which will further play the important role of Zhongguancun National Independent Innovation Demonstration Zone in promoting the construction of national science and technology innovation center and building a high-end economic structure, and promoting the innovation driven and coordinated development of Zhongguancun demonstration zone "One District and Multi-Parks". http://zgcgw.beijing.gov.cn/zgc/zwgk/zcfg18/sfq/186242/index.html

Measures of the Innovative Development Support Fund Management of Zhongguancun National Independent Innovation Demonstration Zone to Optimize Entrepreneurship Services and Promote Talent Development (Zhong Ke Yuan Fa [2019] No.20) We will implement the Overall Plan for Strengthening the Construction of National Science and Technology Innovation Center in Beijing, further build an upgraded version of entrepreneurship and innovation in Zhongguancun National Independent Innovation Demonstration Zone and continuously optimize the entrepreneurship service system in Zhongguancun demonstration zone to attract outstanding talents to innovate and start businesses in Zhongguancun demonstration zone. http://www.beijing.gov.cn/zhengce/zhengcefagui/201905/t20190522_62010.html

Measures of the Innovative Development Support Fund Management of Zhongguancun National Independent Innovation Demonstration Zone to Enhance Innovation Ability and Optimize Innovation Environment (Zhong Ke Yuan Fa [2019] No.21) The supporting funds from the special funds of Zhongguancun Science and Technology Park Management Committee are disbursed to support Zhongguancun demonstration zone to improve innovation capability, optimize innovation environment, which will further play the main carrier role of Zhongguancun National Independent Innovation Demonstration Zone in the construction of national science and technology innovation center, enhance the innovation ability of all kinds of innovation subjects in Zhongguancun demonstration zone, promote the development of new technology, new industry and new business form, build an open and collaborative innovation ecological environment, and accelerate the construction of a science and technology innovation center with global influence. http://zgcgw.beijing.gov.cn/zgc/zwgk/zcfg18/sfq/185896/index.html

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Industrial Parks

»» Beijing Economic-Technological Development Area

Located in Yizhuang area in southeast Beijing and founded in 1992, Beijing Economic- Technological Development Area (BDA) is Beijing's only national-level economic-technological development area which enjoys favorable policies for national-level economic-technological development areas and high-tech industrial parks. As an advanced manufacturing and high- tech industrial base that promotes intercity development of Beijing and Tianjin, BDA plays an important role in shifting the population of Beijing's central urban area, gathering new industries, and driving regional development. Contact information of the Administrative Committee: Address: 15 Ronghua Zhonglu, Beijing Economic-Technological Development Area, Beijing Tel: +86 10 6788 1126 Fax: +86 10 6788 1207 Website: http://kfqgw.beijing.gov.cn/

»» Zhongguancun Science Park

Built in 1988, Zhongguancun Science Park has a planned area of 488 sq.km. It is China's first national-level high-tech industrial development area. With more than 20 years of development Zhongguancun Science Park has become a cross-administrative-district high-end industrial functional area with "one zone and multiple sub-parks". Contact Information of the Administrative Committee: Address: 73 Fucheng Lu, Haidian District, Beijing Tel: +86 10 8882 8800 Fax: +86 10 8882 8882 Website: http://zgcgw.beijing.gov.cn/

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List of 16 Parks in Zhongguancun

Park name District Planned area Contact Address: 5-7/F, Haidian Investment Promotion Haidian Park Haidian District 174.06 sq.km Building, 6 Sijiqing Lu, Haidian District Tel: +86 10 8849 8284

Address: 8 Waihuan Xilu, Fengtai District Fengtai Park Fengtai District 17.63 sq.km Tel: +86 106370 2070

Changping Address: 9 Chaoqian Lu, Changping Park 51.4 sq.km District Tel: +8610 6974 4527

Chaoyang Address: Jia 12, Jiuxianqiao Lu, Chaoyang District Chaoyang Park 26.1 sq.km District Tel: +86 10 6431 1811

Address: 15 Ronghua Zhonglu, Beijing Economic- Yizhuang Park Daxing District 98.27 sq.km Technological Development Area Tel: +86 10 6788 1126 Address: Jia 2, Dongtaoyuan Hutong, Xizhimennei Xicheng Park Xicheng District 10 sq.km Dajie, Xicheng District Tel: +86 10 6620 5328 Address: 11 Cangjingguan Hutong, Dongcheng Dongcheng Dongcheng 6.03 sq.km District Park District Tel: +86 10 5926 0110 Address: 1/F, Building 17, Compound 30, Shixing Shijingshan Shijingshan 13.34 sq.km Dajie, Shijingshan District Park District Tel: +86 10 8879 6908

Mentougou Mentougou Address: 20 Yongan Lu, Mentougou District 1.89 sq.km Park District Tel: +86 10 6080 5969/6080 5976/6080 5275

Address: 717,Block B, CSD Business Plaza, Fangshan Fangshan Park 15.73 sq.km District Tel: +86 10 8131 2882 Address: 1 Guangyuan East Street, Tongzhou Tongzhou Tongzhou Park 34.34 sq.km District District Tel: +86 10 6156 7995 Address: 19 Gaoliying Section, Baima Lu, Shunyi Shunyi Park Shunyi District 12.08 sq.km District Tel: +86 10 6949 1700

Address: 15/F, 17 Fuqian Xijie, Pinggu District Pinggu Park Pinggu District 5.08 sq.km Tel: +86 10 6998 5420

Address: 888 Yanqi Economic Development Area, Huairou Park Huairou District 7.11 sq.km Huairou District Tel: +86 10 6166 7108 Address: 8 Xingsheng Nanlu, Miyun Economic Miyun Park Miyun District 12.55 sq.km Development Zone, Miyun District Tel: +86 10 8909 9987

Address: 1 Hunan Donglu, Yanqing District Yanqing Park Yanqing District 4.91 sq.km Tel: +86 10 6914 9224

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»» Beijing Tianzhu Free Trade Zone

Approved by the State Council (Guo Han [2008] No.64) on July 23, 2008, Beijing Tianzhu Free Trade Zone, with a total planned area of 5.944 sq.km, is China's first comprehensive free trade zone relying on an airport. Located in the Beijing Airport Economic Core Zone, it features customs clearance, export processing and bonded logistics. It also enjoys preferential policies of "licence and tax exemptions, and bonded management". As the only special customs supervision area in Beijing, it optimises and integrates preferential policies of domestic special customs areas of supervision. Contact Information of the Administrative Committee: Address: Building 2, Compound 1, Jinhang Zhonglu, Shunyi District, Beijing Tel: +86 10 6947 8686 Fax:+86 10 6947 8566

»» The Pilot Free Trade Zone Located in Daxing Airport Area (Daxing, Beijing)

The pilot free trade zone located in Daxing airport area (Beijing Daxing) was officially registered in August 2019, with a total area of 19.97 square kilometers. Focus on the development of aviation logistics, aviation science and technology, financial leasing and other industries. It has been built into the functional bearing area of the international communication center, the National Aviation Science and technology innovation leading area, and the Beijing Tianjin Hebei collaborative development demonstration area. Contact information of the Management Committee: Address: Building D, Yulong Airport Economic Development Service Center, No. 12, Yushun Road, Yulong Town, Daxing District, Beijing Tel: (8610) 89219581 (8610) 89219568 Fax: (8610) 89219504

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2019-2020 Business Environment/58 Version 3.0/59 Reform Achievements Obtained by Optimizing the Policies for Optimizing the Business Environment Action Plan for Optimizing the Business Environment/62 » » » » » » ENVIRONMENT BUSINESS D●BUSINESS ENVIRONMENT

Reform Achievements Obtained by Optimizing the Business Environment

In 2019, the World Bank released the Business Environment Report 2020, and China's ranking in the world jumped from 46th in the previous issue to 31st, up 15 places. Beijing, as one of the sample cities, ranked 28th in listed cities names by 190 economies, which outnumbers Tokyo, Japan and Paris, France. For two consecutive years, China has been selected by the World Bank as one of the "top ten economies with the largest business environment improvement activities in the world". Over the past two years, Beijing has vigorously promoted business environment reform, and 88 reforms adopted by the World Bank. According to the Business Environment Report 2020, Beijing ranks among the top 30 in five targets including starting up enterprises, obtaining electricity, registering property, protecting small and medium-sized investors, and executing contracts, and has become a pioneer of reform in China and even in the world. Among them, the number of business start-up links in Beijing are reduced from 7 to 4, and the processing time reduced from 24 to 8 days; the number of power acquisition links are reduced from 6 to 3, and the average time greatly reduced from 141 to 34 days; the costs of power access for small and micro users reduced from 196000 to 0 yuan; the number of tax payments are reduced from 9 to 7, and the time reduced from the original 207 hours to 142 hours; the whole process time of cross-border trade goods from arrival to withdrawal is 48 hours for import customs clearance, the processing time of import documents reduced from 80 hours to 24 hours, the boundary costs of import links are reduced from 690 dollars to 315 dollars, and the processing time of export documents reduced by two thirds. Beijing has not only made great contributions to the ranking of China's business environment and the establishment of a good image of opening up, but also created a more international, legal and convenient environment for the development of domestic and foreign enterprises in Beijing.

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Policies for Optimizing the Business Environment Version 3.0

Beijing's New Round of Key Tasks to Deepen the Reform of the "Decentralization Management Service" Reform and Optimize the Business Environment (Jing Zheng Ban Fa [2019] No.19) In November 2019, Beijing's New Round of Key Tasks to Deepen the Reform of the "Decentralization Management Service" Reform and Optimize the Business Environment (also known as " Optimizing the Business Environment Version 3.0") was released, which announced 204 reform tasks in 12 major aspects, involving various policy measures such as enterprise start-up, registration cancellation, tax processing, financing loans, etc., solving the problem for enterprises and the masses. In terms of continuously deepening the reform of commercial affairs system, the enterprise legal person can handle tax, social security, provident fund and other matters through the "e-window" platform. The enterprise cancellation system and the "e-window" platform are combined to realize the "online, with inadequate materials, and committed" procedures of enterprises, and pilot the acceptance of enterprise address change commitment in Fengtai District; actively pilot the blockchain technology in Haidian District, so as to realize the automatic verification of enterprise registered address and further improve the start-ups' efficiency. In terms of deepening the reform of the examination and approval system for engineering construction projects, enterprises shall make a commitment to qualified investment projects in accordance with the standards published by the government, changing "approval before construction" to "construction before examination". Promote the "multi compliance" of project approvals, form a "one blueprint" shared by all departments, provide query channels for investors, and shorten the time of site selection, design and preliminary research and demonstration of departments. In terms of optimizing the access service of municipal facilities, the zero onsite, zero approval, and zero investment services shall be improved. The examination and approval measures for the access of municipal facilities in parallel shall be promulgated, and the examination and approval process shall be optimized. It is further proposed to reduce the gas handling time of other projects to within 8 working days, half of the time required by the national standard. In terms of promoting intelligent handling of real estate registrations, and promoting "one- time" real estate mortgage loan and registration, comprehensive real estate service points has been set up in 200 bank outlets, and realized completing the mortgage registration applications

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with signing mortgage loan contracts at the same time. The docking of real estate registration system with water, electricity, gas, cable television and other public service information systems is also promoted to achieve synchronous transfer of ownerships, and the real estate "palmtop" Registration Center is set up, realizing the 24-hour application without a closing time. In terms of continuously improving the level of trade facilitation, actively promote the implementation of the "two-step declaration" reform pilot, and enterprises can declare and pick up goods only by the summary of bills of lading. Continuing to push forward the reform of diversified tax guarantee methods, expand the scope of pilot tariff guarantee insurance, increase the rate of collection of taxes and the proportion of self-reporting and self-payment, and consolidate and improve the mode of free release. In terms of further improving the financing and tax environment, the renewal acceptance center is set up. Eligible enterprises shall submit renewal application materials one month before the original loan expires, and complete the approval within 10 working days. No bridge fund is required before renewal. Update and release the list of the second batch of tax matters for "travel only once", "no need to travel" and "citywide procedure" in order to further improve the convenience of enterprise tax payment. In terms of strengthening the legal protection of the business environment, relevant laws such as the Beijing Municipality's Regulations on Promoting the Transformation of Scientific

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and Technological Achievements and the Beijing Municipality's Regulations on Optimizing the Business Environment have been promoted. Actively promote the inclusion of all bankruptcy cases in Beijing into the trial of Beijing bankruptcy court and promote the electronic delivery method of court summons and evidence materials. In terms of deepening the reform in the field of bidding and tendering, it has been required to strengthen the supervision of the procurement process and promote whole process of electronic bidding. Promote data sharing of two-level systems between municipal and district levels. Unify the public access and digital authentication services of Beijing public resource trading service platform and each sub platform to realize "one certificate to proceed all". In terms of strengthening the creation and protection of intellectual property rights, it has been required to study and formulate the administrative measures of Beijing Municipality on intellectual property grants, establish a data sharing mechanism for administrative law enforcement and judicial trials in the field of intellectual property rights, and strengthen dispute mediation in the "high-grade, precision and advanced" key industries of the Municipality. Continue to explore the promotion of patent pledge financing insurance in Zhongguancun and accelerate its application in Zhongguancun national independent innovation demonstration zone. In terms of improving the level of government services, it has been required to promote the " materials reduction, time limit reduction and times reduction ", simplify the proportion of handling materials to reach 60%, and reduce the time limit promised for administrative licensing matters to be more than 55% within the statutory time limit. 600 items of high- frequency government services are launched at the city level to realize "no need to travel" or "travel only once", reducing the average travelling times of the enterprises' masses from the current 1.5 times to less than 0.3 times. Mobile terminal Apps such as "Beijing Tong", Alipay, WeChat, Baidu and so on have been promoted and applied to complete 600 application services, namely "handled in palm" and the pilot 200 application services handled on "self- service machine" to achieve "7 ×24 hours" continuous self-service. In the aspect of fair and prudent market supervision, it is required to establish and improve the credit files of 14 key groups, establish enterprise credit risk classification index, and explore differentiated supervision and inclusive and prudent supervision. It is required to further improve the blacklist withdrawal mechanism and formulate a credit restoration policy for Beijing's dishonest records, and accelerate the development of a unified credit information collection and classification management standard for the whole city. In terms of creating an inclusive innovation environment, a number of policies have been issued to implement the national reform task of "Decentralization Management Service",

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focusing on technological innovation, talent mobility, employment services, market opening, public services and other fields. Taking the opportunity of the promotion of the new round of comprehensive pilot projects to expand the opening-up of the service industry, it is required to constantly improve the international level of education, cultural tourism, medical and health care, pension and other aspects. It is also required to carry out the reform of overseas investment filing, and explore the management mode of "one form filling, information sharing and parallel examination and approval", simplify the access procedures of medical market, introduce the management measures for the registration of clinics, and change the establishment of clinics from the examination and approval system to the registration system. More details of the policy can be found on the official website of the Beijing Municipal Government "window of the capital":http://www.beijing.gov.cn/zhengce/zhengcefagui/201911/ t20191113_499712.html Previously, Beijing has carried out two rounds of business environment policy optimization, version 1.0 and 2.0, and launched 191 reform measures. Please visit the official website of Beijing Municipal Government "window of the capital" for more details of version 2.0: http://www.beijing.gov.cn/fuwu/lqfw/ztzl/yshj/wj/

Action Plan for Optimizing the Business Environment

Beijing Action Plan For Further Optimizing Business Environment (2018–2020) In November 2018, the Beijing Municipal Party committee and the Beijing Municipal People's government issued the Beijing Action Plan for Further Optimizing the Business Environment (2018–2020) (hereinafter referred to as the "Action Plan"), which explicitly requires improving the access efficiency of public facilities. In the Action Plan, 22 main tasks were arranged, which was sorted and refined into 298 tasks lists. On deepening the reform of commercial system, we will improve the efficiency of starting enterprises and complete them less than 3 days by the end of 2018, and less than 2 days by the end of 2020. The reform of "Separation of Certificates and Licenses" and "Multiple-in-One Certificate" should be deepened to achieve "Multiple-in-One Certificate" and "One License One Code". On deepening the reform of tax reduction and tax facilitation, on the basis of tax reduction of 40 billion yuan in 2018, we will continue to implement the central tax reduction policy, further increase tax reduction efforts, and shorten the average tax handling time of enterprises to 94 hours.

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On improving the financing environment of small and medium-sized enterprises, we should set up municipal financing guarantee fund, give full play to the role of specialized organizations of science and technology finance and Zhongguancun bank, and provide better financing services for small and medium-sized enterprises. On optimizing the supply of land elements, we will establish a municipal level overall plan for major national science and technology innovation projects and major engineering land security mechanism. We will gradually promote the flexible annual transfer of industrial land and the annual land rental system, and reduce the cost of high-end industrial land. On improving the access efficiency of public facilities, we will reduce the average time of high-voltage and low-voltage connection to 80 days and 25 days respectively. We will simplify the handing links of water, gas and heat services for enterprises to two. By 2020, the fixed broadband network will have Gigabit access capacity and 5G will be covered in key areas. Broadband rates will be reduced by 10% a year. On strengthening the judicial guarantee of commercial cases, we will formulate and implement the implementation opinions to provide judicial guarantee for optimizing the business environment in the capital, control the average trial cycle of the case within 180 days, and realize the information recording and publicity of the whole process of the trial of commercial cases. On intellectual property protection, we will improve the judicial protection system of intellectual property, raise the cost of infringement of intellectual property rights, speed up the construction of China (Beijing) intellectual property protection center, and simplify the process and procedures of patent subsidy application. http://www.beijing.gov.cn/gongkai/guihua/wngh/qtgh/201905/t20190522_61697.html

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2019-2020 Medical Security/133 Administration of Exit and Entry/133 Land Administration/144 Customs Procedures/108 Financial Administration/127 Labour and Social Security/128 Approval and Filing/66 Enterprise Registration/69 Foreign Exchange Administration/80 Taxation/86 » » » » » » » » » » » » » » » » » » » » MANAGENT INVESTMENT ●INVESTMENT MANAGENT

Approval and Filing

»» Approval and Filing Authority

In accordance with the Notice on Measures for Further Opening up and Actively Utilising Foreign Investment (Guo Fa [2017] No.5), the Notice on the Measures for Increasing Foreign Investment (Guo Fa [2017] No.39), the Notice on Several Measures to Actively and Effectively Utilize Foreign Capital to Promote High-quality Economic Development (Guo Fa [2018] No.19), the Notice on Releasing the 2016 List of Government-Ratified Investment Programmes (Guo Fa [2016] No.72, hereinafter referred to as the "Ratified List"), theSpecial Administrative Measures for Foreign Investment Access (negative list) (version 2019) and the Measures for the Administration of Approval and Record-filing of Foreign Investment Programmes (Order No.12 of the National Development and Reform Commission), 1. The restricted projects with total investments (including increased capital) of at least $300 million under the Special Administrative Measures for Foreign Investment Access (negative list) (version 2019) shall be approved by the National Development and Reform Commission. Among them, restricted projects with total investments (including increased capital) of at least $2 billion shall be submitted to the State Council for approval. 2. Projects in the non-prohibited investment areas with total investments (including increased capital) of less than $300 million under the Special Administrative Measures for Foreign Investment Access (negative list) (version 2019) shall be approved by the Beijing Municipal Commission of Development and Reform. 3. In addition to the above-mentioned provisions, foreign-invested projects listed in Items 1-10 of the Notice on Releasing the 2016 List of Government-Ratified Investment Programmes shall be approved according to provisions of Item 1-10 of the Notice on Releasing the 2016 List of Government-Ratified Investment Programmes. 4. Foreign-invested projects other than the 3 items defined above shall be subject to the filing system, and are to be filed by the development and reform departments in the districts where such projects are located.

»» Channels of Submission

Approval of projects For projects within the approval authority of the Beijing Municipal Commission of Development

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and Reform, the applicant can be transferred to the Commission by the district development and reform department where the project is located, or directly make a submission to the Commission by visiting the "Beijing Development and Reform System online government affairs service platform", and submitting the application online to the Beijing Municipal Commission of Development and Reform.

Filing of projects For foreign investment projects to be applied for filing, applicants may enter the online filing system and make a submission to the Commission by visiting the "Beijing Development and Reform System online government affairs service platform", and submitting the application through Beijing Enterprise Investment Project Online Filing System.

»» Conditions for Approval and Filing

(1) Compliance with relevant laws and regulations of the State and provisions of the Catalogue for The Guidance of Foreign Investment Industries (negative list) (version 2019); (2) Compliance with development planning, industrial policies and access standards; (3) Possession of reasonably developed and effectively used resources; (4) No influence on national security and ecological security; (5) No adverse material influence on public interests; (6) Compliance with relevant provisions on national asset project management and foreign debt management.

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»» Approval for Changes and Filing

If a project approved or filed is involved in any of the following circumstances, an application for changes should be made to the original approval authority: (1) Change in location of the project; (2) Change in investor or equity; (3) Changes to the project's primary content; (4) Any other condition requiring revision as stipulated by relevant laws, regulations and industrial policies.

Beijing Municipal Commission of Development and Reform Address: No. 55 Yunhe East Street, Tongzhou District, Beijing Tel: (010)55590088 Website: http://fgw.beijing.gov.cn/

District Commissions of Development and Reform in Beijing

District Tel(8610) District Tel(8610)

Dongcheng District Tongzhou District Commission Commission of Development 64079927 69546553 of Development and Reform and Reform

Xicheng District Commission of Shunyi District Commission of 82141179 69441363 Development and Reform Development and Reform

Chaoyang District Commission Daxing District Commission of 65012644 61298109 of Development and Reform Development and Reform

Haidian District Commission of Changping District Commission 88497066 69742252 Development and Reform of Development and Reform

Fengtai District Commission of Pinggu District Commission of 83656311 89999157 Development and Reform Development and Reform

Shijingshan District Huairou District Commission of Commission of Development 88699333 69641622 Development and Reform and Reform

Mentougou District Miyun District Commission of Commission of Development 69842187 69042988 Development and Reform and Reform

Fangshan District Commission Yanqing District Commission of 69379331 69101063 of Development and Reform Development and Reform

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Enterprise Registration

»» Subscribed registered capital registration system

A subscribed registered capital registration system refers to the following: 1. The total contribution amount subscribed to by shareholders, or the total share capital subscribed to by promoters of a company (e.g. the registered capital of a company) which shall be registered at an administration for industry and commerce. Shareholders (promoters) of a company shall independently agree upon such contribution issues as the contribution amounts which they subscribed, the contribution methods, and contribution periods, and specify them in the articles of association of the company. Shareholders of a limited liability company shall bear liability for the company according to the extent of the contribution amounts they have subscribed to, while shareholders of a joint stock company shall bear liability for the company according to the extent of the shares they have subscribed to. A company shall publicly announce the contribution amounts subscribed to by shareholders or shares subscribed to by promoters, the contribution methods, contribution periods, payments and so on through the credit information publicity system on market subjects. Shareholders (promoters) of a company shall be responsible for the authenticity and legitimacy of paid-in contributions. 2. Unless laws and administrative regulations or the State Council otherwise stipulate the minimum limit of registered capital of a company in a specific industry, restrictions from the original Company Law on the minimum registered capital of 30,000 yuan for a limited liability company, of 100,000 yuan for a limited liability solely owned company and of 5 million yuan for a joint stock company shall no longer apply. There shall be no restriction to the initial contribution ratio of all shareholders (promoters) at the time of establishment of a company, the ratio of monetary contribution amount to registered capital of all shareholders (promoters) of a company, or the period for shareholders (promoters) of a company to pay contributions. 3. The paid-in capital of a company is no longer taken a matter of industrial and commercial registration. There is no need to submit a capital verification report at the time of corporate registration. However, a capital verification report should be submitted when establishing a joint stock company by means of fund raising. 4. The issue of the implementation of the subscribed registered capital system by banking financial institutions, securities companies, futures companies, fund management companies, insurance companies, professional insurance agencies and insurance brokers, direct selling enterprises, external labour cooperative enterprises, financing guarantee companies, joint

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stock companies established by fund raising, labour dispatch enterprises, pawn shops, insurance asset management companies and small-amount loan companies for which laws and administrative regulations or the State Council definitely stipulate the implementation of the paid-in registered capital system shall be otherwise determined upon study. Before an amendment to the laws, administrative regulations, and/or any relevant decisions are made by the State Council, and the existing provisions shall be followed tentatively. 5. Foreign-invested partnerships which have already implemented declarations (subscriptions) shall comply with existing provisions.

