Lo­cal govt debt rules tight­ened

China Daily (Hong Kong) - - POLICY REVIEW -

Pub­lic hos­pi­tals in China will op­er­ate un­der a new sys­tem, not driven by prof­its, by 2020, ac­cord­ing to a guide­line the State Coun­cil, China’s Cab­i­net, re­leased on July 25.

China should es­tab­lish a “mod­ern hos­pi­tal man­age­ment sys­tem” that ad­heres to putting peo­ple’s health at the cen­ter and ad­heres to the non­profit na­ture of pub­lic hos­pi­tals and putting the pub­lic’s in­ter­est as a pri­or­ity, the guide­line said.

By 2020, it said, the new sys­tem will en­sure that a non­profit, more ef­fi­cient and sus­tain­able development pro­gram will be estab­lished.

The State Coun­cil will tighten reg­u­la­tions on lo­cal gov­ern­ment debt is­suance, as de­cided at the State Coun­cil’s ex­ec­u­tive meet­ing on July 26. It was stressed at the meet­ing that tack­ling risk from in­creas­ing debt is cru­cial to en­sur­ing healthy and sus­tain­able eco­nomic development, and safe­guard­ing the coun­try’s fi­nan­cial sta­bil­ity, ac­cord­ing to a state­ment is­sued after the meet­ing. a slew of in­cen­tives to make the coun­try more invit­ing to for­eign di­rect in­vest­ment and for­eign ex­per­tise by widen­ing mar­ket ac­cess and im­prov­ing the busi­ness en­vi­ron­ment.

The neg­a­tive-list based mar­ket ac­cess regime for for­eign in­vest­ment, al­ready being tried in the coun­try’s 11 free­trade zones, will be rolled out na­tion­wide, and more sec­tors will be fur­ther opened to FDI, the meet­ing de­cided. Prof­its of for­eign-in­vested com­pa­nies will be guar­an­teed free flow out of China.

The gov­ern­ment will also ap­ply an im­proved work per­mit sys­tem for for­eign­ers work­ing in China. De­tailed guide­lines for visa ap­pli­ca­tion and eval­u­a­tion bench­marks for widened ac­cess to for­eign tal­ent will be de­vel­oped in the sec­ond half of the year. Five-to 10-year mul­ti­ple-en­try visas will be is­sued to qual­i­fied ex­pa­tri­ates.

The Min­istry of Civil Af­fairs re­cently is­sued a guide­line on the work of pre­vent­ing dis­abil­i­ties and help­ing the re­ha­bil­i­ta­tion of peo­ple with dis­abil­i­ties.

The guide­line asked civil af­fairs de­part­ments to im­ple­ment their job re­spon­si­bil­i­ties through five as­pects, in­clud­ing ac­tively par­tic­i­pat­ing in pre­vent­ing cases of dis­abil­ity. Im­prov­ing ser­vices in re­ha­bil­i­ta­tion work and fur­ther pro- mot­ing the research and ap­pli­ca­tions of re­ha­bil­i­ta­tion fa­cil­i­ties are key as­pects of the guide­line.

It also stressed widen­ing the so­cial aid net­work for peo­ple with dis­abil­i­ties as well as in­creas­ing fi­nan­cial aid for peo­ple with se­vere dis­abil­i­ties. So­cial cap­i­tal is also en­cour­aged to par­tic­i­pate in im­prov­ing re­ha­bil­i­ta­tion ser­vices.

The Min­istry of En­vi­ron­men­tal Pro­tec­tion, the Na­tional Development and Re­form Com­mis­sion and the Min­istry of Water Re­sources have jointly is­sued a guide­line doc­u­ment on the preser­va­tion of the en­vi­ron­ment along the Yangtze River Eco­nomic Belt.

These fo­cus on clear reg­u­la­tion on us­ing water re­sources, fully im­ple­ment­ing eco­log­i­cal preser­va­tion and restora­tion, and com­pre­hen­sively im­ple­ment­ing en­vi­ron­men­tal pro­tec­tion of the area to make it more suit­able for living.

It also in­cluded im­prov­ing com­pe­tence in deal­ing with en­vi­ron­men­tal ac­ci­dents and strictly con­trol­ling en­vi­ron­men­tal risks. The guide­line also stressed in­no­va­tive steps for eco­log­i­cal preser­va­tion. istry of Civil Af­fairs have jointly is­sued a guide­line on man­ag­ing char­i­ta­ble trusts. This means a char­i­ta­ble trust sys­tem is tak­ing shape in China.

The guide­line stressed de­vel­op­ing char­i­ta­ble funds into a ma­jor chan­nel of char­ity in China, and to fully uti­lize trust funds and char­ity or­ga­ni­za­tions in run­ning char­i­ta­ble trusts.

The guide­line also stressed pre­vent­ing risk and en­sur­ing that char­i­ta­ble trusts run with rule-based pro­ce­dures.

The guide­line in­cludes nine chap­ters which give de­tails on the set­ting up of char­i­ta­ble trusts, reg­is­tra­tions, rules on man­ag­ing, su­per­vis­ing, chang­ing of char­i­ta­ble funds as well as re­leas­ing nec­es­sary in­for­ma­tion to the pub­lic.

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