Suzhou to improve business environment

2020-03-30 15:41:00

Suzhou City in Jiangsu Province will make more efforts in building the rule of law, improving social credit system, getting governance smart, allocating resources and ensuring win-win cooperation to boost confidence of investors towards the city, according to a conference on March 28.

Suzhou will make the rule of law and social credit system as the most important mark of an improved business environment. The city has formulated specific rules to protect small and medium-sized investors, safeguard intellectual property rights, and improve the construction of social credit and enterprise credit system. Meanwhile, it is experimenting with a new financial services model based on the credit information for small and micro-enterprises, the first of its kind in China.

Suzhou will keep improving the business environment with the application of Big Data, such as reorganizing the public service procedures for administrative items closely related to people’s life and business operation. Suzhou will streamline the responses towards investment inquiries, keep red tape to a minimum, and make investment into the city as easy as online shopping, through the use of http://www.suzhourlt.cn/, a comprehensive portal about Suzhou’s business environment and investment policy.

During the COVID-19 prevention and control, Suzhou became the first city in China to introduce differentiated supportive measures in accordance to enterprises of various types and sizes and help them tide over the difficulties, a precise approach winning praises.