»» Multiple-in-One Certificate

On December 27, 2017, the Implementation Plan for the Reform of "Multiple-in-One Certificate" in the Field of Foreign Trade (Jing Gong Shang Fa [2017] No. 58) was issued. The work objective is to integrate the enterprise high "gold content" license matters with the goal of convenience, efficiency and benefit for the people, and to strengthen the information transmission and sharing between departments through "one form filling and one window acceptance", so as to further shorten the opening time of enterprises and largely promote market access facilitation. On June 28, 2018, the Notice on the Implementation of the National Unified "Multiple-in-One Certificate" Reform (Jing Gong Shang Fa [2018] No. 22) was issued. The work objective is to integrate the issues involved into the reform of "Multiple-in-One Certificate" in accordance with the relevant provisions of the Opinions on Promoting the National Unified "Multiple- in-One Certificate" Reform and the Notice on the Performing National Unified "Multiple-in- One Certificate" Reform, and to complete industrial and commercial registration and filing of relevant matters through filling in "one form" and submitting "one set of materials" to "one window" when applying for industrial and commercial registration. Since June 29, 2018, Beijing has fully implemented the "24–in–One Certificate" and continued to implement the processing mode of "one network declaration, one window acceptance". When an enterprise applies for industrial and commercial registration by the "e-window" Registration Platform, it shall fill in and submit the information of the items to be jointly handled, and the market supervision and administration department shall directly issue the business license with the unified social credit code. The integrated license is no longer issued, and the enterprise is no longer required to provide additional supporting materials on the integrated license. For those enterprises that have completed the registration of market entities, the market supervision and administration department shall publicize the filing information on the Beijing enterprise credit information network. For those enterprises that the registration result needs

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Catalogue of Enterprise-related Licensing Affairs in Beijing's Reform of "Multiple-in-One Certificate" (Including business scope normative terms)

Integration Standardized Terms of Business Scope Department of No. Name of Certificate Items mode (or filing matters) Management Filing of grain and oil Grain and oil storage, grain storage and Beijing Grain 1 storage enterprises edible oil storage Bureau Beijing Municipal Filing of property service Property services and property Housing and 2 enterprises and their management Construction branches Commission Filing of Establishment Beijing Municipal Book rental, newspaper rental, journal of publication rental Bureau of Press, 3 rental, audio-visual products rental, enterprises to engage in Publication, Radio electronic publications rental publication rental business and Television Guards, patrols, guards, escorts, escorts, escorts, security checks and security technology prevention, security Filing of security service Beijing Public 4 risk assessment services. (Limit to the company branch Security Bureau selection of branch companies, affiliated companies should have this scope of business) Production and operation of crop Filing of branch of crop Beijing seeds (Limit to the selection of branch 5 seed production and Agricultural companies, affiliated companies management Bureau should have this scope of business) Filing Beijing Municipal shall be Filing of real estate brokers Housing and 6 Real estate brokerage service completed and their branches Construction immediately Commission after the Filing of meteorological Beijing registration 7 information service Meteorological information service Meteorological of industry enterprises Bureau and Filing of customs import and Import and export of goods or Commerce export consignee (Including technologies (except those prohibited 8 Beijing Customs the qualification of customs by the State or involving administrative declaration and inspection) approval) Domestic Tourist Attraction and Consulting Services Inbound tourism solicitation and Registration certificate consulting services Beijing Tourism 9 of travel agency service Outbound tourism solicitation and Committee network consulting services (Limit to the selection of branch companies, affiliated companies should have this scope of business) Consulting service of engineering cost Beijing Municipal Filing of establishment of speciality (Limit to the selection of Housing and 10 branches in cost consulting branch companies, affiliated companies Construction enterprises should have this scope of business) Commission Labor dispatch (Limit to the selection of Beijing Municipal branch companies, affiliated companies Filing of labor dispatch Bureau of Human 11 should have this scope of business units set up branch offices and Social and has handled the administrative Security permission of labor dispatch)

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Catalogue of Enterprise-related Licensing Affairs in Beijing's Reform of "Multiple-in-One Certificate" (Including business scope normative terms)

Integration Standardized Terms of Business Scope Department of No. Name of Certificate Items mode (or filing matters) Management Filing of asset appraisal Professional services of asset assessment Beijing Municipal 12 institutions and their and asset assessment Finance Bureau branches After the registration Recycling of renewable resources (excluding solid waste, hazardous Beijing Municipal of industry Filing of recycling operators 13 waste, abandoned automobiles and Administration and of renewable resources commerce, other projects that require approval from Committee the results relevant departments) of filing Beijing Municipal shall be Filing of international 14 International freight forwarders Commission of confirmed freight forwarders Commerce by the competent Acceptance of Business Filing of authorities Acceptance of business foreign-funded enterprises not Beijing Municipal 15 Filing for foreign-funded involving special administrative Commission of enterprises measures for access as stipulated by Commerce the State Beijing Municipal Social insurance Bureau of Human 16 registration certificate and Social Security

Beijing Tax 17 Tax registration certificate Bureau

Beijing Quality 18 Institutional code certificate Supervision Bureau Beijing Statistical 19 Statistical evidence Integration Bureau in Beijing Public 20 Official seal engraving filing accordance Security Bureau with the Beijing Housing Unit handles registration No specific terms mode Provident Fund 21 of housing provident fund of "Five- Management deposit in-One Center Certificate " Filing of foreign business institutions and foreign- Beijing Public 22 funded enterprises in Security Bureau Beijing Beijing Branch's business license Municipal Market 23 for Filing Regulatory Bureau Beijing Municipal Market 24 Business license Regulatory Bureau

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to be confirmed by the competent department after the registration of the market subject, the market supervision and administration department shall provide the website link of the relevant department on the Beijing enterprise credit information network after the registration of the renewable resource recovery operator and filing of international freight forwarding enterprises and indicate the information of the items publicized by the relevant department. The asset appraisal institution and its branches shall be put on record. After the enterprise has completed the registration of the market subject, the financial department shall, after confirmation, feedback the filing results to the market supervision and administration department, the latter shall publicize it on the Beijing enterprise credit information network. The license matters which were registered and filed in the relevant departments before June 29, 2018, are not applied for the registration of "Multiple-in-One Certificate" and the renewal of business license. The relevant departments will feed back the filing results to the market supervision and management department in batches, and the market supervision and management department will publicize the integrated license matters in the Beijing enterprise credit information network through information technology. After the reform of "Multiple-in-One Certificate", all departments further strengthened information sharing and business collaboration. According to the principle of "who approves, who supervises and who is in charge, who supervises", all departments will strengthen the supervision after the event. By establishing and improving the credit restriction mechanism, standardizing the operation behavior of enterprises, actively guiding the self-discipline of enterprises, and strengthening the social supervision, the reform of "Multiple-in-One Certificate" will become the catalyst to promote the formation of a new market supervision system and mechanism. In addition, from January 1, 2020, the registration of for-profit pension service institutions of civil affairs department and the registration of clinics, health centers (rooms), infirmaries, nursing stations and other medical institutions set up within the for-profit pension service institutions of health department will be included in the registration reform of "Multiple-in-One Certificate".

»» "Multlple-in-One Report" of Enterprises' Annual Report

The Reform Plan for the Registration System of Registered Capital issued by the State Council changes the annual inspection system of enterprises into the publicity system of annual reports of enterprises. Since 2014, according to the Interim Regulations on the Publicity of Enterprise Information, the enterprise shall submit the annual report of the previous year to the market supervision and administration department through the enterprise credit information publicity

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system and publicize it to the society within the specified time limit annually, which can be inquired by any unit or individual. The main contents of the annual report of the enterprise include information such as the contribution of the company's shareholders (promoters), asset status, etc. and the enterprise is responsible for the authenticity and timeliness of the annual report. The market supervision and administration department will conduct spot check on the publicity contents of the annual report of the enterprise and will list the enterprises that fail to publicize the annual report and the annual report within the prescribed time limit, conceal the truth and cheat. Furthermore, the market supervision and administration department will publicize the list of enterprises with abnormal operation to the public through the enterprise credit information publicity system. Abnormal listed enterprises that have fulfilled the obligation of annual report publicity within three years, may apply to the market supervision and administration department for removal from the abnormal list; and that fail to do so for more than three years, they will be listed into the list of serious illegal and dishonest enterprises ("blacklist") and be publicized to the society by the enterprise credit information publicity system. The legal representative and person in charge of an enterprise listed in "blacklist" shall not act as the legal representative and person in charge of other enterprises within three years. In 2017, in accordance with the requirements of the Notice of the Statistical Bureau of the Ministry of Human Resources and Social Security of the General Administration of Industry and Commerce on the Increase of Social Security and Statistical Matters in the Annual Report of Enterprises (Gong Shang Qi Jian Zi [2016] No. 226), the contents of the Annual Report of Enterprises should include five social security items, namely, the types of insurance, the number of insured units, the base number of unit contributions, the actual amount of contributions in the current period, and the accumulated amount of arrears paid by units. The insurance items should also include the four statistical items of "main business activities, female employees and enterprise holding situation (branches need not fill the report, the "enterprise holding situation" in the annual report of the private enterprise is fixed as "private enterprise"), the unified social credit code of the parent company affiliated to the branch (only the branch fills in)", have realized the "Multiple-in-One Report" of annual reports of enterprises of the industrial and commercial (market supervision), human social security department and statistical department nationwide. In 2018, in accordance with the requirements of the Notice of the General Administration of Customs of the General Administration of Industry and Commerce of the State Administration of Industry and Commerce on Doing a Good Job of "Multiple-in-One Report" (Gong Shang Qi Jian Zi [2018] No.42), the reform of "Multiple-in-One Report" carried out by the industry and commerce and customs, there is no need to submit annual Customs reports through relevant

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Customs business platforms in the Customs management of enterprises, only the submission of the "Multiple-in-One Report" through the State Enterprise Credit Information Notification System is required. The submission time of the annual report of Customs Administration for Enterprises of 2017 is from May 1 to August 31, 2018. Starting from the declaration in 2018 (2019 to declare), the annual report time of Customs Administration for Enterprises is unified from January 1 to June 30.

Address of business start-up hall in all districts of Beijing

Unit Address

Dongcheng District 52 Jinbao Street, Dongcheng District

Xicheng District 275 Xizhimen Inner Street, Xicheng District

Chaoyang District No.1, Xiaoyunli, Xiaoyun Road, Chaoyang District

Haidian District Government Affairs Service Center, No.29(Jia), Dongbei Haidian District Wangnan Road, Haidian District

Fengtai District 360 B Caihuying East Street, Fengtai District

Shijingshan District 64 Shixing street, Shijingshan District

2F, Government Affairs Service Center, Mentougou District, No.72 Binhe Mentougou District Road, Mentougou District Corporate Service Hall, 2F, CSD Business Plaza, No. 38, Haotianbei Street, Fangshan District Fangshan District 1F, Tongzhou District Government Affairs Service Center, No. 5, Binhui Tongzhou District North 2nd Street, Tongzhou District 1F, Shunyi District Government Affairs Service Center, No.3 Fuxing East Shunyi District Street, Shunyi District 1F, Inner West Side of Changping District Government Affairs Service Changping District Center, No.22 Yard, Longshui Road, Changping District,

Daxing District 1F, Building 3, Yard 18, Jinxing Road, Daxing District

Huairou District 53 Yanqi street, Huairou District

Pinggu District 13 Linyin North Street, Pinggu District

1F, Government Affairs Service Center, Miyun District, No. 285, Xindong Miyun District Road, Miyun District 2F, Yanqing District Government Affairs Service Center, No. 60, Yanqing District street, Yanqing District Beijing Economic 2F, Block B, Yicheng Wealth Center, No. 22, Ronghua Middle Road, Beijing and Technological Economic and Technological Development Zone Development Zone

Yanshan District No.8, Dongyi lane, Gangnan Road, Yanshan, Fangshan District

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»» Foreign Investment Information Report

Since the 2019 annual report, the reform of "Multiple-in-One Report" for market supervision, business and foreign exchange annual reports has been implemented. Article 34 of the Law of the People's Republic of China on Foreign Investment clearly stipulates that "the State shall establish a foreign investment information reporting system, and foreign investors or foreign- invested enterprises shall submit investment information to the competent department of commerce through the enterprise registration system and the enterprise credit information publicity system." Articles 38 and 39 of the Regulations for the Implementation of the Law of the People's Republic of China on Foreign Investment (hereinafter referred to as the "Regulations") further stipulate that "foreign investors or enterprises with foreign investment shall submit investment information to the competent department of commerce through the enterprise registration system and the enterprise credit information publicity system." "The content, scope, frequency and specific process of the foreign investment information report shall be determined and published by the competent commercial department of the State Council, together with the market supervision and Administration Department of the State Council and other relevant departments in accordance with the principle of necessity, efficiency and convenience." In order to implement the Foreign Investment Law and the Implementation Regulations, the Ministry of Commerce and the State Administration of market supervision jointly formulated the Measures for Foreign Investment Information Report, which comes into force on January 1, 2020. The foreign investment information report system will replace the existing system of examination and approval, filing and joint annual report of foreign-invested enterprises. Scopes of submitted subjects Enterprises (Institutions) with foreign investment, i.e. companies and partnerships established directly by foreign investors in China, enterprises engaged in production and business operations in China, branches of enterprises engaged in production and business operations in China, foreign-funded companies, venture capital enterprises and foreign investors with investment as their main business and enterprise invested and established by a partnership in China shall submit its initial report and change report online through the enterprise registration system in accordance with the provisions of the Measures for Foreign Investment Information Report, as well as submit annual report online through national enterprise credit information publicity system. The relevant information of the cancellation report shall be shared by the General Administration of market supervision with the Ministry of Commerce, and foreign investors or enterprises with foreign investment need not submit it separately.

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Submission time and approach Since 2019, the foreign-funded enterprises established and registered in accordance with the law in China shall log in the national enterprise credit information publicity system (website: www.gsxt.gov.cn, Beijing foreign invested enterprises log in the national enterprise credit information publicity system Beijing station, website: bj.gsxt.gov.cn) to submit the annual report from January 1 to June 30 each year. Relevant data and information will be shared among business, market supervision and foreign exchange departments. Publicity channels According to the Interim Regulations on Enterprise Information Publicity (Order No. 654 of the State Council), the investment and operation information filled in by foreign-funded enterprises participating in the annual report shall be publicized to the public via the publicity platform of the foreign investment information report system (website: wzxxbg.mofcom.gov.cn/gspt) and the national enterprise credit information publicity system (website: www.gsxt.gov.cn). Submission materials When submitting the initial report, the foreign investor shall submit the basic information of the enterprise, the information of the investor and its actual controller, the information of the investment transaction, etc. Submission contents in the annual reports of foreign-funding enterprises, please refer to the Announcement on Relevant Matters of Foreign Investment Information Report (Announcement No.62, of the Ministry of Commerce in 2019). Changes requirements If the initial or changed reports are not reported, uncorrected or omitted, the foreign investor or foreign-funded enterprise shall make a supplement or correction by the enterprise registration system; When the annual report is uncorrected or omitted before June 30, the foreign investor or foreign-funded enterprise shall make a supplement or correction by the national enterprise credit information publicity system; but from July 1, the foreign investor or foreign-invested enterprise shall apply to the competent department of Commerce for supplement or correction through the foreign investment information report management system (website:wzxxbg. mofcom.gov.cn). Furthermore, from July 1, if a foreign investor or enterprise with foreign investment fails to submit its annual report on time, it shall go through the relevant formalities in accordance with the relevant provisions of the competent department of Commerce and the market supervision department. Policy basis Circular of the State Administration of Market Supervision, the Ministry of Commerce, the State Administration of Foreign Exchange on the Reform of the "Multiple-in-One Report" in the Annual Report

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Announcement of the Ministry of Commerce of the People's Republic of China on Carrying Out the Annual Report on Foreign Investment Information Report 2019 (Announcement No.72 of the Ministry of Commerce of the People's Republic of China in 2019) Measures for Foreign Investment Information Report (Order No.2 of the State Administration of Market Supervision of the Ministry of Commerce in 2019) Announcement on Relevant Matters of Foreign Investment Information Report (Announcement No.62 of the Ministry of Commerce in 2019) Log into the unified platform of the business system of the Ministry of Commerce "comprehensive management of foreign investment" http://wzxxbg.mofcom.gov.cn/gz.html for more details.

Beijing Municipal Commerce Bureau Address: No.5 Building, Courtyard 57, Yunhe East Street, Tongzhou District, Beijing Tel: 010-55579777 Fax: 55579779 Website: http://sw.beijing.gov.cn

Contact of District Bureaus of Commerce in Beijing

District Tel(8610) District Tel(8610)

Dongcheng District 67079106 Tongzhou District 69543319

Xicheng District 68012353 Shunyi District 69443513

Chaoyang District 65099185 Daxing District 81296068

Haidian District 52808236 Changping District 69741120

Fengtai District 63838670 Pinggu District 69962955

Shijingshan District 68607227 Huairou District 69645258

Mentougou District 69842571 Miyun District 89089310

Fangshan District 81312936 Yanqing District 69101551

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»» Registration Management for Resident Representative Offices of Foreign Enterprises

The Administrative Regulations on the Registration of Resident Representative Offices of Foreign Enterprises were promulgated by the State Council on March 1, 2011. A resident representative office of a foreign enterprise refers to the office engaged in non­profit activities relating to the business of the said foreign enterprise established in China. Representative offices do not have legal person status. Formalities on the establishment of resident representative offices of foreign enterprises When handling the registration of resident representative office of a foreign (regional) enterprise, the chief representative, representative, or an employee of the office or a lawful registration agency entrusted shall submit application materials to the relevant registration authority. If any document or certificate submitted is in a foreign language, a Chinese translation should be attached. The term of residence of a representative office shall not exceed the subsisting period of the foreign enterprise. The number of representatives (including chief representatives) shall not exceed four, unless otherwise approved by the relevant examination and approval authority. Certain documents for handling establishment formalities of a representative office (usually the certificate of legal opening and subsisting for more than two years issued by the registration authority of the foreign enterprise, the credibility certificate issued by a financial institution conducting business with the enterprise, the articles of association or organisation agreement of the enterprise, the authorisation or certification document of the enterprise for authorised signatory, and the authorisation letter and identification materials of the chief representative and representatives signed by the authorised signatory of the enterprise) should be notarised and authenticated. Applicants should handle registration formalities at the registration authority within six months of the issue of relevant notarisation and authentication documents.

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Notarisation and authentication requirements of relevant documents: relevant documents of common foreign (regional) enterprises shall be notarised by a notary organ of the country (region) and be authenticated by the embassy or consulate of the People's Republic of China in said country (or the administration of said region); the subject qualification certification of an enterprise in Hong Kong or Macao shall be lawfully notarised by a local notary organ and forwarded with the special seal for forwarding of China Legal Service (H.K.) Limited or China Legal Service (Macao) Limited; the subject qualification certification of an enterprise in Taiwan shall likewise be notarised by a local notary organ. An application for the registration certificate of a resident representative office of a foreign (regional) enterprise should be made to the Beijing Administration for Industry and Commerce. Annual report system for resident representative offices of foreign enterprises The resident representative office of a foreign enterprise shall submit its annual report to a registration authority from March 1 to June 30 every year. Contents of the annual report include the lawful subsistence of the foreign enterprise, business activities of the representative office, and revenues and expenditures audited by an accounting firm. Formalities of the annual report shall be handled with the administration for industry and commerce in the district or county where the representative office is located. Enterprises possessing a Beijing digital certificate issued by the Beijing Certificate Authority may handle formalities on the Internet. Please log on to www.bjca.org.cn for detailed information and the latest updates.

Foreign Exchange Administration

»» Capital account foreign exchange management

Foreign Exchange Management of Domestic Direct Investment According to the Notice of the State Administration of Foreign Exchange on Further Simplifying and Improving Foreign Exchange Management Policies for Direct Investment (Huifa [2015] No.13), since June 2015, the Beijing Administration of Foreign Exchange has implemented the reform of foreign exchange registration management under domestic direct investment in Beijing, cancelled the approval of foreign exchange registration for domestic direct investment, and market participants can directly go to the banks under their jurisdiction to handle foreign exchange registration of domestic direct investment and other business.

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1. The reform of foreign exchange registration under domestic direct investment. Domestic direct investment entities may directly go to the banks under their jurisdiction for registration of basic information, alteration and cancellation of registration of newly established foreign investment enterprises. Foreign exchange registration of domestic direct investment is the precondition for enterprises to open foreign exchange accounts, collect and pay funds, settle and sell foreign exchange and other businesses of follow-up direct investment. 2. Simplify the registration management of foreign investors' investment confirmation under domestic direct investment. The registration of confirmation of foreign investors' non-monetary investment under domestic direct investment and the confirmation of foreign investors' acquisition of Chinese equity investment shall be cancelled, and the registration of foreign investors' monetary investment confirmation shall be adjusted to the registration of domestic direct investment monetary investment in the bank where the funds are entered into account. Foreign Exchange Capital Management of Domestic Direct Investment Enterprises According to the Notice of the State Administration of Foreign Exchange on Reforming the Management of Foreign Exchange Capital Settlement of Foreign Investment Enterprises (Huifa [2015] No.19), since June 2015, Beijing Foreign Exchange Administration has implemented the reform of foreign exchange capital management of foreign investment enterprises in Beijing. 1. Foreign exchange capital of foreign-funded enterprises shall be settled willingly. Foreign exchange capital registered in the capital account of a foreign-funded enterprise can be settled in a bank according to the actual business needs of the enterprise and deposited in an account pending payment. The proportion of willingness to settle foreign exchange is tentatively set at 100%. The use of foreign exchange settlement funds should follow the principle of authenticity and self-use within the business scope of the enterprise. 2. Facilitate foreign-invested enterprises to carry out domestic equity investment with foreign exchange settlement funds. Foreign-funded enterprises with investment as their main business are allowed to transfer foreign exchange capital directly into the accounts of the invested enterprises according to the actual investment scale on the premise that the projects invested in their territory are true and compliant. 3. Domestic assets liquidation accounts and domestic reinvestment accounts opened by domestic institutions shall be managed with reference to capital accounts of foreign- funded enterprises. Willingness to settle foreign exchange may also be applied to foreign exchange earnings obtained from the transfer of equity rights of domestic foreign-funded enterprises by domestic

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entities to foreign countries, as well as domestic foreign exchange investment funds accepted by domestic invested enterprises. According to the Notice of Beijing Foreign Exchange Management Department of the State Administration of Foreign Exchange on the Implementation of the Capital Project Facilitation Policy in Zhongguancun National Independent Innovation Demonstration Zone (Jing Hui [2018] No.92), since October 30, 2018, Beijing Foreign Exchange Management Department has implemented the capital project income settlement and payment facilitation policy in its 16 Parks, Zhongguancun Demonstration Zone, allowing qualified Zhongguancun high-tech enterprises do not submit the authenticity certification materials to the bank one by one in advance when they handle the capital account foreign exchange income and the domestic payment of Chinese yuan funds for settlement of foreign exchange. Enterprises use funds with more flexibility, simplify procedures and shorten processes. The degree of facilitation is greatly improved.

»» Cross-border Financing Management

In order to further expand the cross-border financing space of enterprises and financial institutions, facilitate domestic institutions to make full use of overseas low-cost funds and reduce the financing cost of the real economy, the People's Bank of China has further improved the policy framework on the basis of a comprehensive assessment of the implementation of the macro-prudential management policy for cross-border financing. On January 11, 2017, the Circular of the People's Bank of China on Macro-prudential Management of Full-caliber Cross- border Financing (Yin Fa [2017] No.9, hereinafter referred to as Article No. 9) was issued. The policy allows legal enterprises and legal financial institutions (excluding government financing platforms and real estate enterprises) established in China according to law to carry out cross-border financing business within the upper limit of weighted balance of cross-border financing risks, and use the funds for their own production and operation activities in line with relevant state regulations and the direction of industrial macro-control. At present, foreign-invested enterprises can choose a mode of cross-border financing by themselves between the full-caliber mode and the "Investment Difference" mode. According to the Notice of Beijing Foreign Exchange Management Department of the State Administration of Foreign Exchange on the Implementation of the Capital Project Facilitation Policy in Zhongguancun National Independent Innovation Demonstration Zone (Jing Hui [2018] No.92), since October 30, 2018, Beijing Foreign Exchange Management Department has implemented the foreign debt facilitation policy in the 16 parks of the Zhongguancun

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Demonstration Zone. The foreign debt settlement of pilot enterprises can be used for the equity that meets the requirements investment. Some enterprises that have good prospects for development but short of net assets and need large financing can borrow foreign debts within the scale approved by foreign exchange management. Participation of Individuals in Foreign Exchange Management of Equity Incentive Scheme of Overseas Listed Companies According to the Notice of the State Administration of Foreign Exchange on the Participation of Domestic Individuals in the Foreign Exchange Management of the Equity Incentive Scheme of Overseas Listed Companies (Huifa [2012] No.7), since March 2012, individuals participating in the same Equity Incentive Scheme of Overseas Listed Companies shall centrally entrust a domestic agency to handle foreign exchange registration, account opening and capital through their domestic companies. Transfer and exchange related matters shall be handled by an overseas institution in charge of individual exercise rights, purchase and sale of corresponding stocks or interests, and transfer of corresponding funds. 1. Domestic agencies apply to the Beijing Foreign Exchange Administration or the Zhongguancun Central Branch for registration. Domestic agencies may directly go to Beijing Foreign Exchange Administration or Zhongguancun Central Branch for initial registration, quota approval, change registration and cancellation registration of equity incentives. 2. The transfer procedures of equity incentive funds shall be handled by banks. Depending on the certificate of foreign exchange registration of the equity incentive plan, domestic agents open a domestic special foreign exchange account in the bank to handle the corresponding procedures of purchase, payment and settlement of foreign exchange funds. Foreign exchange management of foreign employees of domestic listed companies participating in equity incentive plan According to the notice of the Measures for the Administration of Equity Incentive Funds for Foreign Employees of Domestic Listed Companies (Yin Fa [2019] No. 25) issued by the State Administration of Foreign Exchange of the People's Bank of China, since February 2019, foreign employees of domestic listed companies participating in equity incentive plans shall apply to Beijing Foreign Exchange Administration Department for foreign exchange registration via

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domestic listed companies. (1) Domestic listed companies apply to Beijing Foreign Exchange Management Department for registration. Domestic listed companies can directly go to Beijing foreign exchange management department for equity incentive registration, quota approval, change registration and cancellation registration. Beijing Foreign Exchange Management Department shall issue the corresponding foreign exchange registration certificate of equity incentive plan for domestic agencies after reviewing and checking the materials. (2) Relevant transfer procedures of equity incentive funds shall be handled by the bank. The domestic listed company shall handle the cross-border income and expenditure, capital transfer and exchange business related to the participation of foreign employees of the domestic listed company in equity incentive with the business registration certificate and the copy of the business registration certificate. Centralized operation and management of foreign exchange funds of multinational corporations To further implement the requirements of the State Council's "Decentralization Management Service", promote trade and investment facilitation, serve the real economy and facilitate the centralized operation of cross-border funds of transnational corporations, the State Administration of Foreign Exchange issued the Regulations on the Centralized Operation of Cross-Border Funds of Transnational Corporations (Hui Fa [2019] No. 7 document, hereinafter referred to as the Regulations) on March 16, 2019. The Regulations further simplify the registration and management of foreign debts and overseas loans, and implement "one-time registration" for foreign debts and overseas loans under the centralized operation of cross- border funds; expand new policy dividends, and allow multinational companies to directly carry out the pilot reform of the facilitation of income settlement and payment of capital projects after filing. When the relevant funds are used for settlement and payment, no need to provide the authenticity certificate one by one in advance; adjust and optimize the account function, the main account of domestic funds is a multi-currency (including RMB) account in which both account currency and quantity are not limited; remove the limit on the number of cooperative banks. Qualified market participants in Beijing can apply to the Beijing Administration of Foreign Exchange for the centralized operation and management of foreign exchange funds of transnational corporations according to their operational needs. After obtaining business qualifications, the main account of foreign exchange funds of domestic and abroad can be opened at the bank branches of Beijing, operate and manage the funds of domestic and foreign enterprises in a centralized way, and carry out one or more businesses in the centralized

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foreign debt line, the centralized overseas lending line, the centralized collection and payment of current account funds and the net balance settlement.

