Today, with extensive and prosperous global economic exchanges, foreign investment has become an important driving force for economic growth in various countries. In order to further improve the level of Shaanxi’s opening to the outside world, accelerate the creation of a market-oriented, legal and international business environment, actively promote foreign investment, and standardize foreign investment management, recently, with the approval of the Shaanxi Provincial Government, the Provincial Development and Reform Commission issued the "Shaanxi Provincial Foreign Measures for the Administration of Approval and Filing of Investment Projects.

In recent years, China has further relaxed restrictions on foreign investment, adjusted investment management quotas, and delegated management powers. In particular, the "Foreign Investment Law" implemented in 2020 implements a pre-access national treatment plus a negative list management system for foreign investment, with clear requirements "The fields outside the negative list of foreign investment access shall be managed in accordance with the principle of consistent domestic and foreign investment", which is a major reform of my country's foreign investment management system. Facing the new situation and new changes, the Provincial Development and Reform Commission actively initiated the revision of Shaanxi Province’s 2015 foreign investment project approval and filing management measures. Deepen the reform of the foreign investment project management system; the second is to actively sum up practical experience, covering both special regulations on the management of foreign-funded projects and drawing on the relevant regulations on the management of domestic-funded enterprises;

The revised "Measures" has eight chapters and 40 articles, including general provisions, project management methods, project approval, project filing, project changes, supervision and management, legal responsibilities and supplementary provisions. The "Measures" focus on the following three aspects: First, strictly benchmark the "Foreign Investment Law" and its implementation regulations and other newly promulgated laws and regulations in recent years, fully implement the negative list management system for foreign investment access, and areas outside the negative list. Give equal treatment to domestic and foreign-funded enterprises; the second is to further improve the facilitation of the approval and filing of foreign-funded projects, simplify the approval procedures for foreign-funded projects, clarify that all registered foreign-funded projects shall implement informative filing management, and fully implement the "online platform" online processing, supervision and management. Services; the third is to improve the supervision of foreign-funded projects during and after the event, and make relevant provisions for situations where construction of foreign-funded projects has not been started within two years after approval or filing of foreign-funded projects, and the project unit has not truthfully declared relevant information.

In the future, we will do a good job in the implementation of the management measures. These policies are undoubtedly a "reassurance" for foreign-funded enterprises. In the next step, the Provincial Development and Reform Commission will continue to do a good job in the publicity, interpretation and implementation of the "Measures", actively attract foreign investment and reinvestment, promote the implementation and construction of major foreign investment projects, and promote the high-quality economic development of Shaanxi Province with a higher level of opening up. Editor/Xu Shengpeng