(CFP photo)

Nanjing’s Jiangbei New District released guidelines over the establishment of the foreign-invested human resources service agency and the notification-commitment mechanism for the foreign-owned, for-profit vocational training agency in the Nanjing Area of China (Jiangsu) Pilot Free Trade Zone (FTZ).

The HR service agency with partial or full foreign investment needs to register and get approval from the human resource and social security administration in the FTZ’s Nanjing Area.

Then it can engage in services of job information collection and releasing, guidance for employment or entrepreneurship, consultancy, evaluation, training and outsourcing.

The new guideline lifts a number of restrictions, such as at least three years’ practices for both Chinese and foreign investors and at least 25 percent of foreign investment and 51 percent of Chinese investment in a joint venture.

In addition to a level playing field for both Chinese and foreign investors, it also simplifies the review and approval procedure, such as cutting down the application documents from eight to five.

The notification-commitment refers to the streamlined administration and approval procedures in two stages - preparatory and formal establishment.

After meeting requirements and standards, a planned vocational training agency can summit relevant materials for direct opening.

These procedures are formulated to relax the requirements, such as the venue and fund, improve administration efficiency, and also regulate the exit mechanism of such service providers.