»» Registration of Current Account Foreign Exchange Income and Expenditure Enterprises

Foreign-funded enterprises that need to deal with import and export business shall go to the Beijing Administration of Foreign Exchange with the following information. After the administration has examined the relevant information correctly, they shall go through the registration formalities for their directories: 1. Letter of Application for Registration of Foreign Exchange Income and Expenditure Enterprises in Goods Trade; 2. Confirmation Letter of Processing Foreign Exchange Income and Expenditure Business of Goods Trade signed by the legal representative and stamped with the official seal of the enterprise, ((1.2 can be downloaded through the public email box: [email protected], password: 924925, Note: Please do not change the password); 3. Business License of Enterprise Legal Person or Copy of Business License of Enterprise; 4. The information in Item 3-4 of the Return Receipt for Recording the Establishment of Foreign- funded Enterprises shall be provided with valid originals and copies with official seals. 5. Other information required by the Foreign Exchange Administration.

»» Declaration of International Revenue and Expenditure

When a domestic resident or a domestic non-resident receives or pays foreign-related payments through a domestic bank, he or she shall make a statistical declaration of the balance of payments through an agency bank. Relevant capital account foreign exchange regulations and business operation guidelines can be found on the website of the State Administration of Foreign Exchange (http://www.safe.gov. cn/).

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Taxation

»» Confirmation of Registration

Starting from October 1, 2015, newly established foreign-invested enterprises received business licences with unified social credit codes issued by departments of industry and commerce administration without applying for Tax Registration Certificates any more. Enterprises can use their business licences with unified social credit codes when handling tax-related issues. Since November 1, 2017, when newly registered enterprises and farmers' professional cooperatives first deal with tax-related matters, taxation authorities, based on the registration information shared by the industrial and commercial departments, shall prepare the "Multiple- in-One Certificate" Registration Information Confirmation Form to remind taxpayers to supplement the incomplete information, correct the inaccurate information and correct the information that needs to be updated. Taxation authorities no longer require them to fill in the Supplementary Information Form for First-time Taxpayers. Taxpayers have to shoulder the responsibility of the authenticity and legitimacy of the materials they submitted. After submitting their "one licence and one code" information, taxpayers shall lodge relevant tax declarations in accordance with the law, administrative legislation or the declaration deadlines of tax authorities. Taxpayers can enter into entrustment agreements authorizing the tax authorities to collect taxes, check accounts and supervise the whole process through payment services offered by related banks. If taxpayers require an invoice to be issued, this may be handled through various services by having the type of invoice they need ratified, the VAT control facility issue an invoice, and so forth. Taxpayers who need special VAT invoices must apply to the authorities to qualify for VAT general taxpayer registration, apply for endorsement of the maximum face value of the VAT invoices, and other issues. If the registration information of the intermediary agency or other agent is confirmed, a copy of the power of attorney (original document) and the identity card of the agent shall be provided as authorized by the legal representative (responsible person).

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»» Taxes and Charges

Taxes and Charges Value-added taxes (VAT) for import or sale of goods, and processing, repair and assembly services

Category VAT Rates For the sale or import of foreign goods, and processing, repairs 16% and assembly services For the import or sale of grains, edible vegetable oil, tap water, heating, air conditioning, hot water, coal gas, liquefied petroleum gas, natural gas, methane, coal products for domestic use, books, 10% newspapers, periodicals, fodder, chemical fertilisers, pesticides, agricultural machinery and plastic sheeting for agriculture 0%(Unless otherwise stipulated For goods of export by the State Council)

From May 1, 2018, the collection rate for the enterprises whose annual VAT sales are 5 million yuan and less is 3%. The VAT shall be refunded or exempted for exports of goods by foreign- invested enterprises by virtue of relevant vouchers submitted to the local office of the state administration of taxation after export declaration of goods and sales accounting in respect of finance, unless otherwise stipulated by the State Council. VAT for taxable services

Category VAT Rates

For leasing services of tangible movable property 16%

for transportation and postal services 10% for modern service-industry services (except leasing services of tangible 6% movable property) for taxable services stipulated by the Ministry of Finance and the State Taxation 0% Administration

The rate is 3 % for entities and individuals verified as small-scale taxpayers providing taxable sendees with annual sales of less than 5 million yuan. Taxpayers that enjoy zero tax rates should report to the relevant taxation authority on schedule for refund (exemption) of VAT. The Ministry of Finance and the State Taxation Administration shall formulate specific measures.

Consumption tax Consumption tax covers 15 taxable items with 39 tax rates (amounts), ranging from 1% to 56%. Sales tax is levied on retail sales of gold and silver jewellery, diamonds ornaments, as well as

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ultra-luxury cars; on the production and wholesale of cigarettes; and on production of other taxable goods. Consumption tax on mulled rice wine, beer and refined oil products is levied based on output; for cigarettes and white spirits it is based on both output and price; while for other taxable goods it is based on price. Exemption from consumption tax shall be granted for taxable goods exported by taxpayers, except as otherwise stipulated by the State Council.

Corporate income tax (1) Enterprises are exempted from corporate income tax from the following businesses: ① Planting vegetables, grains, yams, oil craps, soy, cotton, flax, sugar, fruit and nuts; ② Cultivating new crop varieties; ③ Planting traditional Chinese medicine plants; ④ Planting and cultivating forests; ⑤ Breeding livestock and poultry; ⑥ Harvesting forestry products; ⑦ Irrigation, preliminary processing of agricultural products, dissemination of veterinary skills and agricultural techniques, operation and repair of agricultural equipment, and other agricultural, forestry, animal husbandry and fishing services; ⑧ Deep-sea fishing. (2) Enterprises are exempted from half of the corporate income tax from the following businesses: ① Planting flowers, tea and other beverage or spice crops; ② Saltwater and freshwater aquaculture. Enterprises engaged in businesses restricted or forbidden by the state shall not enjoy the aforementioned corporate income tax exemptions. (3) Public infrastructure projects with the key support of the State refer to projects of harbours and wharfs, airports, railways, highways, urban public transport electric power and water conservation specified in theCatalogue of Public Infrastructure Projects Eligible for Corporate Income Tax Preferential Treatment. If enterprise income is from the investment in and operation of public infrastructure projects supported by the state, the enterprise income tax from the first year after obtaining the first sum of production and operation income to the third year shall be fully exempted, and be halved from the fourth year to the sixth year. The first sum of production and operation income refers to the first sum of income obtained after a public infrastructure project has been completed and put into operation. Projects, though involving exempted items, conducted under contract operation, contract construction or construction by an enterprise for itself are excluded from the

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exemptions. (4) If enterprise income is from the operation of eligible eco-friendly or energy- or water-saving projects, the corporate income tax from the first year after obtaining the first sum of production and operation income to the third year shall be fully exempted, and be halved from the fourth year to the sixth year. (5) Yearly income of no more than 5 million yuan earned from technology transfers by resident enterprises is eligible for exemption from corporate income tax. The part of the said income exceeding 5 million yuan is eligible for a 50 % reduction of corporate income tax. (6) Corporate income tax is collected at a tax rate of 15 % for high-tech enterprises with the key support of the State. The said enterprises must meet the following requirements: ① The enterprise has been registered for not less than one year when applying for certification; ② The enterprise shall own intellectual property rights of technologies that show core support to their key products (services) by such means as independent research and development, transfer, donation or merger; ③ The technologies that show core support to their key products (services) shall fall within the scope as stipulated in the Advanced and New Technology Areas Eligible for the Key Support of the State; ④ The number of scientific and technical personnel engaged in research and development as well as relevant technology innovation activities shall account for not less than 10 % of the total number of employees of the enterprise for the current year; ⑤ The proportion of its total research and development expenditure in the past three fiscal years (or during the actual period of business operations which is less than three years have not lapsed since the formation of the enterprise, the same as below) to its total sales shall meet the following requirements:

The sales revenue of the enterprise in the Proportion of the total research and development previous year expenditure to the total sales

Less than 50 million yuan Above 5%

Between 50 million and 200 million yuan Above 4%

Surpasses 200 million yuan Above 3%

Note: the proportion of the total research and development expenses incurred within China to the total research and development expenses shall not be less than 60%.

⑥ The enterprise's revenue from high-tech products (or services) shall account for not less than 60 % of its total revenue in the latest year;

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⑦ The evaluation of the enterprise's ability to innovate shall satisfy the corresponding requirements; ⑧ No major safety and quality accidents or serious environmental violations have occurred within one year before the enterprise applies for certification. (7) If research and development expenses for new technologies, new products and new crafts cannot be formed into intangible assets suitable for accounting in current profits and losses, the research and development expenses shall be given a deduction plus 50 % based on the said expenses. If the research and development expenses can be transformed into intangible assets, they shall be amortised as per 150 % of the costs of the intangible assets. If research and development expenses actually generated by small and medium-sized enterprises cannot be formed into intangible assets suitable for accounting in current profits, and losses, the research and development expenses shall be given a deduction plus 75 % based on the said expenses before tax from January 1, 2017 to December 31, 2019. If the research and development expenses can be transformed into intangible assets, they shall be amortised as per 175 % of the pre-tax costs of the intangible assets during the said period. (8) Salaries paid to disabled persons employed by enterprises shall qualify for a deduction plus 100 % of the said expenses from the taxable corporate income. The scope of disabled persons is subject to the Law of the People's Republic of China on the Protection of Disabled Persons. The regulations on additional deduction of salaries paid by enterprises to other employees encouraged by the State shall be otherwise stipulated by the State Council. (9) In accordance with the Notice on Pilot Tax Policies for Venture Capital Enterprises and Individual Angel Investors (Cai Shui [2017] No.38), if a venture capital enterprise directly invests in a small- or medium-sized high-tech enterprise, or a seed and start-up high-tech enterprise in the way of equity investment for no less than 2 years (24 months), 70 % of the investment amount shall be deducted from the taxable corporate income of the said enterprise in the second year of shareholding. If the taxable corporate income is not enough for deduction in the second year of shareholding, it can be deducted in the following taxable years. (10) For enterprises whose main raw materials are included in the Income Tax Preferential Directory for Comprehensive Utilisation of Resources of Enterprises, if the income is obtained from products that are not restricted or forbidden by the state and conform to relevant standards of the state and industry, this part of taxable income can be deducted by 10 %. (11) If equipment purchased and utilised by an enterprise for environmental protection, energy and water conservation, and production safety is included in the Corporate Income Tax Preferential Directory on Equipment Favouring Environmental Protection, the Corporate Income Tax Preferential Directory on Equipment Favouring Energy and Water Conservation, or

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the Corporate Income Tax Preferential Directory on Equipment Favouring Production Safety, 10 % of the investment amount of the equipment shall be deducted from taxable income of the enterprise in the current year; if the taxable income is not enough for deduction, it can be deducted in the following 5 taxable years. Enterprises enjoying corporate income tax preference specified in this clause should actually purchase and use the equipment specified in the preceding paragraph. If an enterprise leases or transfers the aforesaid equipment within five years after purchase, the tax preference it enjoys shall cease and the enterprise will have to pay back taxes already deducted. (12) Enterprises that own major or key fixed assets and use them for production and operation can shorten the depreciable life or accelerate depreciation on those assets if: ① The rapid upgrading of products requires technological improvement; ② Or the equipment is used in strongly vibrating or corrosive conditions. The minimum depreciable life is no less than 60 % of the depreciable life specified in Article 60 of the Implementation Regulations of the Law of the People's Republic of China on Corporate Income Tax. The double declining balance method or the sum of the years' digits method can be adopted as depreciation acceleration methods.

According to the Document (Cai Shui [2014] No.75) Notice on Improving the Enterprise Income Tax Policy of Accelerated Depreciation of Fixed Assets, from January 1, 2014, the following provisions on corporate income tax related to accelerated depreciation of fixed assets should be followed: ① As for fixed assets newly purchased by six industries (biopharmaceutical manufacturing; special equipment manufacturing; railway, vessel, aerospace and other transportation equipment manufacturing; computer, communications and other electronic equipment manufacturing; instrumentation manufacturing; and the information transmission, software and information technology service industry), after January 1, 2014, the depreciation period can be shortened or the accelerated depreciation method can be adopted. Instruments and equipment with a unit value of no more than 1 million yuan newly purchased by small enterprises with low profits in the six industries aforementioned after January 1, 2014 for research, development, production and operation, are allowed to be incorporated on a one-time basis into costs for that period, which should be deducted from taxable income, and yearly depreciation calculation will not be applied; regarding those with a unit value of more than 1 million yuan, the depreciation period can be shortened or the accelerated depreciation method can be adopted. ② Instruments and equipment with a unit value of no more than 1 million yuan, newly

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purchased by enterprises in all industries after January 1, 2014 exclusively for research and development are allowed to be incorporated on a one-time basis into costs for that period, which should be deducted from taxable income, and yearly depreciation calculation will not be applied; regarding those with a unit value of more than 1 million yuan, the depreciation period can be shortened or the accelerated depreciation method can be adopted. ③ Fixed assets with a unit value of no more than 5,000 yuan are allowed to be incorporated on a one-time basis into costs for that period, which should be deducted from taxable income, and yearly depreciation calculation will not be applied. ④ As for enterprises which shorten the depreciation time according to the first two provisions aforementioned, the depreciation time shall be no less than 60 % of that stipulated in Article 60 of the Regulations of the People's Republic of China on the implementation of the Corporate Income Tax Law; regarding those adopting accelerated depreciation, the double declining balance method or the sum of the years' digits method can be applied. Issues on corporate income tax related to accelerated depreciation of fixed assets, which are unmentioned by the first three provisions of the notice, should be handled according to the Enterprise Income Tax Law, its implementation regulations and current policies on tax revenue as usual.

According to the Document (Cai Shui [2015] No.106) Notice on Further Improving the Enterprise Income Tax Policy of Accelerated Depreciation of Fixed Assets, the following provisions should be followed: ① As for fixed assets newly purchased by four industries (the light industry, textile industry, machinery industry and automobile industry), after January 1, 2015, the depreciation period can be shortened or the accelerated depreciation method can be adopted. ② Instruments and equipment with a unit value of no more than 1 million yuan newly purchased by small enterprises with low profits in the four industries aforementioned after January 1, 2015 for research, development, production and operation, are allowed to be incorporated on a one- time basis into costs for that period, which should be deducted from taxable income, and a yearly depreciation calculation will not be applied; regarding those with a unit value of more than 1 million yuan, the depreciation period can be shortened or the accelerated depreciation method can be adopted. ③ As for enterprises which shorten the depreciation time according to the first two provisions aforementioned, the depreciation time shall be no less than 60 % of that stipulated in Article 60 of the Regulations of the People's Republic of China on the Implementation of the Corporate Income Tax Law; regarding those adopting accelerated depreciation, the double declining balance

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method or the sum of the years' digits method can be applied. According to the Corporate Income Tax Law and its implementation regulations, enterprises have the right not to adopt the accelerated depreciation method based on their own operational needs.

According to the articles of the Notice on the Policy of Deducting Relevant Enterprise Income Tax from Equipment and Appliances (Cai Shui [2018] No.54), it is stipulated as follows: ① If the unit value of newly purchased equipment and appliances does not exceed 5 million yuan during the period from January 1, 2018 to December 31, 2020, the enterprise shall be allowed to deduct the current cost and expenses in the calculation of taxable income at one time, and no depreciation shall be calculated annually. ② The term "equipment and appliances" as mentioned in this notice refers to fixed assets other than houses and buildings. (13) If an enterprise is engaged in projects that are applicable to different enterprise income tax treatments at the same time, its preferential items shall calculate the income separately and reasonably share the period expenses of the enterprise; if there is no separate calculation, it shall not enjoy preferential enterprise income tax.

Individual income tax On January 1, 2019, the new Individual Income Tax Law adopted a comprehensive and classified personal income tax system. In the fourth quarter of 2018, the transition period policy have been implemented, i.e. income from wages and salaries, income from production and operation of individual industrial and commercial households, and the deduction standard of 5,000 yuan per month shall be applied to the contractual lease and operation income of enterprises and institutions, and the new tax rate table shall be applied. According to the provisions of the Individual Income Tax Law, all kinds of income obtained by individuals are divided into comprehensive income and classified income. The comprehensive income includes wages, salaries, and remuneration for services, contributions and royalties. There are five categories of income: operating income, interest, dividend, dividend income, property leasing income, property transfer income and accidental income. The individual income tax shall be calculated on the basis of the consolidated income tax year; the individual income tax shall be calculated on a monthly or sub-item basis if the non-resident individual obtains the consolidated income. Taxpayers who obtain classified income shall calculate individual income tax separately in accordance with the provisions of the Individual

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Income Tax Law. Individual income tax rates can be categorised into two kinds; the excess progressive tax rate and proportional tax rate. (1) The comprehensive income is subject to the excess progressive tax rates, with 7 levels that range from 3 % to 45 %. (2) The operation and management income are subject to the excess progressive tax rates, with 5 levels that range from 5 % to 35 %. (3) Income from interest, dividend and bonus, lease of property, transfer of property and accidental income shall all be subject to the proportional tax rate of 20%.

Comprehensive Income Tax Rates

Level Annual Taxable Income Tax Rate (%)

1 Up to 36,000 yuan 3

2 From over 36,000 yuan up to 144,000 yuan 10

3 From over 144,000 yuan up to 300,000 yuan 20

4 From over 300,000 yuan up to 420,000 yuan 25

5 From over 420,000 yuan up to 660,000 yuan 30

6 From over 660,000 yuan up to 960,000 yuan 35

7 Over 960,000 yuan 45

Note 1: The annual taxable income in this table refers the general income obtained by a resident individual, the taxable income shall be the remainder after deducting the 60,000 yuan quota, special deductions, special extra deductions, and other deductions specified according to the law from his or her gross income obtained in a single tax year. Note 2: For wage and salary income received by non-resident individuals, income derived from labor services, author's remuneration, and royalty income, the taxable income shall be calculated according to the monthly conversion according to this table.

Operation and Management Tax Rates

Level Annual Taxable Income Tax Rate (%) 1 Up to 30,000 yuan 5 2 From over 30,000 yuan up to 90,000 yuan 10 3 From over 90,000 yuan up to 300,000 yuan 20 4 From over 300,000 yuan up to 500,000 yuan 30 5 Over 500,000 yuan 35 Note: The annual taxable income in this table refers to the balance after deducting costs, expenses and losses from the total income of each tax year.

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Resident individuals Individuals who have domicile or no domicile in China and have resided in China for a total of 183 days in a tax year shall be resident individuals. Personal income tax shall be paid in accordance with the provisions of the Individual Income Tax Law. (Tax year from January 1 to December 31 of Gregorian calendar) Non-resident individuals Individuals who have no residence in China, or who have no residence in China for less than 183 days in a tax year, are non-resident individuals. Income derived by non-resident individuals from China shall be subject to individual income tax in accordance with the provisions of the Individual Income Tax Law. Income from wages and salaries of non-residents shall be taxable income from the balance of monthly income minus expenses of 5,000 yuan; income from remuneration for services, contributions and royalties shall be taxable income from each income. Where there are withholding agents in the income of wages and salaries, remuneration for services, remuneration for manuscripts and royalties obtained by non-residents, the withholding agents shall withhold taxes on a monthly basis or on a successive basis, and shall not handle settlement. Where a non-resident individual obtains wages and salary income from more than two places within the territory of China, he or she shall declare and pay taxes within 15 days of the next month in which the income is obtained.

Land VAT Taxpayers of land VAT: enterprises or individuals who gain income by transferring the use rights of national land and buildings on land and their attachments, including various enterprises and public institutions, governmental departments, social organisations, self-employed individuals, and other organisations and individuals. Land VAT is calculated according to the value added during the transfer of real estate, which is the balance after deducting stipulated deduction items from the taxpayer's income from the transfer of real estate. The income of a taxpayer from the transfer of real estate includes all the money gained through the transfer of real estate, such as monetary income, income in kind and other incomes, as well as related economic benefits. Deduction items in calculation of value added include: (1) Fees paid for obtaining land-use rights. (2) Costs of land development and construction of new buildings and supporting facilities (costs of real-estate development), including expenses for land expropriation, relocation compensation, advance earthwork, construction and installation, infrastructure and public

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supporting facilities, and development overhead. (3) Costs of land development and construction of new buildings and supporting facilities (costs of real-estate development), including sales costs, management fees and financial costs. (4) Assessed prices of old buildings and structures used for more than one year, which are obtained by multiplying the replacement cost price assessed by a real-estate assessment institution ratified by the Government of Beijing by the discount rate of conditions and confirmed by a local relevant taxation authority, in transferring buildings and structures. When transferring buildings and structures, the taxpayer needs to assess the real estate value for tax calculation. Assessment fees may be deducted when the added value is calculated. (5)Taxes related to the transfer of real estate include business tax, urban maintenance and construction tax and stamp duty. Educational surcharges paid due to the transfer of real estate may also be deducted. (6)Additional deduction: For taxpayers involved in real-estate development, the additional deduction rate for the total cost of land-use rights and real-estate development is 20 %. Progressive rates above the normal rate are implemented for land VAT at the following four levels: 30 % for the portion of the added value that does not exceed 50 % of the total amount of deduction items; 40 % for the portion of the added value that exceeds 50 % of the total amount of deduction items but does not exceed 100 % of the total amount of deduction items; 50 % for the portion of the added value that exceeds 100 % of the total amount of deduction items but does not exceed 200 % of the total amount of deduction items; and 60 % for the portion of the added value that exceeds 200 % of the total amount of deduction items. In any of the following circumstances, the land VAT shall be exempted: (1) Taxpayers who build ordinary standard residential houses for sale and their value-added does not exceed 20% of the amount deducted from the project; (2) Real estate requisitioned or recovered in accordance with the law due to the need of state construction.

Real estate tax Taxpayers: Real estate taxes shall be paid by the property owners. If the property right belongs to the whole people, it shall be paid by the operation and management unit. If the property right is published, it shall be paid by the undertaker. Where the property owner is not at the place where the property is located, or the property right is not determined and the dispute over the lease code is not settled, it shall be paid by the real estate agent or user. Taxation scope: Collection of the real estate tax shall be in cities, counties, organic towns and industrial and mining areas. The collection scope of real estate tax in our city has been

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extended to the administrative villages under the city's jurisdiction. Tax basis: Real estate tax is based on the original value or rent of real estate, that is, the residual value of self-used real estate after deducting 10% to 30% of the original value of real estate is taxed at the 1.2% tax rate, and the deduction ratio stipulated by our city is 30%. Rental income of rental real estate is taxed at the 12% tax rate. Duration of tax payment: The real estate tax in our city shall be collected twice throughout the whole year, with tax assessable periods of April 1-15 and October 1-15. Where foreign-invested enterprises or foreign individuals use a foreign currency for bookkeeping pay the real estate tax, taxes calculated in their reporting currency shall be converted into renminbi as per the central parity rate of renminbi on the last day of the month before the tax is paid.

Deed tax The deed tax is a tax levied on the recipient of transferred land and houses. Taxpayers of the deed tax include all entities and individuals that receive land and houses transferred within China. Bases for determining the deed tax include: ① The transaction price of the transfer of state-owned land-use rights, sales of land-use rights and sales of houses; ② The donation price of land-use rights and house ownership assessed by the deed tax administration according to the market price or assessed price of sales of similar land-use rights and sales of houses; ③ The difference in price when land use rights, house ownerships, and land use rights with house ownerships are exchanged; ④ For land-use rights obtained through transfer, when the land and house receive permission to be transferred (except for inheritors who must pay the deed tax according to regulations), the person who transfers th e land and house shall also pay the deed tax based on the transfer income of land-use rights or profit from the land; ⑤ For partial ownership of land or houses that are inherited, it shall be based on the agreed- upon price of whatever portion is inherited. When partial ownership changes to full ownership, it will be based on the agreed-upon price of the full ownership rights; the portion already paid is deducted from the tax payment. (2) The applicable deed tax rate determined by Beijing is 3%. The scope of exemption from the deed tax includes: ① Houses purchased after an original house was lost due to force majeure, shall be exempted

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from the deed tax. ② After land and houses are requisitioned by the people's government above the county level, the person who receives new land and house rights, with transaction prices not exceeding the land and house compensation fees, shall not pay the deed tax. ③ For urban employees who purchase public housing for the first time, the part of house area not exceeding the standard area stipulated by Beijing shall be exempted from the deed tax. The deed tax shall be paid for the part exceeding the stipulated standard area. For anyone with a house area smaller than the standard area and purchasing new public housing, their purchase shall be regarded as the first purchase. ④ Land and houses received by government departments, public institutions and social organisations and military institutions for use as office (buildings), archives, employee dining halls, classroom (buildings), laboratory (buildings), playgrounds, libraries, canteens, student dormitories, clinics, laboratory test rooms, inpatient departments, pharmacies, and scientific research sites, and other land and houses approved by Beijing Municipal Bureau of Finance and Beijing Municipal Bureau of Local Taxation and directly used for offices, teaching, medical practice and scientific research, shall be exempted from the deed tax. ⑤ Land and houses received by military institutions for aboveground and underground military command projects, military airports, storehouses, camps, training grounds, laboratories, observation stations, communication and navigation, as well as other land and houses used as military facilities and approved by Beijing Municipal Bureau of Finance and Beijing Municipal Bureau of Local Taxation, shall be exempted from the deed tax. ⑥ The analysis of jointly owned land and houses shall be exempted from the deed tax. ⑦ Anyone who receives usage rights to a barren hill, barren trench, barren hillock or barren beach and uses it for farming, forestry, animal husbandry or fishing industry shall not pay the deed tax. Other items with reduction of or exemption from the deed tax as stipulated by the Ministry of Finance shall be subject to provisions of the Ministry of Finance.

