Tianfu New Area's reforms stimulating market vitality

As a national demonstration zone and pioneer of the "park city" philosophy, Sichuan Tianfu New Area in Southwest China, has become a fertile ground for talent, enterprises and innovators thanks to its first-class business environment characterized by marketization, rule of law and internationalization.

Since the beginning of this year, the area in Sichuan province has been ramping up efforts to stimulate market vitality and social creativity through a series of key reforms.

In July, it issued the Action Plan for Innovative Reforms of Business Environment in Tianfu New Area, highlighting eight major initiatives of market access, government services, policy services, investment facilitation, new regulatory methods, legal guarantees, element aggregation and innovation capacity.

The increasingly optimized business environment has not only ignited the enthusiasm of market entities for innovation and entrepreneurship, but also attracted more leading enterprises. As of Oct 31, the total number of market entities in the area reached 126,849, up 24.26 percent year-on-year.

Innovative services

A local resident surnamed Luo recently experienced the one-stop service at the real estate registration center in Tianfu New Area and obtained his certificate by submitting electronic materials and going through video authentication online.

"In the past, I had to go to the real estate registration hall, but now, with the'internet and fingertip service', it took less than three minutes to complete," he said.

Applicants used to conduct on-site registration with lots of materials, which was both time-consuming and labor-intensive.Now, the real estate registration can be carried out in real-time through "internet plus blockchain" that integrates user identity authentication, the signing process and documents, according to staff members at the center.

The center provides user-friendly services such as form-filling guidance, free copying and printing, and online self-service for businesses and the public, with smart devices such as robots, touch-guiding screens and work stations.

More innovative methods are empowering the efficiency of services in Tianfu New Area.

For example, by continuously promoting the construction of smart taxation, "digital employees" are used to automatically examine and adjust the credit limit for invoices, further reducing the cost of invoice usage for taxpayers and shortening the time for tax processing.

Catering to the needs of enterprises, Tianfu New Area adopts various methods such as the commitment system to handle acceptance procedures, improve efficiency and reduce the waiting time for enterprises.

Tianfu New Area focuses on deepening the comprehensive transformation of existing hall windows by building the mechanism of guiding, assisting and handling on behalf of government services and extending the "assistance and handling on behalf" work at the grassroots level.

Self-service terminals are also being introduced into functional areas and buildings, expanding the coverage of the "15-minute government service convenience circle".