Business / Economy

Tianjin Binhai offers one-stop services to investors, entrepreneurs

By Dai Tian ( Updated: 2016-06-28 09:15

Tianjin Binhai offers one-stop services to investors, entrepreneurs

People walk into the comprehensive service center of China Tianjin Pilot Free Trade Zone, June 27, 2016. The hall, a pioneer project by the Binhai New Area, enables the government to provide one-stop unified services. [Photo by Dai Tian from]

Tianjin Binhai New Area vows to keep a compact government, providing one-stop services to investors and entrepreneurs in the town, said district officials on Monday.

The Binhai central business district has pioneered in opening a comprehensive service hall, handling all administrative "legworks", ranging from state and local taxation to outbound investment filings and export as well as fire control permits, said Xu Fei, director of the hall.

There is also a firewall between the staff taking in application materials and the others who approve them, in order to uphold a transparent standard, said Xu.

The move comes as the Binhai New Area CBD has grown from a mere construction site two years ago during the 2014 Summer Davos into a readily equipped business center.

"Our motto is that companies make command and the government does legwork," said Xu, adding that representatives can also hire a third-party service provider and rate their efficiency afterward.

The CBD, as a key part of Tianjin Free Trade Zone, aims to become a national hub for financial services, modern business and high-end services.

Over 5,800 new companies registered in the zone last year, a jumpstart equal to 3.6 times of that over the last four years.

The district is expected to double its economy in 2016, after growing at the same level last year, said Zheng Weiming, director of the Binhai New Area CBD, at a briefing on Monday.

The briefing is a sideline event of this year's Summer Davos. Held from Sunday to Tuesday, the forum carries the theme "The Fourth Industrial Revolution and Its Transformational Impact", and has attracted over 1,700 participants from more than 90 economies.

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