Urban land use tax In the urban and suburban administrative areas of the city, entities and individuals that use land in the suburban districts, county governments (county towns) and construction towns and industrial and mining areas are taxpayers of urban land use tax (hereinafter referred to as land use tax). Land use tax is based on the actual land area occupied by taxpayers, and the occupied land area is determined according to the land occupied area of construction land planning license or

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land ownership document; if there is no construction land planning license or land ownership document, the land occupied area shall be determined by taxpayers' actual declaration and verification by local tax authorities. The tax level of land use tax in this city is divided into six levels. The annual tax amount per square metre is as follows: 30 yuan for grade-1 land, 24 yuan for grade-2 land, 18 yuan for grade-3 land, 12 yuan for grade-4 land, 3 yuan for grade-5 land and 1.5 yuan for grade-6 land (see the Urban Land Tax Brackets of Beijing Municipality for detailed classifications). Tax payment period: The annual tax of Beijing land use tax is declared and paid in two times, with the tax declaration period from April 1 to April 15 and from October 1 to October 15.

Farmland occupation tax Entities and individuals that occupy farmland to construct buildings or engage in other non- agricultural construction in the administrative region of Beijing shall pay farmland occupation tax. Entities include: state-owned enterprises, collective enterprises, private enterprises, joint- stock enterprises, foreign-invested enterprises, foreign enterprises and other enterprises, public institutions, social organisations, governmental departments, military units and other entities. Individuals include individual industrial and commercial merchants and other individuals. The farmland occupation tax shall be calculated by multiplying the area of farmland actually occupied by taxpayers by the applicable tax rate. It is collected as a lump sum. Farmland occupation tax rates are as follows: ① Chaoyang District, Haidian District, Fengtai District and Shijingshan District: 45 yuan per square metre; ② Mentougou District, Fangshan District, Changping District, Huairou District and Pinggu District: 42 yuan per square metre; ③ Daxing District, Tongzhou District, Shunyi District and Miyun District: 40 yuan per square metre; ④ Yanqing District: 35 yuan per square metre; ⑤ For taxpayers who occupy basic farmland, the above local tax rates are increased by 50 %; ⑥ Rural citizens who occupy farmland to construct houses shall pay half of the local farmland occupation tax rate; ⑦ For farmland used for railways, highways, airstrips, aircraft parking areas, harbours and waterways, the farmland occupation tax shall be 2 yuan per square metre. The farmland occupation tax shall be exempted under the following circumstances: ① Farmland occupied for military facilities; ② Farmland occupied for schools, kindergartens, homes for the elderly and hospitals.

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Stamp duty Stamp duty is a tax imposed on taxable vouchers created or received in economic activities. Entities and individuals creating and receiving vouchers specified in the provisional regulations on stamp duty in the People's Republic of China are taxpayers of stamp duty. Taxpayers of stamp duty specifically include: (1)contractors, (2)account openers, (3)note signers and (4) recipients. There are two kinds of stamp duty: proportional tax and fixed tax. ① Proportional tax rates are 1/1,000, 5/10,000, 3/10,000 and 0.5/10,000. ② The fixed tax rate is 5 yuan per item. Applicable tax items and tax rates are as follows:

Category Rates

Rental property contracts, storekeeping contracts and property insurance contracts. 1/1,000 Processing contracts, construction engineering survey and design contracts, goods transport contracts and property ownership transfer documents as well as capital 5/10,000 account books. Purchase and sales contracts, construction and installation contracts, and technology 3/10,000 contracts. Loan contracts. 0.5/10,000

③ Items subject to the fixed-rate tax (set at 5 yuan per item): other account books, rights, licences and permits not listed above. Taxpayers shall calculate payable taxes using a proportional rate or the fixed rate, according to the nature of the taxable vouchers. If the payable stamp duty is less than 0.1 yuan, the stamp duty shall be exempted. If the payable stamp duty is more than 0.1 yuan, the mantissa less than 0.05 yuan shall be omitted: the mantissa no less than 0.05 yuan shall be calculated as 0.1 yuan. If the stamp duty of a property lease contract is less than 1 yuan, the stamp duty shall be collected as per 1 yuan. The following are exempted from stamp duty: ① Copies of vouchers with the stamp duty already paid; ② Documents on property owners donating properties to governments, social welfare units and schools; ③ Other vouchers with exemption from the stamp duty approved by the Ministry of Finance. For example: ◎ Contracts on purchase of farm and sideline products between the designated purchase departments and villagers committee and farmers; ◎ Contracts on interest-free and interest-subsidised loans; ◎ Contracts on provision of favourable loans by foreign governments or international financial

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organisations to the Chinese government and national finance departments. To alleviate the burden on enterprises and encourage investment and entrepreneurship, the Ministry of Finance and the State Administration of Taxation issued the Notice on the Reduction and Exemption of Stamp Tax on Business Accounts (Cai Shui [2018] No.50) on May 3. The document stipulates that, from May 1, 2018, stamp duty shall be levied on half of the capital account book decaled at the tax rate of 5/10,000, and stamp duty shall be exempted on other account books decaled at five yuan per piece.

Vehicle and vessel tax In the People's Republic of China, owners or managers of vehicles and vessels as set out in the Schedule of Vehicle and Vessel Tax Items and Amounts attached to the Law of the People's Republic of China on Vehicle and Vessel Tax shall pay taxes in accordance with the law. Tax items and amounts applicable to various vehicles and vessels are set out in the following schedule:

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Vehicle and Vessel Tax Items and Amounts Annual Tax Item Tax Unit Benchmark Note Tax Amount ≤ 1.0L 300 yuan >1.0 L and ≤ 1.6 L 420 yuan Passenger >1.6 L and ≤ 2.0 L 480 yuan vehicles Authorised number of (classified by >2.0 L and ≤ 2.5 L Per vehicle 900 yuan passengers ≤ 9 the engine >2.5 L and ≤ 3.0 L 1,920 yuan displacement) >3.0 L and ≤ 4.0 L 3,480 yuan >4.0 L 5,280 yuan Authorised number of Medium coaches Per vehicle 960 yuan passengers >9 but <20 (including trolley cars) Buses Authorised number Commercial vehicles Per vehicle 1,140 yuan of passengers ≥ 20 (including trolley cars) Curb Including semi-trailer Trucks weight 96 yuan trucks, tricars and low- (per ton) speed trucks Calculated Curb based on Trailers weight 50% of truck (per ton) tax Special-purpose vehicles Curb 96 yuan Other Special-purpose wheeled mobile weight Except tractors 96 yuan machinery (per ton) Per Motorcycles 120 yuan motorcycle Net tonnage ≤ 200 tons 3 yuan Net tonnage >200 tons but The tax amount of tugs Net 4 yuan Motorised ≤ 20,000 tons and non-motorised tonnage vessels Net tonnage >20,000 tons barges are 50% of that (per ton) 5 yuan but ≤ 10,000 tons of motorised vessels. Net tonnage >10,000 tons 6 yuan Vessels Hull length ≤ 10 metres 600 yuan Hull length >10 metres but 900 yuan ≤ 18 metres Hull length Yachts Hull length >18 metres but (per meter) 1,300 yuan ≤ 30 metres Hull length >30 metres 2,000 yuan Sail boats with auxiliary power 600 yuan

Note: The aforesaid provisions took effect on January 1, 2012.

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Urban maintenance and construction tax Urban maintenance and construction tax, an additional tax imposed on entities and individuals that pay VAT, consumption tax and business tax, is used for the maintenance and construction of urban public utilities and facilities. Urban maintenance and construction tax is calculated based on the actual payment of VAT, consumption tax and business tax and shall be paid simultaneously with those taxes. Applicable urban maintenance and construction tax rates in Beijing are as follows: ① 7 % for taxpayers in Dongcheng District, Xicheng District and the development zone, and in the administrative regions of the sub-district offices of Chaoyang District, Haldian District, Fengtai District, Shijingshan District, Mentougou District and Yanshan area; ② 5 % for taxpayers in suburban counties and towns; ③ 1 % for other taxpayers. If the urban maintenance and construction tax is withheld and remitted or collected and remitted, it shall be withheld and remitted or collected and remitted at the tax rate applicable to the entity that withholds and remits or collects and remits the tax. The ranges of the aforesaid sub-district offices, counties and towns are based on the administrative division by the People's Government of Beijing Municipality. The collection, supervision, payment links, reward and punishment of the urban maintenance and construction tax are performed in line with the related provisions of the VAT, consumption tax and business tax. The State Council released the Provisional Regulations of the People's Republic of China on Urban Maintenance and Construction Tax on February 8, 1985; the People's Government of Beijing Municipality released the Rules for Beijing to Implement the Provisional Regulations of the People's Republic of China on Urban Maintenance and Construction Tax on May 11, 1985. According to the Notice of the State Council on Unifying the Urban Maintenance and Construction Tax and Educational Surcharges for Domestic and Foreign-Funded Enterprises and Individuals (Guo Fa [2010] No.35) released by the State Council, from December 1, 2010, foreign-invested enterprises, foreign enterprises and foreign individuals shall pay urban maintenance and construction taxes.

Educational surcharge The educational surcharge is an additional charge for entities and individuals that pay VAT, consumption tax and business tax. Educational surcharges are levied by the tax authorities and used as a special fund for education. The educational surcharge is calculated based on the actual payment of VAT, consumption tax and business tax, which the rate is 3% and shall be

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paid simultaneously with the VAT and consumption tax. Collection and management of educational surcharges are performed in line with the related provisions on VAT, consumption tax and business tax. The Provisional Regulations on Levying Educational Surcharges was promulgated by the State Council on April 28, 1986. According to the Notice of the State Council on Unifying the Urban Maintenance and Construction Tax and Educational Surcharges for Domestic and Foreign- Funded Enterprises and Individuals (Guo Fa [2010] No.35) released by the State Council, from December 1, 2010, foreign-invested enterprises, foreign enterprises and foreign individuals shall pay education surcharges. Local educational surcharge is a kind of surtax levied on the units and individuals (including foreign-invested enterprises, foreign enterprises and foreign individuals) who pay VAT and consumption tax. The tax authorities are responsible for collecting and incorporating it into the local financial budget management. Local education surcharges are calculated and levied on the basis of VAT and consumption tax actually paid by units and individuals. The local education surcharges rate is 2%, which are paid at the same time with VAT and consumption tax respectively. The collection and management of local education surcharges, reduction or refund of fees and other matters shall be handled by referring to the relevant provisions of education surcharges. From January 1, 2012, entities and individuals that pay VAT, consumption tax and business tax in the administrative region of Beijing shall pay local educational surcharges, which are equal to 2% of the total amount of VAT, consumption tax and business tax. (Measures of Beijing Municipality on the Administration of Collection and Use of Local Education Surcharges (Jing Zheng Fa [2011] No.72))

Construction fee of cultural undertakings The construction fee for cultural undertakings is a special fund levied on the advertising media units and outdoor advertising business units that provide advertising services within the territory of the People's Republic of China, as well as the units and individuals that provide entertainment services within the territory of the People's Republic of China. Enterprises with foreign investment, foreign enterprises and foreign individuals with the above-mentioned tax obligations shall pay construction fees for cultural undertakings in accordance with the current provisions. The construction fee for cultural undertakings shall be collected by the tax authorities. The construction fee of cultural undertakings shall be calculated and levied on the basis of the billed sales amount obtained from the payment of advertising services or entertainment services provided by the obligors, and the rate is 3%.

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On September 5, 1996, the Provisions of the State Council on Further Improving Cultural and Economic Policies (Guo Fa [1996] No.37) stipulated that, in order to guide and regulate the development of cultural undertakings, cultural undertakings construction fees should be collected nationwide from January 1, 1997 (those already collected by local governments should not be collected repeatedly). In 2016, the Ministry of Finance and the State Administration of Taxation successively issued the Notice on the Policy and Collection Management of Cultural Industry Construction Fee Related to the Pilot Project of Replacing Business Tax with Value Added Tax (Cai Shiu [2016] No.25) and the Supplementary Notice on the Policy and Collection Management of Cultural Industry Construction Fee Related to the Pilot Project of Replacing Business Tax with Value Added Tax (Cai Shui [2016] No.60).

Employment security fund for persons with disabilities Employment security fund for the disabled is a fund paid by organs, organizations, enterprises, institutions and private non-enterprise units (hereinafter referred to as employing units) that fail to arrange employment for the disabled according to regulations to protect the rights and interests of the disabled. Employing units within the administrative region of Beijing shall arrange employment for disabled persons in accordance with the proportion of not less than 1.7% of the total number of employees in their units. If the proportion fails to meet the above-mentioned provisions, they shall pay employment security for disabled persons. The annual contribution of the employment security fund for the disabled = (the number of employees in the employing unit in the previous year × 1.7% - the number of persons with disabilities actually arranged by the employing unit in the previous year) × the average annual wage of the employees in the employing unit in the previous year. Employment security benefits relief policy for disabled persons: (1) If the average annual wage of the employees in the employing unit does not exceed twice the average social wage of Beijing in the previous year, it shall be calculated on the basis of the actual average annual wage of the employees in the employing unit; if the average annual wage exceeds twice the average social wage of Beijing in the previous year, it shall be calculated on the basis of twice the average social wage of Beijing in the previous year. The average social wage refers to the average social wage published by the human resources and social security department and the statistical department of Beijing. (2) Within three years from the date of registration of industry and commerce, the employment security fund for the disabled shall be exempted in small and micro-enterprises where the number of persons with disabilities has not reached 1.7% of the total number of employees

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in service, and the total number of employees in service is less than 30 (including 30). After adjusting the scope of exemption, enterprises with less than three years of industrial and commercial registration and less than 30 employees (including) in service may exempt disabled persons from employment security payments in accordance with the provisions in the remaining period. (3) If an employing unit suffers major direct economic losses from force majeure natural disasters or other emergencies, it may apply for relief or postponement of payment of employment security funds for disabled persons.

Trade union funds Enterprises, institutions and other organizations that establish trade union organizations (except administrative organs and institutions that administer the full budget of trade union funds allocated by the central government and by the public finances) shall raise trade union funds by 2% of the total salaries of all employees last month before the 15th day of each month. Enterprises, institutions and other organizations that have not established trade union organizations shall, from the date of receiving the official letters from higher level trade unions to help and guide grass-roots units to form trade unions, raise trade union funds monthly at 2% of the total salaries of all workers last month for the establishment of trade unions and their services. All employees refer to those who work in enterprises, institutions and other organizations or have established labor relations or employ relations with enterprises, institutions or other organizations and obtained salaries. This also includes those who leave their own entities but still retain labor relations and those who have retired. In which, the employees of foreign- invested enterprises shall include Chinese, Hong Kong, Macao and Taiwan and foreign employees. Foreign employees refer to mental and manual workers who work and earn salaries and income in foreign-invested enterprises and are non-nationality of the People's Republic of China. The determination of the total salaries of employees shall be carried out in accordance with the provisions of the State Statistical Bureau on the Provisions on the Composition of Total Salaries and the interpretation of the new indicators of labour wage statistics. The total salary refers to the total amount of labor remuneration paid directly to all employees of the entity within a certain period of time. The calculation of total salary shall be based on the total remuneration paid directly to the employees. If the total salary is difficult to determine, it shall be calculated by multiplying the average social wage of Beijing last year by the total number of employees.

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Enterprises, institutions and other organizations shall report truly and pay trade union funds to the tax authorities for the last quarter at the place of tax registration within 15 days from the end of each quarter (postponement of statutory holidays). Enterprises, institutions and other organizations may declare on-line or directly report trade union funds to the tax authorities at the place of tax registration. Enterprises, institutions and other organizations that fail to pay or underpay trade union funds within the time limit should make a supplementary payment in time, and in accordance with the relevant provisions of the Measures for the Implementation of the Trade Union Law of the People's Republic of China in Beijing, a late fee shall be legally charged at the amount of 5‰ per day in arrears.

Beijing Tax Bureau, State Administration of Taxation Address: No.8 and No.10 Chegongzhuang Street, Xicheng District, Beijing Zip code: 100044 Tel: (8610) 8837 6014 Fax: (8610) 8837 2016 Website:http://beijing.chinatax.gov.cn/bjswjwz/ Tax Service Hotline: 12366

Contacts of District (Area) Tax Bureaus in Beijing

District Tel(8610) District Tel(8610)

Dongcheng District 64515797 Tongzhou District 12366

Xicheng District 66027600 Shunyi District 12366

Chaoyang District 81400366 Daxing District 69242176

Haidian District 88501236 Changping District 12366

Fengtai District 63802938 Pinggu District 12366

Shijingshan District 53968718 Huairou District 69641806

Mentougou District 69865090 Miyun District 12366

Fangshan District 81389600 Yanqing District 69145640

Second Tax Affairs Yanshan Area 69341075 Branch Bureau (Office of 63911459 Export Tax Rebate)

Beijing Economic and Technological 81400866 Development Zone

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Customs Procedures

»» Customs Declaration Entities [Enterprise Management Division]

Interpretation of Terms Customs authorities implement the management of registration for customs declaration entities (enterprises). The registration of customs declaration entities is classified into: registration of declaration enterprises; and registration of consignors and consignees of imported and exported goods. Consignors and consignees of imported and exported goods can directly handle registration formalities with local customs. (1) Customs declaration entities refer to the customs declaration enterprises and consignors and consignees of imported and exported goods handling registration formalities with customs according to these provisions. (2) Customs declaration enterprises refers to corporate legal persons engaged in customs declaration services in the People's Republic of China who are registered with customs and entrusted by consignors and consignees of imported and exported goods to go through customs clearance in the name of the principals or in their own name. (3) Consignors and consignees of imported and exported goods refers to legal persons, other organisations or individuals in the People's Republic of China that directly import or export goods in accordance with the law. (4) Customs declarer refers to people who are responsible for filing customs declarations on behalf of the entities for which they work. (5) The customs declaration error rate is the number of customs declaration errors recorded by customs declaration entities as a percentage of the total number of declarations during the period. Enterprises' Registration of customs declaration When applying for industrial and commercial registration, the applicant selects the record registration of the consignee and consignor of the import and export goods and supplements the relevant record information. After the customs confirms that it has received the industrial and commercial registration information and business filing information of the enterprise, it completes the enterprise filing, and the

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enterprise does not need to go to the customs to go through the registration formalities. Enterprises entering information through the "single window", "enterprise qualifications" subsystem or "Internet + Customs" need to submit the "Registration Form of Customs Declaration Units" to the local customs. The customs will no longer issue the "Registration Certificate of Customs Declaration Units" (consignees and consignors of import and export goods). If the consignee or consignor of import and export goods needs to obtain the written record registration information, he / she can print the record registration receipt online through the "single window" and stamp the customs seal at any customs enterprise management window. Customs declaration enterprises shall submit materials to the local customs, 40 working days for administrative approval, and 10 working days for special circumstances. Where an enterprise handles the filing of customs declaration personnel at the same time, it shall fill in the filing information of customs declaration personnel at the same time when handling relevant businesses at the "single window". Among them, the information of the identity documents of the customs declaration personnel should be filled with the relevant information of the resident identity card, and temporarily, the "single window" does not support the use of identity documents of other personnels. Website for downloading registration materials The website of Beijing Customs District, People's Republic of China (http://beijing.customs.gov. cn/) → Affairs handling (Download of Forms) → Enterprises Management → Click relevant items to download registration materials.

»» Records of specific qualifications [Enterprise Management Division]

Record of consignee of imported food Articles of law: Article 96 of the Food Safety Law of the People's Republic of China ; Article 12 of the Implementation Regulations of the People's Republic of China on Import and Export Commodity Inspection Law; Article 8 of the Special Provisions of the State Council on Strengthening the Supervision and Administration of Food and Other Products Safety; Measures for the Administration of Food Safety for Import and Export; Announcement of the AQSIQ on the Administration of Filing of Imported Food Importers and Exporters and the Regulations on the Administration of Food Import and Sales Records (AQSIQ Announcement No.55 of 2012). Accepted by: Dongcheng Customs; Tel: 12360 Processing time limit: Within 5 working days from the date of accepting the application, a decision shall be made to allow or not to file.

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Result: The filing number is issued through the filing system and the filing list is published online, or the filing system is notified of the reasons for the rejection and the filing application is returned to the applicant. http://ire.customs.gov.cn (1) Application materials ① Application form for filing of consignees of imported food; ② Business license, unified social credit code, legal representative identification, registration form for foreign trade operators; ③ Enterprise quality and safety management system; ④ Establishment of organizational structure, department functions and post responsibilities related to food safety; ⑤ Type and storage locations of food to be operated; ⑥ For those who have been engaged in the import, processing and sale of food within two years, relevant proof (food variety and quantity) shall be provided. (2) Application process ① Filing system application Consignees of imported foods should log in to the enterprise end of the "General Administration of Import and Export Traders' Filing Management System" (hereinafter referred to as the "Filing Management System") of the General Administration of Customs (website: http://ire.customs. gov.cn), complete and submit an online application form. If the consignee has not obtained the record filing qualification of imported meat from the General Administration of Customs, "meat" of the operating variety should not be checked. ② Email application materials submission The application materials should be stamped with the official seal, and the electronic scanned copy should be compressed into a single file (the name of the compressed file should be "First application for food consignee-full name of the enterprise" or "Application for change of food consignee-full name of the enterprise", and each file in the package should be marked with a name, one copy, no format required), and send to email [email protected]. ③ Examination Dongcheng Customs verifies the application information and dispatches personnel to conduct on-site review when it is deemed necessary. Record of consignee of imported cosmetics Articles of law: Article 12 of the Implementation Regulations of the People's Republic of China on Import and Export Commodity Inspection Law; Article 8 of the Special Provisions of the State Council on Strengthening the Supervision and Administration of Food and Other Products Safety; Measures for the Supervision and Administration of the Inspection and Quarantine of

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Imported and Exported Cosmetics; Announcement of the AQSIQ on the 'Administration of Filing, Import Records and Sales Records of Domestic Consignees of Imported Cosmetics' (AQSIQ Announcement No.77 of 2016). Accepted by: Dongcheng Customs; Tel: 12360 Processing time limit: Within 5 working days, a decision shall be made whether to allow or not to file. Result: The filing number is issued through the filing system and the filing list is published online, or the filing system is notified of the reasons for the rejection and the filing application is returned to the applicant. (http://ire.customs.gov.cn) (1) Application materials ① "Application form for consignee of imported cosmetics"; ② Business license, uniform social credit code, legal representative identification certificate, foreign trade operator filing registration form; ③ Enterprise quality and safety management system; ④ Establishment of organizational structure, department functions and post responsibilities related to cosmetic safety; ⑤ Type and storage locations of cosmetics to be operated; ⑥ For those who have been engaged in the import, processing and sale of cosmetics within two years, relevant proof (food variety and quantity) shall be provided. (2) Application process ① Filing system application The filing is limited to enterprises registered in Beijing, the consignee should log in to the enterprise end of the "Filing Management System for Importers and Exporters of Imported Food and Cosmetics" (hereinafter referred to as "Filing Management System") of the General Administration of Customs (website: http://ire.customs.gov.cn), complete and submit the online application form. ② Email application materials submission The application materials should be stamped with the official seal, and the electronic scanned copy should be compressed into a single file (the name of the compressed file should be "First application for cosmetics consignee-full name of the enterprise" or "Application for change of cosmetics consignee-full name of the enterprise", and each file in the package should be marked with a name, one copy, no format required), and send to email [email protected]. ③ Examination Dongcheng Customs verifies the application information and dispatches personnel to conduct on-site review when it is deemed necessary.

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Record of consignee of imported meat Articles of law: Article 96 of the Food Safety Law of the People's Republic of China; Article 8 of the Special Provisions of the State Council on Strengthening the Supervision and Administration of Food and Other Products Safety; Measures for the Administration of Food Safety for Import and Export; Measures for the Supervision and Administration of the Inspection and Quarantine of Import and Export Meat Products. Accepted by: Beijing Customs Enterprise Management Office; Tel: 12360 Place of application: Online acceptance, online submission to Internet + Customs, or send a scanned copy of the application materials to the mailbox, [email protected]. Application materials ① "Application Form for Recorded Consignee of Imported Meat"; ② Valid business certificate of the enterprise, including the business license, corporate code certificate, and tax registration certificate of the enterprise; if a three-in-one license is implemented, then a three-in-one license may be used for application; ③ Legal representative ID card; ④ Enterprise import and export qualification certification documents, such as "Registration Form for Foreign Trade Operators"; ⑤ Imported meat quality and safety management system, including meat import and sales record system, product traceability management system, meat product storage management system, occupational training and health management system for employees, non-conforming product recall and disposal system, etc.; corporate organizations and daily management systems such as departments and positions responsible for imported meat, the organization must specify the name and contact information of the food safety officer, and the duties and responsibilities of the food safety officer must be specified in the daily management system; ⑥ List of overseas suppliers and domestic sales or processing enterprises to be traded, address and contact information; ⑦ Knowledge answer sheet of inspection and quarantine of imported meat; ⑧ Quality and Safety Commitment and the introduction to the development of food business and trade in the past three years, should be written in accordance with the conditions and related content required; ⑨ Application Material Commitment. The main content should be the commitments of the materials provided are true. If there is any deception, the applicant should voluntarily assume the corresponding legal responsibility. The above-mentioned materials must be true and valid, stamped with the official seal of the company, arranged and scanned into one PDF format and sent to [email protected].

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The PDF file name and mail name should be: Import application for filing of meat consignee + company name. Beijing Customs will organize a unified examination. If the materials are unqualified, the results will be notified by phone or email. The applicant should ensure that the contact information and email address are valid. Examination and approval of export food production enterprises Scope of application: Applies to the filing of food production, processing, and storage enterprises in the Product Catalog for the Implementation of Export Food Production of Enterprise Filing for export within the People's Republic of China, excluding the production, processing, and storage enterprises of export food additives and food-related products. Basis for examination and approval: Food Safety Law of the People's Republic of China; Measures of the Customs of the People's Republic of China on the Implementation of the 'Administrative Licensing Law of the People's Republic of China' (Promulgated by the General Administration of Customs Order No.117, and amended in accordance with the General Administration of Customs Order No.218). Regulations on the Administration of Records of Export Food Production Enterprises (Order No.192 of the AQSIQ, and amended by Order No.243 of the General Administration of Customs). Application method: Online application, online platform for customs administrative approval http://qgs.customs.gov.cn:10080/efpe. Time limit: The competent customs shall make an administrative license decision within 20 working days from the date of accepting the application for administrative license. Accepted by: Beijing Customs Enterprise Management Office; Tel: 12360

»» Customs Protection Measures for Intellectual Property Rights [Division of Integrated Business]

Customs protection of intellectual property rights refers to the protection of exclusive rights to use registered trademarks, copyright and related rights and patent rights that are related to imported and exported goods and protected by the laws and administrative regulations of the People's Republic of China, pursuant to the Customs Law of the People’s Republic of China and the Regulations of the People's Republic of China on Customs Protection of Intellectual Property Rights. Customs protection measures for intellectual property rights refers to measures such as detention, investigation and identification, disposal and punishment of consignors and consignees of imported and exported goods seized by customs that are suspected of violating intellectual property rights protected by the laws and administrative regulations of the People's

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Republic of China, in accordance with the Regulations of the People's Republic of China on Customs Protection of Intellectual Property Rights. If you want Beijing Customs to protect your intellectual property rights during the process of import and export, you should apply to the Department of Policy and Legal Affairs of the General Administration of Customs to register your intellectual property rights. Beijing Customs strictly abides by relevant provisions of laws and regulations at all times, and grants fair, just and open protection for the intellectual property rights of rightsholders and the legitimate interests of consignors and consignees of goods. Every year, Beijing Customs seizes and disposes of large amounts of imported and exported goods that infringe intellectual property rights. It makes great efforts to protect rightsholders' intellectual property rights, guarantee the smooth customs clearance of legitimate goods and maintain an optimal clearance environment in the Beijing customs district. Call the customs hotline (+86-10-12360) to learn more about the customs protection of intellectual property rights.

»» Customs Clearance Supervision and Control [Division of Customs Clearance Supervision and Control, Division of Port Supervision, Division of Enterprise Management]

Since July 1, 2017, the customs administration has implemented the "one-time declaration and step-by-step clearance" management model across China. "One-time declaration and step- by-step clearance" means, based on the waybill presented before loading, the goods have gone through a hazard prevention and control centre and a tax collection and administration centre, so that the waybill and the customs declaration hazard screening and on-site customs clearance is done on a first-come, first-served basis. After enterprises have finished going through the customs clearance and declaring and paying taxes on their own, the safety access risk clearance is mainly done on-site at port customs, while the tax risk clearance is mainly done after the goods have been released. 1. Promote the application of "advance declaration" mode. Import enterprises are encouraged to apply in advance declaration, handle document review and cargo transportation operations in advance, and non-control inspection goods can be released after arriving at the port. (Announcement on Measures to Further Optimize the Business Environment and Enhance Beijing-Tianjin Cross-border Trade Facilitation (Beijing-Tianjin Joint Announcement No.3)) 2. Implement the "release before change" mode. For customs declaration forms found to be abnormal in customs inspection, but not involving certificates, taxes or inspection and

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quarantine risks, and only involving the release of changed documents after inspection, it is allowed to modify the data of declaration forms after customs release. (Announcement on Measures to Further Optimize the Business Environment and Enhance Beijing-Tianjin Cross- border Trade Facilitation (Beijing-Tianjin Joint Announcement No.3)) 3. Implement paperless import license application and customs clearance. Except for special circumstances such as security and confidentiality, goods subject to automatic import license management and import license management (except for ozone depleting substances) may achieve online submission of application materials, online approval, online verification of licenses, and customs clearance operations paperless. Enterprises may eliminate the need to submit written information and receive paper permits. (Announcement on Measures to Further Optimize the Business Environment and Enhance Beijing-Tianjin Cross-border Trade Facilitation (Beijing-Tianjin Joint Announcement No.3)) 4. Cancel the automatic import licensing measures for goods under 118 customs commodity numbers, a total of 15 kinds of goods. (Announcement on Several Measures to Continuously Optimize the Business Environment and Promote Beijing-Tianjin Cross-border Trade Facilitation (Beijing-Tianjin Joint Announcement No.4)) 5. Optimize attached documents. Enterprises at the export declaration process do not need to submit paper materials of the power of attorney for export customs, contracts, invoices and packing lists to the customs, and enterprises at the import declaration process do not need to submit packing lists to the customs. (Announcement on Several Measures to Continuously Optimize the Business Environment and Promote Beijing-Tianjin Cross-border Trade Facilitation (Beijing-Tianjin Joint Announcement No.4)) 6. Maritime port customs supervision operation sites realize online release. Enterprises shall no longer be required to complete the customs clearance procedures with the original bill of lading and waybill. The customs shall no longer stamp the bill of lading and waybill when releasing. (Announcement on Several Measures to Continuously Optimize the Business Environment and Promote Beijing-Tianjin Cross-border Trade Facilitation (Beijing-Tianjin Joint Announcement No.4)) 7. Establish an "advance declaration" fault tolerance mechanism. The declaration error shall not be recorded for "advance declaration" of modifying the import date and the change of means of transport due to shipment, stowage, etc. The customs declaration unit may apply to the customs for review within 15 working days from the date of the relevant customs error record. The customs enterprise management department shall make corrections after review, and it is not necessary for the customs declaration unit to submit paper applications and related explanatory materials on the spot. The examination time shall be reduced from the original

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15 working days to 3 working days, and the records of the declaration errors that are reviewed and corrected shall not be regarded as records of the credit status of the enterprise identified by the customs. (Announcement on Several Measures to Continuously Optimize the Business Environment of Beijing-Tianjin Port and Promote Cross-border Trade Facilitation (Beijing-Tianjin Joint Announcement No.5)) Customs carries out priority inspection. Due to the urgent time for shipment at the port of collection for import and export goods, the Customs may give priority to inspections. For marine container cargo suitable for non-intrusive inspection in Tianjin Port, priority should be given to machine inspection, and the proportion of machine inspection should be increased to more than 60%. (Announcement on Several Measures for Improving the Business Environment and Promoting Cross-border Trade Facilitation in Beijing and Tianjin (Joint Announcement No.2, 2018))

»» Policies to Encourage Imports

Import duties [Division of Customs Duties] Commerce management departments shall confirm information on investment totals for imported equipment for enterprises' own use in projects encouraged to get foreign investment, except for the commodities specified in theCatalogue of Non-Tax-Free Imported Commodities for Foreign-invested Projects and the Catalogue of Non-Tax-Free Major Technical Equipment and Products , shall be exempted from customs duties (for imported equipment for one's own use for projects with loans from foreign governments and international financial organisations, if VAT cannot be offset for applicants, the VAT may be exempted during import). Projects encouraged to get foreign investment refers to foreign-invested projects that comply with the Catalogue of Guidelines for Foreign-invested Industries and the Catalogue of Preferential Foreign-invested Industries in Central and Western Regions of China. Information on these projects includes: applicable industrial policy provisions, nature, content and total investment. The preceding provision shall apply to imported equipment provided free of charge by foreign merchants involved in the processing trade. Customs duties shall be exempted for technologies, accessories and spare parts imported along with the equipment that conforms to the provisions cited above. Customs duties shall be paid for technologies, accessories and spare parts that are imported not along with the equipment according to relevant provisions. Foreign-invested R&D centres that meet the conditions specified in the Methods on the

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Management of Duty-free Imported Articles Devices for Scientific Research, Scientific and Technological Development and Teaching in Foreign-invested R&D Centres (Cai Guan Shui [2016] No.71 Attachment 3) and have been included in the list of R&D centres after assessment by relevant authorities are exempt from import duties, VAT and consumption tax arising from importation when they import devices used for scientific research, scientific and technological development or teaching that either cannot be produced in China, or where domestically made devices do not meet their requirements. Before the said foreign-invested enterprises and R&D centres import the equipment and devices according to the relevant conditions, they shall go through the filing and appraisal procedures for tax reduction or exemption with the relevant customs authorities. Zhongguancun customs and Yizhuang customs are responsible for the examination and confirmation of tax reduction and exemption in Beijing customs. Tel: 12360. Consolidated Tax Collection [Division of Customs Duties] Customs shall perform consolidated tax collection on taxes payable when eligible taxpayers import goods several times in a short period. On the principle of effective supervision, the customs office implements a policy of "tax collection after customs clearance and consolidated tax collection." (1) Main contents: ① Tax collection after customs clearance can shorten processing times. Under this policy, enterprises can take delivery of goods first. Customs then shifts the tax collection method from real-time document examination based on goods to post-process examination and tax settlement. ② Consolidated tax collection can increase efficiency in using funds. Enterprises can consolidate and pay taxes within a stipulated period after taking delivery of the goods, which gives them more options for paying taxes in time. ③ After the security deposit is filed with a customs office, enterprises may pay the consolidated tax to any Chinese customs offices. After the general guarantee of taxation is files by the customs of the customs functional department directly under the place where the enterprise is registered, it can be used by the customs directly under the whole country as the beneficiary of the general guarantee. ④ The enterprises' security deposits will be returned or reused automatically after the tax is paid. Customs has a consolidated tax collection system that can intelligently manage enterprises' security deposits. When an enterprise makes a customs declaration for imported goods, the import duty is automatically deducted from the security deposit. After the enterprise pays the duty, the deposit is automatically returned.

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(2) Application conditions Except for "discredited enterprises", all registered enterprises of customs can apply the mode of consolidated tax collection; enterprises applying for consolidated taxation should be consignees on import and export declarations; enterprises should set up the function of electronic payment of customs taxes and fees; and should abide by the laws and regulations of customs tax collection and administration, comply with the requirements of Customs declaration and pay tax taxes on time. (3) Application methods: According to the requirements of the General Administration of Customs Announcement No.45, 2017, enterprises with needs for consolidated tax collection may submit applications for the filing of the general tax guarantee to the Customs Customs functional departments directly under the registered place. The beneficiaries of the general guarantee letter shall include the customs of the directly registered place of the enterprise, and may choose other direct import and export customs according to the needs of the enterprise. Consultation tel: Please call "12360" Customs Service Hotline for further details of the consolidated taxation system. Application tel: 010-85736495, 85736471

»» Inspection and Quarantine Policies [Inspection and Quarantine]

Summary of Policies in Zhongguancun Biomedical Inspection and Quarantine Test Zone (1) Policies for Special Goods Involving Exit and Entry Consulting Department: Department of Health Hotline: +86 10 85732543 ① Expand the scope of intelligent examination and approval of low-risk special items. Intelligent examination and approval shall be carried out for all enterprises exporting grade D products, and pilot enterprises importing grade D and exporting and importing grade C products. ② Innovate the risk assessment model of high-risk samples for scientific research. Undertake the pre-assessment of overall risk of biosafety control capability for pilot scientific research units, major national scientific research projects, expert teams and academic exchange projects; undertake the rapid risk assessment model for small batches of scientific research samples urgently needed for importation; simplify the risk assessment material requirements for non-commercial samples or laboratory exchange samples. ③ Use sample supervision model for innovative gene detection. Carry out the "one-time evaluation and batch importation" of the same sample for import gene testing in pilot

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enterprises. ④ Expand the application scope of risk assessment results. For similar products produced by different enterprises in the same country, which have already been assessed, the risk judgment shall be made according to the existing risk assessment conclusions, and the risk assessment process shall be further simplified. ⑤ Adjust the risk level of human blood products. Blood and tissue samples of non- communicable disease population used in medical research and drug research (except for clinical medicine) shall be collected and establish the "Risk Grading Supervision Form for Exit- Entry Special Goods", which was adjusted from Grade A to Grade B of Risk Management for Special Goods and could be cancelled after verification for multiple times. ⑥ Non-contained quality control products containing human blood components determined to be low risk through risk assessment, directly purchased from scientific research users who have not introduced infectious substances from 6 internationally renowned bio-standards organizations such as the American Bio-standards Collection, source cell strains (systems), as well as human tissue wax blocks and sections treated by chemical inactivation such as formaldehyde, ethanol, acetone, etc., are adjusted from Grade A to Grade C, and can be cancelled after verification for multiple times. ⑦ Special goods of Class D shall be submitted to approval when declared, and the product information shall be checked by the special goods supervision system and the approval shall be completed automatically. ⑧ For human samples for genetic testing applied for in the nationally approved genetic testing clinical application unit, on the basis of the whole process of biosafety risk monitoring, "one assessment, batch entry" shall be applied to the samples of the same project. ⑨ Expand the application scope of risk assessment results. For the same product from the same unit which has already been assessed by different units applying for entry, the risk can be judged by referring to the existing risk assessment conclusions. (2) Policies involving inbound and outbound biological materials Consulting Department: Implantation Office Tel: +86 10 85732562 ① Simplify the verification of the certificate of origin. Generally, the imported biological materials are exempted from the verification of the certificate of origin, and the enterprises independently choose whether to provide for acquiring foreign trade preferential policies. ② Simplify the requirements for importing animal and plant DNA/RNA certification. Imported genetic testing plants and their related microbial DNA/RNA are exempt from the requirements of the official quarantine certificate of the exporting country/region. The ingredient description and safety statement issued by the foreign provider should be included during the entry, and

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the port shall directly release after passing the inspection. ③ Shorten the SPF rat isolation and quarantine period. The isolation period of the imported SPF mouse or rat meeting the relevant conditions shall be adjusted from 30 days to 14 days. Policies for Promoting Comprehensive Pilot Expansion and Opening-up of Service Industry ① Simplify the declaration procedures for inbound exhibits such as pre-packaged food. Pre- packaged foods and cosmetics are exempted from providing proof of receipt and delivery of the consignee and consignor, import of health food is exempted from verification of related approval documents. Consulting department: Food Division Tel: +86 10 58819064 ② Implementation of imported edible aquatic animals, imported fruits and other fresh edible agricultural products shall be quickly examined and released. Combined with safety risk monitoring and daily inspection and quarantine supervision, the implementation of hierarchical classification management shall be used, along with reducing sampling batches, shortening laboratory testing time, and improving customs clearance speed. Consulting Department: Implantation Office Tel: +86 10 85732562 ③ Samples of imported food and cosmetics for registration, R&D, testing and trade negotiation are exempted from label inspection and registration. Consulting department: Food Division Tel: +86 10 85732554 ④ Promote the construction of a quality and safety traceability system for exit and entry items in Beijing. We shall guide enterprises to establish a sound import and export traceability system, and implement import and export traceability supervision of "sources can be investigated and traceable to pursue". Consulting Department: General Operations Department Tel: +86 10 85736963

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List of Administrative Approval Items and Acceptance Places of Beijing Customs

Accepting No. Item Sub Item Address Tel (8610) Institution

Beijing customs business 6, Tianshuiyuan Street, 85735782 management Chaoyang District office

85735012 (Registration) Zhongguancun 59 Zhichun Road, Haidian 85735033 customs District (application for certification)

Dongcheng 6, Tianshuiyuan Street, 85735834 customs Chaoyang District

59 Zhichun Road, Haidian Xicheng customs 85735057 District

Fengtai customs 259 Wulidian, Fengtai District 85734315

10, Xibeiwang Wangdezheng Haidian customs 82404909 Road, Haidian District

Registration Registration Tongzhou 2, Tuqiao Xinqiao, Tongzhou of customs of customs 61507822 1 customs District declaration declaration enterprises enterprises 2 Airport East Road, Liqiao Shunyi customs 85735388 Town, Shunyi District

14 Ronghua Zhong Road, Yizhuang Economic and Yizhuang customs 67887353 Technological Development Zone, Daxing District

85732025 North Area of Tianzhu (Registration) Customs Inspection Center, Tianzhu customs 85732047 566-8, Shunping Road, Shunyi (application for District certification)

Chaoyang Jia 1, Dongsihuan Nan Road, 86725543 customs Chaoyang District

85735938 East Joint Inspection Building, (Registration) Pinggu customs Mafang Logistics Park, Pinggu 85735906 District (application for certification)

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List of Administrative Approval Items and Acceptance Places of Beijing Customs

Accepting No. Item Sub Item Address Tel (8610) Institution

Window 87, 2 F, One-stop Capital airport Customs Declaration Hall, 85733220 customs Capital Airport

Window 87, 2f, One-stop Zhongguancun Customs Declaration Hall, 85735012 customs Capital Airport

Dongcheng 6 Tianshuiyuan St, Chaoyang 85735845 customs District

Customs Declaration Hall, Xicheng customs Zhongguancun Customs 85732175 Building, 59, Zhichun Road

Fengtai Port Building, 259 Examination Fengtai customs 85734315 and approval Wulidian, Fengtai District of the establishment Export Tongzhou 2, Tuqiao Xinqiao, Tongzhou 69578031 2 of export supervised customs District supervised warehouse warehouses and bonded 2 Airport East Road, Liqiao Shunyi customs 85735389/2654 warehouse Town, Shunyi District

14 Ronghua Zhong Road, Beijing Economic and Yizhuang customs 85732924 Technological Development Zone

Chaoyang Jia1, Dongsihuan South Road, 85735444 customs Chaoyang District

10 Xibeiwang Dezheng Road, Haidian customs 82404909 Haidian District

51, Lugang Street, Mafang Pinggu customs 85735938 Logistics Park, Pinggu District

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List of Administrative Approval Items and Acceptance Places of Beijing Customs

Accepting No. Item Sub Item Address Tel (8610) Institution

Window 87, 2 F, One-stop Capital airport Customs Declaration Hall, 85733220 customs Capital Airport

Zhongguancun 59 Zhichunlu, Haidian Distric 85735012 customs

Dongcheng 6 Tianshuiyuan St, Chaoyang 85735845 customs District

Customs Declaration Hall, Xicheng customs Zhongguancun Customs 85732175 Building, 59 Zhichunlu

Fengtai Port Building, 259 Fengtai customs 85734315 Examination Wulidian, Fengtai District and approval of the establishment Tongzhou 2 Tuqiao Xinqiao, Tongzhou Bonded 69578031 2 of export customs District warehouse supervised warehouses 2 Airport East Road, Liqiao Shunyi customs 85735389/2654 and bonded Town, Shunyi District warehouse

14 Ronghua Zhong Road, Beijing Yizhuang Economic and Technological 85732924 customs Development Zone

Chaoyang Jia1, Dongsihuan South Road, 85735444 customs Chaoyang District

10 Xibeiwang Dewang Road, Haidian customs 82404909 Haidian District

51 Lugang Street, Mafang Pinggu customs 85735938 Logistics Park, Pinggu District

Examination and approval Beijing of goods 6 Tianshuiyuan St, Chaoyang 3 Dongcheng 85735841 warehousing District customs under customs supervision

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List of Administrative Approval Items and Acceptance Places of Beijing Customs

Accepting No. Item Sub Item Address Tel (8610) Institution Window 87, 2 F, One-stop Capital airport Customs Declaration Hall, 85733220 customs Capital Airport Zhongguancun 59 Zhichunlu, Haidian District 85735012 customs Dongcheng 6 Tianshuiyuan St, Chaoyang 85735845 customs District Customs Declaration Hall, Xicheng Zhongguancun Customs 85732175 customs Building, 59 Zhichunlu

Fengtai Fengtai Port Building, 259 Establishment 85734315 Establishment customs Wulidian, Fengtai District approval approval of 4 of bonded Tongzhou 2 Tuqiao Xinqiao, Tongzhou bonded logistics 69578031 logistics District center (type A) customs center (type A) 2 Airport East Road, Liqiao Shunyi customs 85735389/2654 Town, Shunyi District 14 Ronghua Zhong Road, Beijing Yizhuang Economic and Technological 85732924 customs Development Zone Chaoyang Jia1, Dongsihuan South Road, 85735444 customs Chaoyang District Haidian 10 Xibeiwang Dezheng Road, 82404909 customs Haidian District

51, Lugang Street, Mafang Pinggu customs 85735938 Logistics Park, Pinggu District

Establishment Establishment Beijing customs approval approval of business 6 Tianshuiyuan St, Chaoyang 5 of bonded 85735793/5795 bonded logistics management District logistics center center (type B) office (type B) [26002-001] Identification of units engaged Beijing customs 6 Tianshuiyuan St, Chaoyang Identification in quarantine animal and District of units and treatment of entry plant office personnel and exit animals engaged in and plants 6 85732564 entry and exit [26002-002] quarantine Identification treatment of personnel Beijing customs 6 Tianshuiyuan St, Chaoyang business engaged in animal and District entry and exit plant office quarantine treatment

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List of Administrative Approval Items and Acceptance Places of Beijing Customs

Accepting No. Item Sub Item Address Tel (8610) Institution

Window 87, Customs, Capital airport customs 2F, Nanfa Xinhanggang 85733796 Building, Shunyi District

2 F, East Lobby, Huaxia Mingzhu Hotel, 120-1 Station customs 58648258 Lianhuachi East Road, Fengtai District Issuance of 7 port health 206, 2F, North Area, license Tianzhu customs Tianzhu Customs 58648537 Inspection Center Beijing Customs, 10 Beijing Daxing International Guanghua Road, 58648349 Airport Customs Chaoyang District

Jia 1, Dongsihuan South Chaoyang customs 85732781 Road, Chaoyang District

[26004-003] Registration of production, processing and storage Beijing customs animal and 6 Tianshuiyuan St, 85732562 units of exit plant office Chaoyang District 85732567 animals, related products and other quarantine objects Registration Beijing customs animal and plant of office and subordinate customs production, 1. Enterprises engaged in the processing processing and storage of grain and storage and production, processing and units of exit storage of feed shall be accepted 8 animals by the animal and plant [26004-004] and plants, department of Beijing customs; Registration related 2. Enterprises engaged of production, products production of seedlings and processing and other flowers, orchards and packing 6, Tianshuiyuan street, and storage quarantine plants for fresh fruits (including public land under 85732564 units of exit objects frozen fruits), orchard and jurisdiction plants, related packaging plant, processing products and and storage of outbound other quarantine tobacco leaves, production and objects processing of outbound bamboo, wood and grass products, and enterprises that apply the marks of wood packaging treatment for outbound goods shall be accepted by the subordinate customs.

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List of Administrative Approval Items and Acceptance Places of Beijing Customs

Accepting No. Item Sub Item Address Tel (8610) Institution

[26005-001] 85732562 Quarantine 85732567 examination 85732556 and 85732554 6 Tianshuiyuan approval Beijing customs animal and (edible aquatic St, Chaoyang of entry plant office, food office products) District (transit) 85732553 Quarantine animals 85732552 examination and their (edible terrestrial and approval products animal products) 9 of entry (transit) animals and plants and their products [26005-002] Quarantine 85732564 examination 6 Tianshuiyuan 85732553 and approval Beijing customs animal and St, Chaoyang 85732552 of entry plant office, food office District (edible terrestrial (transit) plants animal products) and their products

Registration of domestic consignees of 6 Tianshuiyuan Beijing customs commodity 10 imported solid St, Chaoyang 58619082 inspection office wastes that District can be used as raw materials

Examination and approval 6 Tianshuiyuan 85732545 of health and 11 Beijing customs health office St, Chaoyang 85732543 quarantine of District 85732540 entry and exit special articles

Record Registration certificate of and approval 6 Tianshuiyuan export food Beijing customs business 12 of export food St, Chaoyang 85735783 production management office production District for enterprises enterprises

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Financial Administration

Notice on Canceling the Submission of Financial and Accounting Statements by Foreign-funded Enterprises The Foreign Investment Law of the People's Republic of China, adopted at the second session of the 13th National People's Congress on March 15, 2019, cancels the relevant provisions for foreign-funded enterprises to submit financial and accounting statements to the financial department. Therefore, since 2019, the Municipal Finance Bureau will no longer organize the submission of financial and accounting statements by foreign-invested enterprises. Beijing Finance Bureau June 11, 2019 Beijing Municipal Bureau of Finance Address: No. 3 Chengan Road, Tongzhou District, Beijing Tel: 010-55591724 Website: http://czj.beijing.gov.cn/

Contacts of District Bureaus of Finance in Beijing

District Tel(8610) District Tel(8610)

Dongcheng District 64153614 Tongzhou District 81539318

Xicheng District 66218005 Shunyi District 69443287

Chaoyang District 65090308 Daxing District 69243237

Haidian District 88488422 Changping District 69742917

Fengtai District 63893860 Pinggu District 69965500

Shijingshan District 68872800 Huairou District 69628321

Mentougou District 69844680 Miyun District 69041395

Fangshan District 69377917 Yanqing District 69103146

Beijing Economic Yanshan Area 69346181 and Technological 67880043 Development Zone

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Labour and Social Security

»» Labour employment

Recruit (1) If an foreign-invested enterprise (hereinafter referred to as the employing unit) recruits the unemployed registered in the city, the city's personnel who enter the human resources market for the first time and Hong Kong, Macao and Taiwan's personnel (hereinafter referred to as the recruited personnel), it shall, within 30 days from the date of recruitment, go through the employment registration formalities with the social security office of the street (town) where the unit is registered or operated. Among them, if the employer has handled the social insurance registration for the recruited personnel, its employment registration and social insurance participation shall be handled jointly. The employment registration information shall be subject to the insurance registration information, and there is no need to handle the employment registration separately. When employing foreigners and persons from Taiwan, Hong Kong and Macao, the employers shall apply to Beijing Municipal Human Resources and Social Security Bureau for Employment Permits on their behalf and employ them upon approval. (2) Providing recruitment and recommendation services for foreign-funded enterprises From December 25, 2018 to June 24, 2019, the human resources public service organizations of the Beijing Talent Service Center provided recruitment registration service for 176 foreign- funded enterprises (including 49 Hong Kong, Macao and Taiwan-funded enterprises). The total number of empty positions registered is 12755 (including 5299 positions for Hong Kong, Macao and Taiwan-funded enterprises), 715 persons were recommended for these enterprises (176 for Hong Kong, Macao and Taiwan-funded enterprises), of which 108 were successful employed (37 for Hong Kong, Macao and Taiwan-funded enterprises); and provide follow-up service for each enterprise to keep abreast of the changes in basic information and employment information of foreign-funded enterprises in a timely manner, and make good use of the employment demand files. This year, Beijing Municipal Human Resources and Social Security Bureau has set up a one-stop Internet integrated service platform of "People's Employment Supermarket", and established an OTO integrated service system of linking internal and external networks and integrating online and offline services. Intelligent job matching system is applied to achieve accurate job matching. Employees and enterprises can be guided to obtain all-round public employment, entrepreneurship and talent services through "Employment Supermarket"

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such as online policy consultation, job recruitment, career evaluation, employment and entrepreneurship guidance and employment guidance. The participants can enjoy convenient and efficient services without leaving home. (3) Provide personnel file management services for foreign-funded enterprises By the end of June 2019, 14 foreign-funded enterprises (including 6 Hong Kong, Macao and Taiwan-funded enterprises) had been archived in Beijing Talent Archives Public Management Service Center of the Beijing Talent Service Center, with collective archives of 480 people; Beijing Foreign Enterprise Service Group Co., Ltd., Beijing Foreign Service Company and Beijing Diplomatic Personnel Service Company provided personnel file keeping services for 6,152 Chinese employees who were collectively filed. Labour contracts Employers shall enter into labour contracts with employees. If an employer engages a dispatched labourer, a labour dispatch agreement shall be concluded with a labour dispatch entity. Alteration of a labour contracts Upon negotiation and agreement, both parties to a labour contract may alter the labour contract. Termination of a labour contract Upon expiry of the period of a labour contract the labour contract shall be terminated lawfully. Upon negotiation by the parties concerned, the labour contract may be renewed. Cancellation of a labour contract In the period of performance of a labour contract, both parties may cancel the labour contract upon negotiation. In the event of a legal condition for cancellation of a labour contract, the parties concerned shall have the right to cancel the labour contract. Economic indemnities and compensation If a labour contract is cancelled lawfully, the employer shall pay economic compensation to labourers in accordance with the Labour Contract Law. If an employer or an employee violates the Labour Contract Law and any agreement in the labour contract incurring economic losses to the other party, the said party shall bear liability for compensation.

»» Working hours and holidays, special protections for females and underage workers

1. Work hours and vacation: Employees under the standard working hours system shall work for no longer than 8 hours per day and 40 hours per week, and can have at least one day off per

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week. With approval from the human resources and social security department, enterprises may implement the integrated working hours system or the irregular working hours system. Statutory public holidays are: New Year's Day, Spring Festival (Chinese Lunar New Year), Qingming Festival (Tomb-Sweeping Day), International Labour Day, Dragon Boat Festival, Mid-Autumn Festival and National Day. (2) Protection for female and underage workers: Employers shall observe provisions of China and Beijing on protection of female and underage workers.

»» Salaries

1. Employers may independently decide their own salary distribution system and salary levels. Salaries paid to full-time labourers shall not be lower than the minimum wage standard prescribed by Beijing Municipality, which is 2,220 yuan per month starting from July 1, 2019. With regard to part-time labourers, the salaries paid to them shall not be lower than 24 yuan per hour, and salaries paid for work during statutory holidays shall not be lower than 56 yuan per hour. 2. For details about the enterprise wage guide line and the industry wage guide line in 2019, please visit the Beijing Municipal Bureau of Human Resources and Social Security website.

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Social Insurance

Beijing Social Insurance Rate

Paid by Item Paid by Employers Payment Base Employees

For urban employees: average monthly Basic endowment salary in the previous year. For employers: 16% 8% insurance the sum of payment bases paid by all urban employees.

Unemployment Average salary of employees of the 0.8% 0.2% insurance employer in the previous year

Employment 0.2%-1.9% N/A Total wages of all employees injury insurance

9%+1%(cooperative Average monthly salary of insured Basic medical fund for large 2%+3 yuan employees of the employer in the previous insurance medical bills) year

Maternity The sum of payment bases of qualified 0.8% N/A insurance employees of the employer

According to the Provisional Measures for Foreign Employees in China to Participate in Social Insurance (Decree No.16 of the Ministry of Human Resources and Social Security of the People's Republic of China), foreigners who are eligible for social insurance shall enjoy social insurance treatment according to law. If a person leaves the country before reaching the prescribed pension age, his or her social insurance personal account shall be retained, and if comes back to China for employment again, the cumulative payment period shall be calculated; if he or she applies in written form for termination of the social insurance relationship, the one time payment of the amount of his or her social insurance deposit shall be paid to his or her personal account. Procedures for the liquidation of individual accounts of foreigners 1. The applicant of the enterprise or entity should hold the Chinese application for voluntary liquidation of individual accounts signed by him or herself, and the Beijing Social Insurance Personnel Reduction Form (with official seal), and go to the front desk of the administrative agencies in the insured areas and counties to handle the procedures. 2. After examined the materials correctly, the staff of the agency shall manually reduce the number of the four insurance and medical procedures. The selection of the reason should be "Foreigners' departure of terminate payment" and then enter the clearing module for account clearing.

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The transfer and continuation process of social security relations for foreigners 1. The Transfer in of Social Insurance Relations of Foreigners Foreigners or their units shall submit payment vouchers at the windows of social security agencies. Social security agencies will generate and mail the contact letters. Upon receipt of provincial information sheets and transfer funds, they shall enter information sheets in accordance with regulations and form corresponding accounts. 2. The Transfer out of Social Insurance Relations of Foreigners The agency that handles the transfer out procedures shall print the "Basic Endowment Insurance Participation and Payment Certificate" for the transferee, and after receives the contact letter from other provinces, the agency then generates and mails the information form and transfers the amount.

Beijing Municipal Bureau of Human Resources and Social Security Address: 5 Yongnei Xijie, Xicheng District Postcode: 100050 Tel: (8610) 63167876 Consulting hotline: (8610) 12333 Website:http://rsj.beijing.gov.cn/

Contacts of District Bureaus of Human Resources and Social Security in Beijing

District Tel(8610) District Tel(8610)

Dongcheng District 64077128 Tongzhou District 81542790

Xicheng District 66206008 Shunyi District 89445703

Chaoyang District 65090105 Daxing District 69236925

Haidian District 68940680 Changping District 69746816

Fengtai District 63258855 Pinggu District 69961443

Shijingshan District 68861840 Huairou District 89687155

Mentougou District 69842953 Miyun District 69043551

Fangshan District 89367036 Yanqing District 69181846

Beijing Economic and Technological 67880324 Development Zone

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Medical Security

According to the requirements of the Social Insurance Law of the People's Republic of China (Chairman's Decree No.35) and the Interim Measures for Foreign Workers Employed in China to Participate in Social Insurance (Decree No.16 of the Ministry of Human and Social Affairs), and in accordance with the relevant provisions of the basic medical insurance of the municipality, foreign workers legally employed in this municipality shall participate in the basic medical insurance of urban employees of the city and enjoy the same medical insurance treatment as other participants of the basic medical insurance of urban employees. According to the Notice of the Beijing Municipal Population and Family Planning Commission of the Beijing Municipal Bureau of Human Resources and Social Security on the Adjustment of the Relevant Policies on the Birth Insurance of the Workers in the Municipality (Jing Ren She Yi Fa [2012] No.176), the foreign workers employed in the municipality shall take part in the birth insurance of the workers in the municipality and enjoy the treatment of maternity medical expenses and maternity allowance (excluding family planning related treatment such as incentive allowance for late childbearing).

Administration of Exit and Entry

»» Foreigners' Applications for Visa, Stay or Residence Permits

Foreigners who need to stay in China longer than their visa duration or visa-free period, or who need to obtain a residence permit after entering the country, shall apply to the Exit-Entry Administration General Corps of the Beijing Municipal Public Security Bureau (hereafter referred to as the Exit-Entry Administration General Corps). Visa (1) Visa types China's visas are classified into 12 types, which are identified by letters and numbers. The letter is the first letter of the Chinese pinyin name of the visa. For example, the letter "F" of the F visa is the first letter of the Chinese pinyin name "fangwen". The number "1" means that the visa holder will reside in China for a long time, while the number "2" means that the visa holder will stay in China for a short time.

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Six Types of Visas Relating to Investors and Their Family Members

Classifications Recipients

F visas Persons who will enter China for a visit, communication, investigation or other activities

M visas Persons who will enter China to conduct commercial trade activities

Family members of Chinese citizens and family members of foreigners with permanent Q1 visas residence status in China, who apply for residence in China for family reunion, as well as persons applying for residence in China for reasons such as fostering

Relatives of Chinese citizens living in China and relatives of foreigners with permanent Q2 visas residence status in China, who apply for relatives visiting China for a short time

Spouses, parents, offspring aged below 18, and parents-in-law of foreigners residing in S1 visas China for reasons such as work or study, who apply for relatives visiting China for a long time, as well as persons who need to reside in China due to other personal matters

Family members of foreigners residing in China due to work and study, who apply for S2 visas relatives visiting China for a short time, as well as persons who need to stay in China due to other personal matters

Z visas Persons who apply to work in China

R visas Foreign high-level talent needed in China and urgently needed specialists

(2) Visa validity Visas issued by Chinese embassies and consulates in other countries generally specify two validity periods. "Enter before" means the visa holder must enter China prior to the specified date. "Can stay after entry" means the duration of stay starting from the day after the date of entry. Visas issued by the Exit-Entry Administration General Corps generally specify three validity periods. ① "Valid until" means that a bearer must enter China before the specified date and must not enter China after the date. ② "Permitted to stay until this time" means the duration of stay permitted after entry. ③ "Each stay after the next time entering the country" means the duration of permitted stay if a bearer exits and re-enters the country, starting from the day after the date of re-entry. Additionally, if the "Number of entries" is 0, the visa does not allow entry. (3) Visa extension Foreigners who need to extend the duration of stay allowed by the visa must apply to the Exit- Entry Administration General Corps for extension at least seven days before the expiration of the duration of stay specified on the visa. The total duration of the extension of the stay shall not exceed the original duration of the visa. The extension of the duration of stay allowed by a visa

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is only effective for the current entry, and does not affect the number of entries and the valid period for entry. For example: if a foreigner's entry visa specifies that 90 days of stay after entry is allowed and the bearer needs to remain in China for more than 90 days, they must apply for extension. The period of this extension shall not exceed 90 days. This extension of the duration of stay does not change the visa's original valid period of entry and number of entries allowed. Stay permit (1) Scope of issuance ① Foreigners with visa-free entry who need to remain in China after expiration of the visa-free period due to a non-diplomatic cause or a public matter. ② Foreign seamen and accompanying family members who need to leave the city of the port where their ship is docked. ③ Persons who need to stay in China after the withdrawal of their Chinese nationality is approved. ④ Foreigners who need to remain in China for humanitarian reasons after their reason for residence ends. ⑤ Foreign infants born in China who need to stay in China. ⑥ Other persons who need to obtain a stay permit. (2) Use rules The stay permit generally specifies "(Stay)" which is in brackets, and the "Number of entries" and "Valid until" columns are meaning that the permit allows the holder to stay but does not allow entry. The "Remark" column specifies the dates of stay permitted, and indicates the type of stay permit in brackets. (3) Validity period The validity period of the stay permit is determined by the applicant's reason for staying, subject to a maximum of 180 days. Residence certificate (referring to residence permit) (1) Scope of issuance If a foreigner's visa specifies that they must obtain a residence permit after entry, they must apply for the residence permit for foreigners within 30 days after entry. If the foreigner's entry visa of a does not specify the duration of stay (that is, the column "Permitted days of stay after entry" is marked as "000"), "Please apply for a residence permit within 30 days upon entry" shall be marked in the remarks column of the said visa. After entry with such visa, the bearer shall apply for a residence permit. The bearer of a residence permit may exit and enter China many times during the validity period of the residence permit, with no need to apply for a visa.

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Foreigners who need to change from a stay permit to a residence permit in line with the State's regulations for specialists or investors, or for humanitarian reasons, may obtain a residence permit for foreigners after approval by the exit and entry administration division of the public security organ of the local people's government at or above the municipal level. (2) Validity period The validity period of a work-related residence permit for foreigners shall be a minimum of 90 days and a maximum of five years. The validity period of a non-work-related residence permit shall be a minimum of 180 days and a maximum of five years. (3) Classifications and recipients

Three Types of Residence Permits Relating to Investors and Their Family Members

Classifications Recipients

Foreigners entering China with Z visas and working in China. Entrants holding other types of visas must also meet the conditions and requirements for foreign high-level talent Work and urgently needed specialists as determined by relevant departments of the Chinese government. Family members of Chinese nationals or family members of foreigners with permanent Reunion residence status in China. Family members include spouses, parents, parents-in-law, offspring, brothers and sisters, grandparents, grandchildren and spouses of offspring.

Personal Family members residing in China for reasons such as work and study. Family members Business include spouses, parents, parents-in-law and offspring aged below 18.

Foreigners' Applications for Permanent Residence

Foreigners' applications for permanent residence in China are classified into four types: investment, employment, special contributions and family reunion. Applicants shall abide by all laws of China, be in good health, have no criminal record, and conform to one of the following requirements: Investment (1) Individual investment of more than $500,000— Individuals who directly invest a combined total of more than $500,000 (actual paid-up registered capital) in any of the industries encouraged by the Catalogue for the Guidance of Foreign Investment Industries promulgated by the State, have stable investment situations and good tax payment records for three consecutive years, have established a foreign-invested enterprise in Beijing, and whose names are listed in the investor column of the Approval for Foreign-invested Enterprise, may apply for permanent residence. (2) Individual investment of more than $2 million— Individuals who directly invest a

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combined total of more than $2 million (actual paid-up registered capital), have stable investment situations and good tax payment records for three consecutive years, have established a foreign-invested enterprise in Beijing or invested in the exploitation and development of petroleum with a Chinese party, and whose names are listed in the investor column of the Approval for Foreign-invested Enterprise, may apply for permanent residence. Employment (1) Implementation of key national projects— Foreigners may apply for permanent residence if they hold a post such as deputy general manager, deputy factory director or above, or have a similarly high title such as associate professor, associate researcher or above in any department of the State Council, or any institution directly under a provincial people's government, or enterprise or public institution carrying out a key engineering project or major scientific and research project for the State, or in any of the seven kinds of scientific research institutions (national laboratories, national key laboratories, national engineering laboratories, national engineering research centres, national ratified corporate technological centres, national engineering technological research centres and foreign-invested research centres), or enjoy similar treatment, and have continuously held the post for at least four years, have resided in China for at least three of those four years, and have good tax payment records. (2) Employment in four types of enterprises— Foreigners may apply for permanent residence if they hold a post such as deputy general manager, deputy factory director or above, or have a similarly high title such as associate professor, associate researcher or above in a high-tech enterprise, encouraged foreign-invested enterprise, foreign-invested technologically advanced enterprise or foreign-invested product export enterprise in Beijing, or enjoy similar treatment, and have continuously held the post for at least four years, have resided in China for at least three of those four years, and have good tax payment records. (3) Employment in a key institution of higher learning— Foreigners may apply for permanent residence if they work as a professor or associate professor in a key higher education institution, or enjoys similar treatment, and have continuously held the post for at least four years, have cumulatively resided in China for at least three of those four years, and have good tax payment records. Special contribution Elite people, skilled specialists and celebrities who have made great contributions to the country's economic development and social progress or have significant value to the country, including winners of world-famous scientific prizes, world-renowned scholars, entrepreneurs, athletes, writers, artists and other foreigners, may apply for permanent residence. Spouses and unmarried children below 18 years old of the aforesaid three types of

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people's application Family reunion (1) Couple reunion— Foreign spouses of Chinese citizens or spouses of foreigners with a permanent residence permit in China, who have a marital relationship of at least five years, have lived continuously in China for at least five years, stay in China for at least nine months a year, have a stable livelihood and residence, abide by all laws of the PRC, are healthy and have no criminal record, may apply for a permanent residence permit. (2) Parent-child reunion— Unmarried foreign children below 18 years old, who are dependents of Chinese parents or foreign parents with permanent residence status in China, may apply for a permanent residence permit. (3) Elderly refuges— Foreigners with no immediate family overseas who wish to live with a Chinese relative of at least 18 years of age or a foreign relative with permanent residence status in China, may apply for a permanent residence permit if they are at least 60 years old, have lived continuously in China for at least five years, stay in China for at least nine months in a year, have a stable livelihood and residence, abide by all laws of the PRC, are healthy and have no criminal record.

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»» Port Visa Application

1. Foreigners who need to enter China for any humanitarian reason, or are invited to engage in urgent business or emergency repairs or have other urgent immigration needs, may apply for a visa to a department authorised by the Ministry of Public Security (hereinafter referred to as the port visa agency), at a port approved by the State Council. 2. Travel agencies engaged in inbound tourism in accordance with relevant State regulations may apply to the port visa agency for group tourist visas. 3. Foreigners who apply for port visas shall submit their passports or other international travel documents, related materials explaining the reason for the application, go through relevant formalities in accordance with requirements of the port visa agency, and enter via the port. 4. A port visa is valid for a single entry and duration of stay of no more than 30 days.

»» Business Endorsement Applications for Chinese Mainland Residents Dispatched by their Work Units to Hong Kong or Macao

Business endorsement applications for any Chinese mainland resident dispatched by his or her work unit to Hong Kong or Macao shall be handled by the exit and entry administration division of public security at the place where the work unit is located. Acceptance scope (1) Workers of enterprises registered with the State Administration for Industry and Commerce and with independent legal person status and branches thereof. (2) Workers of entities that manage production and that have registered with the state tax department, as well as the workers of overseas enterprises with representative offices on the Chinese mainland. (3) Individual business operators. Endorsement types (1) Workers of registered entities may be issued 3-month or 1-year multiple-entry endorsements, with each stay in Hong Kong or Macao limited to no more than 7 days. (2) Workers of entities and individual business operators that are not registered may be issued 3-month single-entry endorsements, with each stay in Hong Kong or Macao limited to no more than 7 days. Registration and filing of business in Hong Kong and Macao The enterprise (business entity) of applicants for multiple-entry endorsements of more than three months (inclusive) shall go through registration and filing formalities with the public

139 ●INVESTMENT MANAGENT

security bureau. Registration and filing are valid for one year from the date of filing. Annual examination may be made within two months before expiry of the validity period. After passing the annual examination, the registration and filing validity period will be extended automatically for one year. If there is no annual examination or the registration and filing does not pass the annual examination, the registration and filing will be revoked automatically upon expiration. (1) Acceptance conditions ① Enterprises handling the filing of 3-month multiple-entry business endorsements shall submit evidence of paying taxes of at least 100,000 yuan in the preceding year, and the number of persons registered shall not exceed 8. ② Enterprises handling the filing of 1-year multiple-entry business endorsements shall submit evidence of paying taxes of at least 500,000 yuan in the preceding year, and the number of persons registered shall not exceed 3, in addition to 5 persons registered for 3-month multiple- entry business endorsements. (2) Materials needed ① The original Filing and Registration Form of Application of Enterprises (Organisations) for Business Endorsement to Hong Kong and Macao. ② The business licence (copy) or other relevant registration certificate of an enterprise (organisation), or the original and a copy of the legal-person certificate. High-tech companies should also submit the original and a copy of the high-tech enterprise certificate. ③ The original and a copy of the enterprise's (organisation's) tax registration certificate. Enterprises owned by the whole people and high-tech enterprises (among which, holding a Zhongguancun High-tech Enterprise Certificate can be exempted from paying 100,000 yuan tax, holding a certificate of High-tech Enterprises issued by Beijing Science and Technology Commission can be exempted from paying 500,000 yuan tax in Beijing), and permanent representative offices of overseas enterprises in the Mainland are exempted from submitting a tax payment certificate. If the number of filing persons exceeds the standard, tax payment certificate should be submitted. The tax receipts of law firms may be submitted for personal income tax. ④ The original and a copy of the identity cards of the filed people. The original and a copy of the "temporary residence permit" or Beijing Work and Residence Permit for people without Beijing's Household Registration should be submitted. ⑤ The Beijing Social Insurance Personal Rights and Interests Record issued by the filing business institutions of the Social Security Center for record-keeping personnels that have continuously paid for six months or more in Beijing should be submitted. Corporate

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representatives, person of charge, principal representatives, partners of law firms and retirees are exempted from submitting social insurance certificates, but retirees are required to submit retirement certificates and on-the-job certificates stamped with the official seal of business record-keeping units. ⑥ Permanent representatives' offices of foreign enterprises in, law firms and other enterprises (organisations) shall submit proof of the employees' identity (such as "employee card", "chief representative card" and "lawyer card"). ⑦ To the increase the number of people filed, as long as the total number does not exceed 8, the enterprise (organization) can submit the "annual register of the filing of business endorsement to Hong Kong and Macao" as well as the additional persons' identity cards. Persons without Beijing's Household Registration are required to submit the valid Beijing Residence Permit or Beijing Work Residence Permit or Beijing Work Residence Permit Confirmation Form. If more than 8 people are filed, in addition to submitting the aforesaid materials, every person added for a 3-month multiple-entry business endorsement requires a 100,000 yuan increase on the basis of the original tax payment. Every person added for a 1-year multiple-entry business endorsement requires a 500,000 yuan increase on the basis of the original tax payment. (Tax payment certificates should be submitted for the same year, and tax payments cannot be reused.) ⑧ The identity card of the person going through the formalities and the letter of introduction from business filing units should be submitted. (3) Time limit for processing Generally, business filing for Hong Kong and Macao requires three working days to process. In special cases, the notice from the Exit and Entry Administration of Beijing Public Security Bureau shall prevail. Materials needed for applying a business endorsement (1) Submit the Application Form for Exit-Entry Documents of Chinese Citizens. (2) A valid Hong Kong-Macao Pass (the validity period shall be longer than the time limit for the application of the endorsement). (3) Non-residents of the city shall also submit: Personnel holding a valid Beijing Residence Card issued by the Beijing Public Security Organ must submit their second-generation resident identity card and Beijing Residence Card within their validity period. (Personnel holding the Beijing Residence Registration Card must renew to the Beijing Residence Card before they can apply.) College students must submit their own household registration book (main page, personal page and information change page), second generation resident identity card within the

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validity period, original certificate of non-Beijing household registration students in Beijing universities within the validity period issued by the university, and the original report of online certification of school registration of the Ministry of Education, which is verified and stamped by the school registration management department. (Online validation report should be accessed from China Higher Education Student Information Network http://www.chsi.com.cn according to the required procedures.) Employees in Beijing must meet the requirement of paying social insurance in Beijing for more than one year continually (12 months from the date of application, including medical insurance, old-age insurance, work-related injury insurance, unemployment insurance and maternity insurance, without interruption or absence during the period), and submit their own household registration book (main page, personal page and information change page) and the original second generation residents identity card within the validity period. The original certificate and the valid residence certificate issued by the public security organ (which is, Beijing residence certificate or Beijing work residence certificate or Beijing work residence certificate confirmation form). (4) Personnels of units that have already registered for record Household registration personnels of this municipality: It is required to submit the "annual register of the filing of business endorsement to Hong Kong and Macao" and the dispatch letter. Corporate legal representatives, people incharge and partners of law firms need not to submit the dispatch letter but are required to provide the original and a copy of the business licence, the original and duplicate copies of the registration certificate of permanent representative offices of foreign (regional) enterprises and the practice license of law firms. Personnels without residence registration of the municipality: It is required to submit the same documents for first time applying the "annual register of the filing of business endorsement to Hong Kong and Macao" and the dispatch letter. Corporate legal representatives, people incharge and partners of law firms need not to submit the dispatch letter but are required to provide the original and a copy of the business licence, the original and duplicate copies of the registration certificate of permanent representative offices of foreign (regional) enterprises and the practice license of law firms. Note: When applying for a one year's multiple business endorsement, the validity period of enterprise's registration for filing shall not be less than half a year; if applying for three-month's multiple business endorsement, the validity period of enterprise's registration for filing shall not be less than one month. (5) People who have not been filed shall submit ① The copy of the business licence of the enterprise (operating unit), the copy of the registration

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certificate of the Permanent Representative Office of a foreign (regional) enterprise, a copy of the practice license of a law firm, a copy of the individual business license. ② The dispatch letter issued by the corporate legal representative, person in charge, or authorised personnel department for them to do business in Hong Kong and Macao. ③ The "Beijing Social Insurance Individual Rights and Interests Record" proving the filing enterprise (organisation) has paid social insurance fees for them for more than six consecutive months should be submitted. The legal person, person in charge, chief representative of the enterprise, the partner of the law firm and the retiree do not need to submit the record. The retiree also needs to submit the retirement certificate and the on-the-job certificate with the official seal of the business filing unit. ④ Non-residents of the city also need to submit the same materials as the first application for the "Hong Kong-Macao Pass". (6)Individual business operators should submit the original and a copy of the individual business licence. (7)State functionaries who have registered their residence registration in Beijing shall submit the Letter of Consent to Apply for Exit-Entry Certificates issued by their work units or competent higher authorities after examination and approval in accordance with the competence of personnel administration (valid for three months)

Exit-Entry Administration General Corps of Beijing Municipal Public Security Bureau Address: 2 Andingmen Dongdajie, Dongcheng District, Beijing Postcode: 100007 Consulting hotline: (8610) 84020101 Website:http://gaj.beijing.gov.cn/

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Land Administration

»» Expropriation and Administration of Collectively Owned Land

If it is necessary to use collectively owned land, and formalities of expropriation of collectively owned land shall be handled with a land administration department. In the event of the involvement of agricultural land conversion, formalities of examination and approval for agricultural land conversion shall be handled.

»» Procedures for Land Acquisition

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»» Administration of Paid Use of State-Owned Land

China implements a system of paid use of state-owned land for a period in accordance with laws. Land for business use shall be obtained on the land trading market of Beijing via public bidding, auctioning or listed transactions. The transfer of use right of state-owned land refers to deeds that the State transfers the right of certain land use for a certain period of time to a land user, and in exchange, the land user pays transfer incomes to the state. With regard to the transfer of use right of state-owned land, the competent land administration department shall conclude a written transfer contract with the land user. The land user is thus entitled to transfer, lease and mortgage the land according to relevant laws and the transfer contract. According to different land uses, the maximum years of transfer of land use rights are determined lawfully as below:70 years for residential land; 50 years for industrial land; 50 years for land for education, science and technology, culture, health or sports; 40 years for land for business, travel or entertainment; and 50 years for comprehensive or other land.

»» Procedures of transfer of land for business use and state-owned construction land via public bids, auctions or listing

Public bidding procedures

Releasing On-site reconnaissance, Interested bidders buy bidding Announcement of answering questions and documents Public Bidding pre-bid meetings

At the bid evaluation Bid meeting, the bid evaluation Bidders pay Establishment of submission, committee reviews and bidding bid evaluation opening and deliberates on tenders and deposits committee announcement nominates the winner

Determining the bid Issuance of the Notice Refunding other bidders' bidding winner of Winning the Bid deposits

Disclosure of land The bid winner enters into a relevant agreement according to the time transfer results limit specified by the Notice of Bid Winning

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Auctioning procedures

On-site Interested bidders buy Bidders Release of the reconnaissance the auctioning submit and answering Auction Bulletin applications; documents; questions;

Bidders make bids Bidders pay bidding deposits and obtain at the auction; Auction bidding qualification

Determination of Signature of the Refunding the bidding deposits of the bid winner; Confirmation of Transaction other bidders

Listing procedures

On-site Interested bidders Release of the reconnaissance buy listing Listing Listing Bulletin and answering documents questions

Updating listed Bidders pay bidding Bidders fill bidding offers and deposits and obtain Bidders submit tables and attend accepting new bidding applications bidding bids qualification

Signature of the Refunding the Determination of If there are more Confirmation of bidding deposits the bid winner than two bidders Transaction of other bidders to attend the bidding by the deadline of listing, an on-site The bid winner enters into a relevant auction will be Disclosure of land agreement according to the time limit specified organised transfer results by the Confirmation of Transaction

Relevant policies The Regulations on Granting State-Owned Construction Land Use Rights through Public Bidding, Auctioning and Listing (Order No.39 of the Ministry of Land and Resources of the People's Republic of China), on the website of the Central People's Government of the People's Republic of China.

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»» Real Estates Registration Process

Pursuant to the Land Administration Law of the People's Republic of China, Provisional Regulations on Real Estate, Detailed Implementation Measures of Provisional Regulations on Registration of Real Estate (Order No.63 of the Ministry of Land and Resources of the People's Republic of China) and the Notice of the Ministry of Land and Resources of the People's Republic of China on "Regulations on Registration of Real Estate" (Guo Tu Zi Gui [2016] No.6), China follows principles of application-based, unified, continual and ownership-based registrations. Registration goes through applications, acceptance, reviews, filing and certificate issuance. Beijing's registration of real estate is handled by Beijing Municipal Real Estate Registration Centre (hereinafter referred to as Beijing Registration Centre) and registration centres of all districts of Beijing. The Beijing Registration Centre takes charge of registration of real estate of Beijing-based central organisations, Beijing-stationed armies and secret units, and district-level registration centres are responsible for registration of real estate within their jurisdiction (excluding those of armies, central organisations and secret units). From January 1, 2017, Beijing Real Estate Registration Work Specification (Trial) (hereinafter referred to as the Specification) has been officially implemented. The Specification realizes one window for external and simplified procedures, integrates the original land registration, housing registration and other relevant policies and regulations and operation specifications, and reengineers the business process of unified registration of real estate, and determines the principle of integrated registration of real estate, with the exception of single registration. The procedure of integrated registration is defined, and the requirements and document format of registration are standardized.

Beijing Municipal Commission of Planning and Natural Resources Address: Courtyard No.1, Chengan Road, Tongzhou District, Beijing Postcode: 101160 Tel: (8610) 80858586 Webiste:http://ghzrzyw.beijing.gov.cn/

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Office Addresses and Contacts of Real Estate Registration and Acceptance Halls of all Districts in Beijing

Consulting Complaints No. Full Name Address Hotline Hotline

Window A137, F3, government affairs service center, No.1, Beijing Real Estate 1 Xisanhuan South Road, Fengtai 89150318 Registration Center District (southwest corner of Liuliqiao)

Dongcheng District Real 88 Di'anmen East Street, 2 64006265 84225647 Estate Registration Center Dongcheng District

Xicheng District Real Estate 3 51 Nancaiyuan St, Xicheng District 66007070 66128433 Registration Center

8 Hongmao Business Building, Hongjunying East Road, Chaoyang District Real Estate Chaoyang District, Building 3, 4 84998831 85849659 Registration Center Yard 128, Shifoying East Lane, Chaoyang District (only for data query)

Haidian District Real Estate 3rd floor, Yindu Building, 67 82709953 5 60609304 Registration Center Fucheng Road, Haidian District 82175974

Floor 8, Yard 1, Fengti South Road, Fengtai District Real Estate 6 Fengtai District, east side of Fengti 68917100 63815369 Registration Center Times Building, Fengtai District

6F, building D, Jinding Times Shijingshan District Real 7 Square, 165, Fushi Road, 68865488 68869787 Estate Registration Center Shijingshan District

Mentougou District Real 48 Xinqiao Street, Mentougou 8 69861022 69829694 Estate Registration Center District

Hall 1, 38, Haotianbei street, Changyang Town, Fangshan District, Yanshan Yingfeng Liuli Fangshan District Real Estate 89367637 9 Comprehensive Service Hall, 81312689 Registration Center 89367266 Fangshan District (only for partial registration business in Yanshan)

Tongzhou District Real Estate 196 Xinhua South Road, 10 80888963 80888965 Registration Center Tongzhou District

Daxing District Real Estate 1st Floor, Jianshe Building, 29 11 69261324 69266819 Registration Center Xingzheng street, Daxing District

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Office Addresses and Contacts of Real Estate Registration and Acceptance Halls of all Districts in Beijing

Consulting Complaints No. Full Name Address Hotline Hotline

Real Estate Registration Comprehensive Acceptance Zone, Shunyi District Real Estate Zone A, Floor 1, Shunyi District 12 69425703 60417210 Registration Center Government Affairs Service Center, 3 Fuxing East Street, Shunyi District

Changping District Real Estate 36 Nanhuan East Road, 13 89703954 69716507 Registration Center Changping District

13, Linyin North Street, Pinggu District Real Estate Pinggu District (Pinggu District 14 89992360 69962876 Registration Center Comprehensive Administrative Service Center)

3rd Floor, Huairou District Huairou District Real Estate Administrative License Management 15 69687497 69683063 Registration Center Coordination Office, 33 Kaifang Road, Huairou District

69043359 Miyun District Real Estate (private) 16 285 Xindong Road, Miyun District 69054779 Registration Center 69085770 (public)

3rd Floor, Government Affairs Yanqing District Real Estate 17 Center, Yanqing District, 60 69148073 69102420 Registration Center Qingyuan Street, Yanqing District

Floor 1, Zone 3, Block B, Chuangxin Economic and Technological Building, 12 Hongda North 18 Development Zone Real 67888829 67880187 Road, Beijing Economic and Estate Registration Center Technological Development Zone

Note: 1. The real estate registration center of each district shall be responsible for the relevant work of real estate registration in its own administrative region; 2. Beijing Real Estate Registration Center is responsible for the real estate registration of the army, secret related units and central units within the administrative region of Beijing, the consultation phone number is 89150318; 3. Since December 15, 2017, the Municipal Real Estate Registration Center has entered the Beijing Municipal Government Affairs Service Center at the service window of real estate registration business (excluding personal business) such as central units in Beijing and troops stationed in Beijing. Unit consultation, real estate registration business, real estate certificate and certificate collection are all handled at the new address (file query business still remains at the original address). Address: Fengfeng, Beijing 137, Zone A, Floor 3, Beijing Government Affairs Service Center, 1, Xisanhuan South Road, Fengtai District, Beijing.

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2019-2020 Prices Related to Business Investments in Beijing/155 Lifestyle Services in Beijing/164 Foreign (Regional) Organisations in Beijing/170 Investment Service Organisations in Beijing/152 Part of the Scientific and Technological Incubators in Beijing/154 » » » » » » » » » » APPENDIX F ●APPENDIX

Investment Service Organisations in Beijing Investment Service Organisations in Beijing

Name Address Tel

3-4/F, Tower F, Fuhua Building, 8 Beijing Investment Promotion Bureau Chaoyengmen Beidajie, Dongcheng 65541880 District Dongcheng District Investment 6 / F, Huiquan Building, Dongdamochang 87160616 Promotion Service Centre Street (3-1), Dongcheng District Dongcheng District Administrative 52 Jinbao Jie, Dongcheng District 65258800/4006507145 Service Centre

Xicheng District Bureau of Commerce 9 Beibinhe Road, Xicheng District 68012353

Xicheng District Comprehensive 275 Xizhimennei Dajie, Xicheng District 82141500 Administrative Service Centre Floor 4, building A, Wangjing Science Chaoyang District Investment Park, 108, Lizezhonger Road, Chaoyang 84681255 Promotion Service Centre District, Beijing Chaoyang District Investment Service 1-2/F, Building 1, Xiaoyunli, Xiaoyun Lu, 65973300 Centre Chaoyang District Service System Construction Division West side of China Merchants Building, 6 of Zhongguancun Science City 88498950 Sijiqing Road, Haidian District Management Committee Hiandian District Comprehensive Jia 29, Dongbeiwang Nanlu, Haidian 52808001 Administrative Service Centre District Room 2015, Lize Exhibition Center, Building Fengtai District Investment Promotion 3, Compound 1, Dong Guantou Lu, Fengtai 63860065 Service Centre District Fengtai District Administrative Service Yi 360, Caihuying Dongjie, Fengtai District 63397070 Centre 345 South Building, Inside Government Shijingshan District Investment Building, 18 Shijingshan Lu, Shijingshan 68607240 Promotion Service Centre District Shijingshan District Administrative Building l7, 30 Shixing Dajie, Shijingshan 68860607 Service Centre District 3/F, Building 3, High Tech Building, 20 Mentougou District Investment Yong'an Road, Shilong Development 69503404 Promotion Service Centre Zone, Mentougou District

Investment Attraction and Investment Service Centre of the Mentougou 72 Binhe Lu, Mentougou District 69848549 District People's Government

152 Beijing Foreign Investment Guide 2019-2020

Investment Service Organisations in Beijing

Name Address Tel

Fangshan District Government Room707, A Block, 38 Haotian Beidajie, 81312898 Service Bureau Changyangzhen, Fangshan District

Fangshan District Comprehensive 38 Haotian Beidajie, Changyangzhen, 81312718 Administrative Service Centre Fangshan District

Tongzhou District Investment Room 212, South Building, 256 Xinhua 69554111 Promotion Service Centre East Street, Tongzhou District

Tongzhou District Administrative 5 Binhui Beierjie, Yongshunzhen, 69528132 Service Centre Tongzhou District Shunyi District Investment Promotion 9/F, Zone C, Building 1, Yard 3, Fuxing 89498830 Service Centre East Street, Shunyi District

Shunyi District Investment Service 6 Fuqian Xijie, Shunyi District 81492202 Centre

Daxing District Emerging Industry Administrative Service Center, No.15, 81296330 Promotion Service Center Section 3, Xinghua Street, Daxing District

Changping District Investment Dahua Guild Hall, 238 Zhendingsi Road, 69726240 Promotion Service Centre Beiqijia Town, Changping District

Changping District Comprehensive Building 4, Compound 22, Longshui Lu, 60718118 Administrative Service Centre Changping District

Pinggu District Investment Promotion Room 502, Information Building, 13 89994859 Service Centre Linyin Beijie, Pinggu District

Pinggu District Comprehensive 13 Linyin Beijie, Pinggu District 89999570 Administrative Service Centre

Huairou District Investment 7 Yingbin Beilu, Huairou District 69632620 Promotion Service Centre

Huairou District Administrative Licensing 33 Kaifang Lu, Huairou District 69685930 Management Coordination Office

Miyun District Investment Promotion 11-12/F, Block B,358, Shuiyuan East 69027548 Service Centre Road, Miyun District

Miyun District Administrative Service 285 Xindong Lu, Miyun District 69021234 Centre

Yanqing District Investment 1 Ziguang East Road, Kangzhuang Town, 69142016 Promotion Bureau Yanqing District

Yanqing District Administrative 2 Xincheng Jie. Yanqing District 69107057 Service Centre

153 F ●APPENDIX

Part of the Scientific and Technological Incubators in Beijing

Scientific and Technological Incubators in Beijing

Name Address Tel

Datang Chuangxingang Investment 2F, Datang Telecom, 6, Yongjia North Road, 58917940 (Beijing) Co., Ltd Haidian District, Beijing

Beijing Yingjia Weiye Technology Yingu Building, 9, Beisihuan West Road, 62800368 Incubator Co., Ltd Haidian District, Beijing

Building A, 17 Houyongkang Hutong, Beijing Jiarun Business Co., Ltd Dongcheng District, Beijing

Beijing Jingchen Ruida Technology Jingchen Ruida Building, Chengzhuang 63863958 Incubation Center Road, Fengtai District, Beijing

Beijing Huadian Tiande Technology Park Zhuxinzhuang Huabei Electric Power 80798918 Co., Ltd University, Changping District, Beijing

Beijing Guotou Shangke Information 18 Jiuxianqiao East Road, Chaoyang District, 400-887-7688 Technology Co., Ltd Beijing

Zhongguancun Yigu (Beijing) Wanlin Building, 88, Nongda South Road, 82666722 Technology Service Co., Ltd Haidian District, Beijing

Beijing Dongfang Jiacheng Cultural Jiacheng Impression, 17 Zangjingguan 59865978 Industry Development Co., Ltd Hutong, Dongcheng District, Beijing

Beijing Venture Community Investment Building 17, Yard 30, Shiye Street, 400-013-0816 Development Co., Ltd Shijingshan District, Beijing

Boya Yanyuan Technology Business Jiahao International Center, 116 Zizhuyuan 51709898 Incubation (Beijing) Co., Ltd Road, Haidian District, Beijing

Beijing Jiajie Meijin Technology 26 Xihuan South Road, Beijing Economic 67802286 Development Co., Ltd and Technological Development Zone

Beijing Huashang Real Estate Co., Ltd 18 Keyuan Road, Daxing District, Beijing 61271941

Beijing Mudan Technology Incubator 2 Huayuan Road, Haidian District, Beijing 82282113 Co., Ltd

Note: Arranged according to the list of national level science and technology business incubators released by the Ministry of Science and Technology in 2018.

154 Beijing Foreign Investment Guide 2019-2020

Prices Related to Business Investments in Beijing

»» Benchmark Land Prices in Beijing

Unit: yuan/sq.m Use Type of Land Price Commerce Office Residence Industry Level Developable land price range 26980-32980 26170-31990 25850-31590 9860-13340 Ⅰ Average price of developable land 29980 29080 28720 11600 Developable land price range 21970-28730 21480-28080 21250-27790 6660-10000 Ⅱ Average price of developable land 25350 24780 24520 8330 Developable land price range 17430-24410 17140-24000 16990-23790 4530-6790 Ⅲ Average price of developable land 20920 20570 20390 5660 Developable land price range 13330-19990 13160-19740 13060-19600 3090- 4650 Ⅳ Average price of developable land 16660 16450 16330 3870 Developable land price range 10420-15620 10310-15470 10250-15370 2140-3200 Ⅴ Average price of developable land 13020 12890 12810 2670 Developable land price range 8130-12190 8060-12080 8010-12010 1490-2250 Ⅵ Average price of developable land 10160 10070 10010 1870 Developable land price range 5940-8900 5880-8820 5840-8760 1060-1600 Ⅶ Average price of developable land 7420 7350 7300 1330 Developable land price range 3970-6330 3920-6260 3890-6210 780-1160 Ⅷ Average price of developable land 5150 5090 5050 970 Developable land price range 2680-4280 2640-4220 2620-4180 580-880 Ⅸ Average price of developable land 3480 3430 3400 730 Developable land price range 1700-2840 1670-2790 1650-2750 450-670 Ⅹ Average price of developable land 2270 2230 2200 560 Developable land price range 1070-1790 1050-1750 1030-1730 350-530 Ⅺ Average price of developable land 1430 1400 1380 440 Developable land price range 680-1120 650-1090 630-1070 280-420 Ⅻ Average price of developable land 900 870 850 350 General Office of the People's Government of Beijing Municipality: Notice of the People's Government of Beijing Municipality on the Upgrading of Benchmark Land Prices for the Use Right Assignment of State-owned Construction Land (Jing Zheng Fa [2014] No.26)

155 F ●APPENDIX

»» Rents of Office Buildings in Beijing

In the first three quarters of 2019, the net absorption of office buildings in Beijing and the five core business districts mainly including CBD, Financial Street, Yansha, Dongerhuan and Zhongguancun was 239,000 and 41,000 square meters respectively. The effective net rent of office buildings in the city is 388.16 yuan / month / square meter based on the building area; the effective net rent of five core business districts is 433.64 yuan / month / square meter based on the building area. The vacancy rate of the whole city is 10.2%, and that of the core business district is 5.6%. (Data source: Commercial Real Estate Report of DTL in 2019 Q3)

2019 Rent Price Reference of Office Buildings in Beijing

Office Building Business District Floor Area(㎡) Rent (yuan / ㎡ / day)

Guanghua Chang'an Dongcheng Middle 376 11 Building Jianguomen Area

Dongcheng Dongsi Middle Xinbaoli Building 505 10 Shitiao Area

Dongcheng Tian Heng Building High area 510 9 Dongzhimen

Nanxincang International Middle Jia 22, Dongsi Shitiao 300 8 Building Area

Middle Golden Trade Center Xicheng Xizhimen 66 6.5 Area

Xicheng Financial Sinochem Tower High area 1000 15 Street

Yuanyang Building Xicheng Fuxingmen Low area 370 24

Xicheng Financial Middle Sinochem Tower 223 22 Street Area

Zhongchuan Beiguang Chaoyang Low area 2000 4 Cultural Media Base Dingfuzhuang

Shun Mai Jin Zuan Chaoyang CBD Low area 590 6

Middle Century wealth center Chaoyang CBD 481 14 Area

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2019 Rent Price Reference of Office Buildings in Beijing

Office Building Business District Floor Area(㎡) Rent (yuan / ㎡ / day)

Beijing Wanda Plaza Chaoyang CBD High area 1360 9

Landgent city mall Chaoyang Shuangjing High area 715 9

Middle Landgent city mall Chaoyang Shuangjing 1671 11 Area

Hua Mao Center Chaoyang Dawanglu Low area 435 10.1

Middle Dongfang Meidiya Center Chaoyang Dawanglu 171 7 Area

Middle Sanlitun SOHO Chaoyang Sanlitun 240 7 Area

New Times Square Chaoyang Yaao High area 1916 8

Yuanyang Guanghua Chaoyang Guomao High area 810 10 International

Wangjing SOHO Chaoyang Wangjing High area 137 8

Middle Xisanhuan Huayuanqiao Haidian Zizhuqiao 270 6.5 Area

Tsinghua Tongfang Haidian Wudaokou High area 1815 9.1 Technology Plaza

Haidian Weya Building Low area 800 11 Zhongguancun

Caifu Xihuan Fengtai Liuliqiao High area 106 4

Fengtai Science and Low area Headquarters Square Technology Park 610 5

Middle Shouke Building Fengtai Liuliqiao 535 4.5 Area

Shiliu Center Fengtai Liujiayao High area 255 6.2

(Data source: Beijing Investment Promotion Service Center)

157 F ●APPENDIX

»» Water Prices in Beijing

The volume of annual water consumption for a household was divided into three grades, with the higher the grade, the more expensive the water. In 2018, the water consumption of residential ladder is determined by the annual water consumption. The water consumption of the first ladder is not more than 180 cubic meters, the water consumption of the second ladder is between 181-260 cubic meters, and the water consumption of the third ladder is more than 260 cubic meters. The water price of each ladder remains unchanged.

Tiered Water Prices for Residential Users Unit: yuan/cu.m

Components Type of Water Consumption/ Water User Type Water Consumption Running Water Household/Year Price Supply Grade Water Resource Sewage Price Fee

Grade Ⅰ 0-180(Inclusive) 5 2.07 Running Grade Ⅱ 181-260(Inclusive) 7 4.07 1.36 water Grade Ⅲ In excess of 260 9 6.07 Residents Grade Ⅰ 0-180(Inclusive) 5 1.03 Self-use Grade Ⅱ 181-260(Inclusive) 7 3.03 1.36 well Grade Ⅲ In excess of 260 9 5.03

Note: Document basis: Jing Fa Gai [2018] No.115

158 Beijing Foreign Investment Guide 2019-2020

Water Prices for Non-Residential Use and Special Industries Unit: yuan/cu.m

Components

Water User Type Notes Price Water Sewage Water Price Resource Treatment Fee Fee

4.2 2.3 3 Running water Six urban 9.5 districts 2.2 4.3 3 Self-use well Non- resident 4.2 1.8 3 Running water Other 9 districts 2.2 3.8 3 Self-use well

Special industries 160 4 153 3

Note1: For the non-resident users who implement the residential water price, the water price shall be 6 yuan per cubic meter, including, 3.07 yuan per cubic meter for running water supply, 2.03 yuan per cubic meter for self-use well water supply, and 2.03 yuan per cubic meter for sewage treatment. Note2: Scope of water for non-resident users who implement the residential water price: water for school teaching and students' living; water for social welfare institutions that provide maintenance, custody and rehabilitation services to the elderly, disabled and orphaned children; water for public welfare service facilities of urban and rural community neighborhood committees; water for convenient bathing pools supported by the government; non business parks, greening, sprinkling and public service of gardens and environmental sanitation water for toilets and garbage buildings. The specific schools shall be determined by the Municipal Education Department in accordance with the relevant regulations; the social welfare institutions and the public welfare service facilities of the urban and rural community neighborhood committee shall be determined by the municipal civil affairs department in accordance with the relevant regulations; the convenience bath shall be determined by the municipal commerce department and the municipal water affairs department in accordance with the relevant regulations. Note3: Document basis: Jing Fa Gai [2014] No.865, Jing Fa Gai [2016] No.612, Jing Fa Gai [2018] No.115.

»» Price of reclaimed water in Beijing

The price of reclaimed water shall be managed according to the highest guidance price of the government, and the price per cubic meter shall not exceed 3.5 yuan. Document basis: Jing Fa Gai [2014] No.885

159 F ●APPENDIX

»» Electricity Prices in Beijing

Form 1:Electricity Prices for Residential Users in Beijing Tiered Amount of Standard User Type Electricity (kWh/ Voltage Level Electricity Price household/month) (yuan/kWh) Less than 1 kV 0.4883 Grade Ⅰ 1-240 (inclusive) 1 kV and higher 0.4783 Users eligible Less than 1 kV 0.5383 fix piloted tiered Grade Ⅱ 241-400 (inclusive) electricity prices 1 kV and higher 0.5283 Less than 1 kV 0.7883 Grade Ⅲ In excess of 400 1 kV and higher 0.7783 Urban household - Less than 1 kV 0.4733 sharing one Households sharing electrical meter - 1 kV and higher 0.4633 one electrical meter Rural household - Less than 1 kV 0.4433 sharing one electrical meter - 1 kV and higher 0.4333 Non- residential users Less than 1 kV 0.5103 eligible for residential - - electricity prices 1 kV and higher 0.5003 Note 1: Standard electricity prices for one electrical meter shared by households were calculated by Beijing Electric Power Company according to the total amount of electricity used. Note 2: For the residential users who do not implement "one household one meter", if the voltage level is less than 1 kV, the settlement price for the customers shall be 0.5103 yuan / kwh; if the voltage level is 1 kV or above, the settlement price for the customers shall be 0.5003 yuan / kWh.

Form 2: Electricity Prices for Non-Residential Users in Urban Beijing Unit: yuan/kWh Electricity Price Based on Amount Used Basic Electricity Price Maximum Transformer User Type Voltage Level Critical Peak Normal Off-peak Demand Capacity Peak (yuan/ kW/ (yuan/ kvA/ month) month) less than 1 kV 1.4397 1.3104 0.7847 0.3113 1-10 kV 1.4167 1.2884 0.7697 0.3023 1.General 20 kV 1.4097 1.2814 0.7627 0.2953 industry and commerce 35 kV 1.4017 1.2734 0.7547 0.2873 110 kV 1.3867 1.2584 0.7397 0.2723 220 kV and higher 1.3717 1.2434 0.7247 0.2573 1-10 kV 1.0761 0.9864 0.6770 0.3766 48 32 20 kV 1.0611 0.9724 0.6670 0.3706 48 32 2.Large-scale 35 kV 1.0451 0.9584 0.6570 0.3646 48 32 industries 110 kV 1.0181 0.9334 0.6370 0.3496 48 32 220 kV and higher 0.9951 0.9104 0.6170 0.3316 48 32 Less than 1 kV 0.9292 0.6255 0.3378 3.Agricultural 1-10 kV 0.9142 0.6105 0.3218 production 20 kV 0.9062 0.6035 0.3158 35kV and higher 0.8982 0.5955 0.3088 Note: The six urban districts refer to Dongcheng, Xicheng, Chaoyang, Haidian, Fengtai and Shijingshan districts.

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Form 3: Electricity Prices for Non-Residential Users in Suburban Beijing Unit: yuan/kWh Electricity Price Based on Amount Used Basic Electricity Price User Type Voltage Level Critical Off- Maximum Transformer Peak Normal Demand (yuan/ Capacity (yuan/ Peak peak kW/month) kvA/month) less than 1 kV 1.3955 1.2662 0.7405 0.2671 1-10 kV 1.3725 1.2442 0.7255 0.2581 20 kV 1.3655 1.2372 0.7185 0.2511 1.General 35 kV 1.3575 1.2292 0.7105 0.2431 industry and 110 kV 1.3425 1.2142 0.6955 0.2281 commerce 220 kV and higher 1.3275 1.1992 0.6805 0.2131 1-10 kV 1.0661 0.9764 0.6670 0.3666 48 32 2.Large- 20 kV 1.0511 0.9624 0.6570 0.3606 48 32 scale 35 kV 1.0351 0.9484 0.6470 0.3546 48 32 industries 110 kV 1.0081 0.9234 0.6270 0.3396 48 32 220 kV and higher 0.9851 0.9004 0.6070 0.3216 48 32 Less than 1 kV 0.9192 0.6155 0.3278 3.Agricultural 1-10 kV 0.9042 0.6005 0.3118 production 20 kV 0.8962 0.5935 0.3058 35kV and higher 0.8882 0.5855 0.2988 Note: The suburban area include Mentougou, Fangshan, Tongzhou, Shunyi, Daxing, Changping, Pinggu, Huairou, Miyun and Yanqing districts.

Form 4: Electricity Prices for Beijing Economic-Technological Development Area (BDA) in Beijing Unit: yuan/kWh Single-System Double-System Electricity Price Electricity Price Voltage User Type Electricity Price Based on Amount Used Basic Electricity Electricity Price Level Critical Off- Price (yuan/ Based on Peak Normal Peak peak kVA/ month) Amount Used less than 1 kV 0.8161 0.7394 0.4710 0.2369 41 0.9035 1.General industry 1-10 kV 0.7961 0.7204 0.4560 0.2259 41 0.8885 and commerce 20 kV 0.7921 0.7164 0.4510 0.2199 41 0.8805 110 kV 0.7661 0.6904 0.4260 0.1959 41 0.8585 100 1-10 kV 0.9431 0.8654 0.5980 0.3376 41 kilowatts 20 kV 0.9301 0.8534 0.5890 0.3316 41 and 2.Other higher 110 kV 0.8801 0.8054 0.5480 0.2976 41 Industries Less 1-10 kV 1.2011 1.0994 0.7510 0.4126 31 than 100 20 kV 1.1841 1.0834 0.7400 0.4056 31 kilowatts Notes 1: Prices listed in Charts 1-4 all included 0.00196875 yuan for funds supporting the construction of China's major water conservancy projects; 0.0062 yuan for aiding migrants from zones for building large and midsized reservoirs except for "agricultural production"; and except for "agricultural production", 0.001 yuan for additional electricity price of household electricity including renewable energy, an extra charge of 0.019 yuan for developing renewable energy in "general industry and commerce" and "large-scale industries". Notes 2: Electricity use for agricultural irrigation, and disaster prevention and relief was eligible for a deduction of 0.02 yuan from electricity prices listed in the charts. Notes 3: Different periods referred to a "peak" from 10 a.m. to 3p.m., and 6 to 9 p.m.; "normal" from 7 to l0 a.m., 3 to 6 p.m., and 9 to 11 p.m.; "off-peak" from 11 p.m. to 7 a.m. next day; and "critical peak" from 11 a.m. to 1 p.m., and 4 to 5 p.m. in July and August. Notes 4: When electricity, used by concentrated commercial facilities for charging and changing batteries, was directly supplied by enterprises operating the power grid, electricity prices for the category "large-scale industries" were applied. In this aspect, as for Beijing Economic-Technological Development Area, electricity prices for the category "100 kilowatts and higher" were applied. When the voltage level was lower than 1 kV, electricity prices for "1-10 kV" were applicable. Notes 5: Document basis: Jing fa Gai [2018] No.758

161 F ●APPENDIX

»» Prices of Heat Supplied in Beijing

Prices of Heat Supplied in Beijing Unit: yuan/sq.m • heating season Non-residential Heat Supply Method Residential Six urban districts Other districts Beijing District Heating 24 Group Network Direct 16.5 Coal- supply fuelled 45 43 Indirect boilers 19 supply Gas-fuelled (fuel oil, 30 electric) boilers Basic price: 7 yuan/ sq.m for coal-fuelled boilers, 12 yuan/sq.m for Beijing Non-residential Non-residential District Heating Group measurement-based measurement-based Measurement-based Network, 18 yuan/sq.m price: 0.36 yuan/kWh price: 0.33 yuan/kWh prices for gas-fuelled boilers; (98.90 yuan/GJ); basic (91.60 yuan/ GJ); basic measurement based price: price: 18 yuan/sq.m price: 18 yuan/sq.m 0.16 yuan/kWh (44.45 yuan/GJ) Note: Document basis: Jing Jia (Shang) Zi [2001] No.372, Jing Fa Gai [2019] No.1545

»» Gas Prices in Beijing

Tiered Gas Prices for Residential Users in Beijing Unit: yuan/sq.m • heating season Annual Amount of Gas Used by a Household (cu.m) Price Grade Gas for Daily Use Gas for Heat Supply Conversion of Coal (Cooking and Heating by Wall-Mounted to Gas for Heating in (yuan/cu.m) Domestic Water) Boilers Rural Areas Grade Ⅰ 0-350 (inclusive) 0-1,500 (inclusive) 0-2500 (inclusive) 2.61 Grade Ⅱ 350-500 (inclusive) 1,500-2,500 (inclusive) 2500-3000 (inclusive) 2.83 Grade Ⅲ In excess of 500 In excess of 2500 In excess of 3000 4.23 Non-resident households implementing residential prices 2.63 Note 1: The range of non-resident households implementing residential prices (excluding central heating) is gas for school teaching and students' daily life, social welfare institutions that provide maintenance, trusteeship and rehabilitation services to the elderly, disabled and orphans and disabled children, and public welfare service facilities of urban and rural community residents' committees. Specific schools shall be determined by the Municipal Education Department in accordance with relevant provisions, while social welfare institutions and public welfare service facilities of urban and rural residents' committees shall be determined by the civil affairs department in accordance with relevant provisions. Note 2: Document basis: Jing Fa Gai [2019] No.1543

162 Beijing Foreign Investment Guide 2019-2020

Natural Gas Prices for Non-Residential Users in Beijing Unit yuan/sq.m • heating season Use Type Maximum Price (yuan/cu.m) Electricity generation 2.31 Six urban districts 2.49 Heating and refrigeration Other districts 2.25 Six urban districts 2.89 Industry and commerce Other districts 2.65 Residential supply 2.12 Compressed natural gas stations Non-residential supply 2.35 Note: Document basis: Jing Fa Gai [2019] No.454

163 F ●APPENDIX

Lifestyle Services in Beijing

Part of the Five-Star Hotels in Beijing

Name Address Tel(8610) Regent Beijing 99 Jinbao Jie, Dongcheng District 85221888 Overseas Chinese Mansion 2 Wangfujing Dajie, Dongcheng District 58169999 Grand Hyatt Beijing 1 Dong Chang'an Jie, Dongcheng District 85181234 Sunworld Dynasty Hotel Beijing 50 Wangfujing Dajie, Dongcheng District 58168888 Capital Hotel 3 Qianmen Dongdajie. Dongcheng District 58159988 26 Xibinhe Lu, Andingmemwai, Dongcheng Oriental Bay International Hotel 58139988 District Crowne Plaza Beijing Wangfujlng 48 Wangfujing Dajie, Dongcheng District 59119999 Beijing International Hotel 9 Jianguomennei Dajie 65126688 Jianguo Garden Hotel Beijing 17 Jianguomennei Dajie, Dongcheng District 65286666 Beijing Marriott Hotel City Wall 7 Jianguomennei Dajie, Dongcheng District 58118888 Grand Hotel Beijing 35 Dong Chang'an jie, Dongcheng District 65137788 Beijing Hotel 33 Dong Chang'an jie, Dongcheng District 65137766 The Peninsula Beijing No.8 Jinyu Hutong, Dongcheng District 85162888 Legendale Hotel 90-92 Jinbao Jie, Dongcheng District 85113388 Sheraton Hotel No.4, yard 36, Beisanhuan East Road 57988888 The Presidential Beijing Jia 9, Fuchengmenwai Dajie, Xicheng District 58585588 The Westin Beijing Financial Street Yi 9, Jinrong Dajie, Xicheng District 66068866 The Ritz-Carlton Beijing, Financial 1 Jinchengfang Dongjie, Xicheng District 66016666 Street InterContinental Hotel Beijing 11 Jinrong Dajie, Xicheng District 58525888 Financial Street Celebrity International Grand Hotel 99 Anli Lu, Chaoyang District 58651166 Radegast Hotel Beijing Building 3, 15 Guanghua Road 85885588 1 Dongfang Lu, Dong Sanhuan Beilu, Chaoyang Hilton Beijing 58655000 District Wanda Vista Tower C, 93 Jianguo Lu, Chaoyang District 85996666 Zhaolong Hotel 2 Gongti Beilu, Chaoyang District 65972299 Hotel New Otani Chang Fu Gong 26 Jianguomenwai Dajle, Chaoyang District 58775555 12 Qisheng Zhongjie, Dongbei Sanhuan, Crowne Plaza Beijing Sun Palace 64298888 Chaoyang District Kerry Hotel Beijing 1 Guanghua Lu, Chaoyang District 65618833

Data source: Beijing Municipal Bureau of Culture and Tourism

164 Beijing Foreign Investment Guide 2019-2020

Part of the Five-Star Hotels in Beijing

Name Address Tel(8610) St. Regis Beijing 21 Jianguomenwai Dajie, Chaoyang District 64606688 The Great Wall Sheraton Hotel Beijing 10 Dong Sanhuan Beilu, Chaoyang District 65905566 Kuntal Royal Hotel Yi 12, Chaoyangmenwai Dajie, Chaoyang District 58285588 Grand Millennium Beijing 7 Dong Sanhuan Zhonglu, Chaoyang District 85876888 Building 4, Compound 8, Beichen Xilu, Chaoyang InterContinental Beijing Beichen 84371188 District Kempinski Hotel Beijing 50 Liangmaqiao Lu, Chaoyang District 64653388 V-Continent Beijing Parkview 8 Bei Sihuan Donglu, Chaoyang District 84982288 Hotel China World Hotel Beijing 1 Jianguomenwai Dajie. Chaoyang District 65052266 Hotel Kunlun 2 Xinyuan Nanlu. Chaoyang District 65903388 Boyue Beijing Hotel 36 Xiaoyun Lu, Chaoyang District 64689999 The Westin Beijing Chaoyang 7 Dong Sanhuan Beilu. Chaoyang District 59228888 Lijingwan International Hotel 28 Shilibao Beili, Dong Sihuan, Chaoyang District 85858888 Marco Polo Parkside Beijing 78 Anli Lu, Chaoyang District 59636688 China World Summit Wing Beijing 1 Jianguomenwai Dajie, Chaoyang District 65052299 Radegast Lake View Hotel 19 Panjiayuan Nanli, Chaoyang District 59097777 Renaissance Beijing Capital Hotel 61 Dong Sanhuan Zhonglu, Chaoyang District 58638888 Zone 1, block A, Pengrun building, 26, Xiaoyun Grand Concordia Hotel 51086688 Road The Lakeview Hotel 127 Zhongguancun Beidajie, Haidian District 82689999 Hotel Nikko New Century Beijing 6 Shoudutiyuguan Nanlu, Haidian District 68492001 Crowne Plaza Zhongguancun 106 Zhichun Lu, Haidian District 59938888 Fragrant Hill Empark Hotel 59 Bei Zhenghuangqi, Haidian District 59898888 Xiyuan Hotel 1 Sanlihe Lu, Haidian District 68313388 Beijing Xinyuan Hotel 6 Shifangyuan, Haidian District 63901166 Beijing Friendship Hotel 1 Zhongguancun Nandajie, Haidian District 68498888 Shangri-La Hotel Beijing 29 Zizhuyuan Lu, Haidian District 68412211 Empark Grand Hotel 69 Banjing Lu, Haidian District 88598888 West International Trade Hotel Building 8, 16 Fengguan Lu, Fengtai District 83832222 Ruilinwan Hot Spring Hotel 39 Shunping Fu Xian 89468899 Loong Palace Hotel & Resort 317 Changping Lu, Changping District 80799988 20 Ronghua Zhonglu, Beijing Economic- Fengda International Hotel Beijing 67518888 Technological Development Area RGHCM Garden Resort 2 Xidaqiao Lu, Miyun District 89098888 Data source: Beijing Municipal Bureau of Culture and Tourism

165 F ●APPENDIX

Main Exhibition Venues in Beijing

Name Address Tel(8610)

China National Convention Center 7 Tianchen Donglu, Chaoyang District 84373300 1 Jianguomenwai Dajie, Chaoyang District 65052288 Beijing International Convention 8 Beichen Donglu, Chaoyang District 84979768 Center China International Exhibition 6 Bei Sanhuan Donglu, Chaoyang District 84600000 Center China International Exhibition 88 Yuxiang Lu, Shunyi District 84600200 Center (New) China International Science and 12 Yumin Lu, Chaoyang District 62057003 Technology Convention Center 75 Shashun Lu, Xiaotangshanzhen, Jiuhua Convention & Exhibition 61782288 Changping District National Agriculture Exhibition 16 Dong Sanhuan Beilu, Chaoyang 65096089 Center District Cultural Palace of Nationalities 49 Fuxingmennei Dajie, Xicheng District 83195218 Beijing Exhibition Centre 135 Xizhimenwai Dajie, Xicheng District 57960055

Part of the Aviation Service in Beijing

Name Tel(8610) Name Tel(8610)

Beijing Capital International 96158 Scandinavian Airlines 85276100 Airport Air China 95583 United Airlines 400-883-4288

China Southern Airlines 95539 American Airlines 400-815-0800

China Eastern 95530 Delta Air Lines 400-120-2364

Shenzhen Airlines 95080 Air Canada 400-811-2001

Xiamen Airlines 95557 Japan Airlines 400-888-0808

China United Airlines 400-102-6666 All Nippon Airways 400-882-8888

Shanghai Airlines 95530 Singapore Airlines 65052233

Cathay Pacific Airways 400-888-6628 Qantas Airways 400-888-0089

Aeroflot 400-819-8674 Korean Air 400-658-8888

Air France 400-880-8808 Asiana Airlines 400-650-8000

British Airways 400-881-0207 Thai Airways 85150088

Lufthansa Croup 400-886-8868 Malaysia Airlines 65052681

Alitalia 84493134 Emirates Airline 400-882-2380

166 Beijing Foreign Investment Guide 2019-2020

Hospitals with International Services in Beijing (Beijing Emergency Center Telephone Number 120)

Name Address Tel(8610) China-Japan Friendship 2 Yinghua Dongjie, Chaoyang District 84205566 Hospital Beijing Friendship Hospital 95 Yongan Lu, Xicheng District 63016616 Peking Union Medical East zone: 1 Shuaifuyuan, Wangfujjng, Dongcheng District 69156699/6114 College Hospital West zone: 41 Damucang Hutong, Xidan, Xicheng District West zone: 1 Dongjiaominxiang, Dongcheng District Beijing Tongren Hospital, East zone: 8 Chongwenmennei Dajie, Dongcheng District 58266699 China Medical University South zone: 2 Nanlu, Beijing Economic-Technological Development Area Beijing Hospital 1 Dahua Lu, Dongdan, Dongcheng District 85132266 Xinjiekou zone: 31 Xinjiekou Dongjie, Xicheng District Beijing Jishuitan Hospital Huilongguan zone: 68 Huilongguan Nanbeilu, Changping 58516688 District Peking University First 8 Xishiku Dajie, Xicheng District 83572211 Hospital Peking University Third 49 Huayuan Beilu, Haidian District 82266699 Hospital Xizhimen zone: 11 Xizhimen Nandajie, Xicheng District Peking University People's Baitasi zone: 133 Fuchengmennei Dajie, Xicheng District 88326666 Hospital Haidianzone: No.36, South Section of Changpinglu, Haidian District Peking University Cancer 52 Fucheng Lu, Haidian District 88121122 Hospital Beijing Obstetrics and East zone: 251 Yaojiayuan Lu, Chaoyang District 52276666 Gynecology Hospital, West zone: 17 Qihelou Jie, Dongcheng District 52277666 Capital Medical University Beijing Children's Hospital 56 Nanlishi Lu, Xicheng District 59616161 Beijing Stomatological Hospital, Capital Medical 4 Tiantan Xili, Dongcheng District 57099114 University Beijing Tian Tan Hospital, 6 Tiantan Xili, Dongcheng District 67096611 Capital Medical University Beijing Xuanwu Hospital, 45 Changchun Jie, Xicheng District 83198899 Capital Medical University Beijing Anzhen Hospital 2 Anzhen Lu, Chaoyang District 64412431 Capital Medical University Beijing Tibetan Hospital 218 Xiaoguan Beili, Huixinli Xijie, Chaoyang District 64972929 Beijing United Family 2 Jiangtai Lu, Chaoyang District 59277120 Hospital American-Sino OB/GYN/ 18 Anyuan Lu, Chaoyang District 84439666/7/8 Pediatrics Services

167 F ●APPENDIX

Part of the International Schools in Beijing

Name School Level Address Tel (8610)

Kindergarten, Yew Chung International primary, junior 5 Houbalizhuang, Chaoyang District 85833731 School of Beijing high, senior high

Kindergarten, Beijing BISS primary, junior No.17, Block 4, Anzhen Xili, Chaoyang District 64433151 International School high, senior high

Kindergarten, Western Academy of primary, junior 10 Laiguangying Donglu, Chaoyang District 59865588 Beijing high, senior high

Kindergarten, International School of primary, junior 10 Anhua Jie, Shunyi District 81492345 Beijing high, senior high

Etonkids International 10 Shangdong, Dongfeng Nanlu, Chaoyang Kindergarten 59812666 Kindergarten District

Kindergarten, Beijing City International primary, junior 77 Baiziwan Nan'erlu, Chaoyang District 87717171 School (BCIS) high, senior high

Dongrun campus: 38 Nanshiliju, Chaoyang District Kindergarten, Shunyi campus: 15 Liyuan Jie, Tianzhuzhen, 84566019 Beanstalk International primary, junior Shunyi District 64560618 Bilingual School high, senior high Yangguangshangdong campus: 51307951 6 Dong Sihuan Beilu, Chaoyang District

International Montessori Kindergarten, Building 8, Compound Jia 2, Xiangjiang Beilu, 64328228 School of Beijing primary Chaoyang District

Kindergarten, National Institute of primary, junior 7 Louzizhuang Lu, Chaoyang District 84390808 Technology high, senior high

Beijing Huijia Private Primary, junior 157 Changhuai Lu, Changping District 69744794 School high, senior high

Beijing Legend Garden Campus: Zone 7, Legend Garden, 89 Shoudujichang Lu, Kindergarten, Shunyi District primary, junior 64549000 Beijing Riviera Campus: Beijing Riviera, 1 high, senior high Xiangjiang Beilu, Jingshun Lu, Chaoyang District

Beijing Chaoyang Fangcaodi International Primary 1 Ritan Beilu, Chaoyang District 85635120 School

168 Beijing Foreign Investment Guide 2019-2020

Part of the International Schools in Beijing

Name School Level Address Tel (8610)

Harrow International Junior high, 287 Hegezhuangcun, Cuigezhuangxiang, 64448900 School Beijing senior high Chaoyang District

Kindergarten, French International primary, junior Xinjin Lu, Chaoyang District 84747011 School Beijing high, senior high

Sanlitun campus: 5-6 Sanlitun Xiliujie, Kindergarten, Chaoyang District British School of Beijing 85323088 primary, junior Shunyi campus: South Compound, 9 Anhua Sanlitun 80473588 high, senior high Jie, Tianzhu Development Zone, Shunyi District

Japanese School of Primary, junior 6 Jiangtai Xilu, Chaoyang District 64363250 Beijing high

Kindergarten, Canadian International primary, Junior 38 Liangmaqiao Lu, Chaoyang District 64657788 School of Beijing high, senior high

Springboard Kindergarten, No.15,Gucheng Section, Huosha Lu, International Bilingual primary, junior 80490307 Houshayuzhen, Shunyi District School of Beijing high, senior high

Primary junior Compound 65, Xingshikou Lu, Haidian Kaiwen Academy 59217767/8/9 high, senior high District

Beijing World Youth Primary, junior 18 Huajiadi Beili, Chaoyang District 64706336 Academy high, senior high

Kindergarten, 11 Wangfu Jie, Beiqijiazhen, Changping Beijing Royal School primary, junior 81785511 District high, senior high

Beijing Collegiate Kindergarten, 10 Shangdong, Dongfeng Nanlu, Chaoyang Academy International primary, junior 56812555 District School high, senior high

Beijing Concord College Primary, junior Conglin, Zhuangyuan, Tongzhou District 89591234 of Sino-Canada high, senior high

Tsinghua International Primary, junior Northwest of Tsinghua University, 62797000 School high, senior high Zhongguancun Beilu, Haidian District

High School Affiliated Junior high, to Renmin University of 37 Zhongguancun Dajie, Haidian District 62555594 senior high China Joint Program

International Junior high, Jia 2, Xihuangchenggen Beijie, Xicheng Department of Beijing 66173886 senior high District No.4 High School

169 F ●APPENDIX

Foreign (Regional) Organisations in Beijing

Organisations of European Union (EU) Name Address Postcode Tel (8610) EU Delegation to China 15 Dongzhimenwai Dajie, Chaoyang District 100027 84548000 EU Chamber of Commerce in Beijing Lufthansa Center, Office C412, No.50 100016 64622066 China Liangmaqiao Lu, Chaoyang District

U.S. Organisations Name Address Postcode Tel (8610) Embassy of the United States 55 Anjialou Lu Chaoyang District 100600 85313000 Beijing, China Beijing Office, the US-China Suite 10-01, CITIC Building, 19 Jianguomenwai 100004 65020727 Business Council Dajie, Chaoyang District 3 Floor, Gate 4, Yingke Center, No. 2 Gongti AmCham China 100027 85190800 North Road, Chaoyang District

UK Organisations Name Address Postcode Tel (8610) 11 Guanghua Lu Jianguomenwai, Chaoyang British Embassy Beijing 100600 51924000 District Beijing Office, China-Britain Room 1001, China Life Tower, 16 Business Council/ British 100020 85251111 Chaoyangmenwai Dajie, Chaoyang District Chamber of Commerce in China

German Organisations Name Address Postcode Tel (8610) Embassy of the Federal 17 Dongzhimenwai Dajie, Chaoyang District 100600 85329000 Republic of Germany in Beijing German Chamber of Commerce Room 0811, Building 2, Landmark Tower, Dong 100004 65396686 in China Sanhuan Beilu, Chaoyang District

Organisations of the Republic of Korea Name Address Postcode Tel (8610) Embassy of the Republic of 20 Dongfang Donglu, Third Embassy Zone, 100600 85310700 Korea in China Liangmaqiao. Chaoyang District Beijing Office, Korea Trade- 29/F, Tower A, Beijing POSCO Center, Hongtai 100102 64106162 Investment Promotion Agency Dongjie, Chaoyang District Korea Chamber of Commerce Room 910, Hyundai Motor Tower, 38 Xiaoyun 100027 84539756 in China Lu, Chaoyang District Beijing Branch, Korea Room 1201, China World Trade Center Tower 1, 100004 65052672 International Trade Association 1 Jianguomenwai Dajie, Chaoyang District Beijing Office, Korea Local No.10, 11/F Air China Plaza, 36 Xiaoyun Lu, Authorities Foundation for 100027 84475277 Chaoyang District International Relations

170 Beijing Foreign Investment Guide 2019-2020

Canadian Organisations Name Address Postcode Tel (8610) Embassy of Canada to China 19 Dongzhimenwai Dajie, Chaoyang District 100600 51394000 Beijing Office, Canada China Suite 11A16, Hanwei Plaza, 7 Guanghua Lu, 100004 85261820 Business Council Chaoyang District

French Organisations

Name Address Postcode Tel (8610) Embassy of France in China 60 Tianze Lu, Chaoyang District 100600 85312000 French Chamber of Commerce Room 201-222, 2/F, Building 81, 4 Gongti Beilu, 100125 64610260 and Industry in China Chaoyang District

Organisations of Hong Kong, SAR Name Address Postcode Tel (8610) Office of the Government of the Hong Kong Special 71 Di'anmen Xidajie, Xlcheng District 100009 66572880 Administrative Region in Beijing Beijing Office, Hong Kong Room 918, Tower 2, Bright China Chang An Building, 100005 65101700 Trade Development Council 7 Jianguomennei Dajie, Dongcheng District Hong Kong Chamber of Room 916, Tower 1, Bright China Chang An Building, 100005 65101583 Commerce in China 7 Jianguomennei Dajie, Dongcheng District

Japanese Organisations Name Address Postcode Tel (8610) Embassy of Japan in China 1 Liangmaqiao Dongjie, Chaoyang District 100600 85319800

Beijing Office, Japan-China Room 401, Chang Fu Gong Office Building, Jia 65140643 100022 Economic Association 26, Jianguomenwai Dajie, Chaoyang District 65139833 Beijing Office, Japan-China Room 402, Chang Fu Gong Office Building, Jia Investment and Promotion 100022 65139890-1 26, Jianguomenwai Dajie, Chaoyang District Organization

Japan External Trade Room 7003, Chang Fu Gong Office Building, 100022 65137077 Organization in Beijing Jia 26, Jianguomenwai Dajie, Chaoyang District

Japanese Chamber of Floor 1, Room 3001, Chang Fu Gong Office Commerce and Industry in Building, Jia 26, Jianguomenwai Dajie, 100022 65130829/39 China Chaoyang District Beijing Office of Japan Room 18-01 A, Tower A, CITIC Building, Association for the Promotion 100004 65004050/3463 19 Jianguomenwai Dajie, Chaoyang District of International Trade Beijing Office, Japan-China Room 1408, Tower B, Xingfu Building, 3 Dong Economic Relations and 100027 65283825 Sanhuan Beilu, Chaoyang District Trade Centre Beijing Office, Asia Room 1605, Tower E, Fuhai Centre, 17 100081 62119820 Management Association Daliushu Lu, Haidian District

171 Beijing Foreign Investment Guide 2019-2020 Sponsor: Beijing Municipal Commerce Bureau Supporters: Beijing Municipal Commission of Development and Reform Beijing Municipal Commission of Science and Technology Beijing Municipal Commission of Economy and Information Technology Beijing Municipal Public Security Bureau Beijing Municipal Bureau of Finance Beijing Municipal Bureau of Human Resources and Social Security Beijing Municipal Commission of Urban Planning and Natural Resources Beijing Tax Bureau, State Administration of Taxation Beijing Municipal Market Supervision and Administration Beijing Municipal Bureau of Statistics Beijing Customs Beijing Medical Security Bureau Beijing Administration Office of the State Administration of Foreign Exchange Beijing Investment Promotion Service Center Management Committee of Zhongguancun Science and Technology Park

Editor-in-Chief: Yan Ligang Deputy Editor-in-Chief: Liu Meiying Editorial Board Members: Cai Xiaojun, Chen Shaoqiong, Duan Shuangli, Du Lei, Hou Mingdi, Jiang Chonghua, Li Jianjun, Lin Fang, Lin Yuanfu, Lu Xiaoming, Meng Jie, Peng Xuehai, Shang Wei, Shi Huiyang, Wan Dong, Wang Bingming, Wang Tiemei, Xin Xing, Zhang Xiaolin, Zhao Hui, Zhou Zhiyu Editors: Chen Zhijie, Cheng Yi, Chen Hui, Cui Yue, Deng Hui, Fang Min, Ji Xiaowen, Li Changgui, Li Xiaowei, Liu Huifang, Liu Jia, Liu Xiaoyu, Ma Li, Ma Xue, Pang Haoran, Peng Shiwen, Tong Guoqing, Wang Lei, Yin Xubing, Zhang Yi, Zhao Wenjie, Zhou Juan Art Editor: Lin Shuyu Planner and Producer: Beijing Great Thoughts Investment and Consulting Co., Ltd.