Development and Reform Commission: Launch Shenzhen Stock Index Futures

 Development and Reform Commission: Launch Shenzhen Stock Index Futures

Related news: list of the first batch of authorization items for comprehensive reform pilot project of building socialism with Chinese characteristics in Shenzhen

The main contents of the list of the first batch of authorized items for the comprehensive reform pilot project of building socialism with Chinese characteristics in Shenzhen are as follows.

Serial number


primary coverage

1u3001 On the allocation of market factors


Authorization and authorization of land use examination and approval


We will build a trading platform for natural resources assets and establish a secondary market information release mechanism for land. We will improve the rules of the secondary land market and gradually improve the land market service supervision system with the linkage of the primary and secondary markets.


Pilot project of advance notice registration and transfer system of land secondary market

We should make full use of market mechanism to revitalize stock and inefficient land use. After being authorized by the Standing Committee of the National Peoples Congress, we should focus on the disposal of idle industrial land which has not yet completed 25% of the total development investment. We can optimize the market-oriented allocation of land elements and ensure the transaction security by providing transaction authentication and advance notice registration. Industrial use shall not be changed without approval.


Carry out special working hours management reform pilot


We will promote the reform of the growth enterprise market and implement the pilot registration system, and establish a mechanism for companies listed on the new third board to be listed on the second board.

Shenzhen stock index futures will be launched to continuously enrich the product system of stock index futures.


We will carry out pilot projects for innovative enterprises to issue stocks or depository receipts (CDR) in China

We will improve the system of domestic issuance and listing of innovative enterprises, promote enterprises with innovation leading role to issue shares or depository receipts (CDR) and list on the Shenzhen Stock Exchange, strengthen the information disclosure of innovative enterprises, and protect the legitimate rights and interests of investors.


Optimize the market access environment of private funds

We will promote companies or partnership enterprises engaged in private fund business to adopt the words of unified registered name and business scope, put on record within a time limit after registration, and establish and improve the interconnection mechanism of private fund registration information of market supervision, financial supervision and other departments. We will improve the registration and filing process of private fund managers and private fund products, open up a green channel for qualified managers and fund products, and improve the degree of convenience in access, fund-raising and exit. We should establish a hierarchical and classified supervision mechanism for private funds, improve the custody system of private funds, strengthen the supervision of account behavior, solve the obstacles and problems affecting the protection of investors rights and interests, increase the cost of violation of laws and regulations, constantly improve the risk prevention and control mechanism, learn from the advanced experience of variable capital companies, pilot explore new forms of private funds, and promote the healthy development of private fund industry.


Optimizing the market access of venture capital and enterprises

(1) We should improve the legal environment for the development of venture capital, and encourage Shenzhen to formulate local laws and regulations to promote the development of venture capital. We should optimize the policy and market environment for the development of venture capital, broaden the source of venture capital and market exit channels, promote the two-way opening of venture capital, and create an ecological environment conducive to the development of venture capital.

(2) The registration name and business scope requirements of companies or partnership enterprises engaged in venture capital business shall be standardized, and the business registration of venture capital enterprises shall be completed within a time limit. We will improve the real-time sharing and interconnection mechanism for registration information of venture capital enterprises by market supervision, financial supervision and industry development departments.

(3) Support Shenzhen to establish an international influence venture capital center.


Carry out pilot projects of real estate investment trust funds in the field of infrastructure in accordance with laws and regulations

(1) Public raised REITs will be launched in infrastructure fields such as transportation, water conservancy, logistics and warehousing, and industrial parks.

(2) To explore the effective ways and paths for state-owned enterprises to participate in REITs.


We will explore and improve the market-oriented pricing and trading mechanism of intellectual property rights and scientific and technological achievements

Establish a national comprehensive service platform connecting technology market and capital market to provide one-stop service for the transaction, transfer and transformation of scientific and technological achievements. We will improve the basic functions of right confirmation, registration and publicity, form a market-oriented pricing and trading mechanism for intellectual property rights and scientific and technological achievements, and optimize information management, retrieval and analysis of scientific and technological achievements.


Open up the communication industry step by step

(1) We will open up basic telecommunication business in a safe and orderly manner. We will accelerate the opening of value-added telecommunications business and gradually eliminate restrictions on the ratio of foreign capital shares. To give Shenzhen foreign-funded telecommunication enterprises the authority to examine and approve.

(2) Support Shenzhen to establish early warning, monitoring, analysis and disposal platform for local operators.


Promote the construction of big data platform and related mechanisms

We will support the construction of big data centers in Guangdong, Hong Kong and Macao, study and demonstrate the establishment of a data trading market or rely on existing trading venues to carry out data trading.


Deepening the comprehensive reform of state owned assets and enterprises

(1) We will support Shenzhen to carry out a regional comprehensive reform experiment of state-owned assets and state-owned enterprises, give greater reform autonomy, and encourage the implementation of more flexible and innovative reform measures in line with the actual situation.

2u3001 Business environment


Innovation of international industry and management system of standard organization


We will carry out a pilot program to reform the bankruptcy system

(1) We will try out the pre reorganization system and explore the establishment of a Pan Asia Pacific Regional bankruptcy reorganization center.

(2) It is allowed to explore the cooperation mechanism of cross-border bankruptcy and improve the supporting system of property disposal.

(3) Explore the linkage system between the relevant government departments and the court, and establish a credit repair mechanism.

(4) We took the lead in trying out the bankruptcy system for natural persons and supported the formulation of relevant provisions on personal bankruptcy in Shenzhen Special Economic Zone.

(5) We should improve the withdrawal mechanism of commercial entities and innovate the cancellation system of enterprises.


We will carry out pilot projects to protect new types of intellectual property rights

(1) We will implement a new type of legal protection system for intellectual property rights, and improve the system for protecting the rights and interests of digital intellectual property rights such as Internet information and fair competition.

(3) Reduce the evidentiary requirements of administrative law enforcement to combat the infringement of trade secrets in accordance with law. The introduction of evidence disclosure, evidence obstruction exclusion and superior evidence rules, promoting the wide application of blockchain technology in trial, setting up technical investigators, summarizing and clarifying malicious situations, taking serious circumstances as the basis for determining the multiple of punitive damages, and the compensation amount fully reflects the market value of intellectual property rights.


Innovating the management mode of establishment

(2) Shenzhen is allowed to explore the reform of salary system to encourage cadres to take responsibility.

(4) We will support Shenzhen to actively explore the overall use of various kinds of compilation resources.


Support Shenzhen to carry out the reform of administrative reconsideration system

A local government at or above the county level shall retain only one administrative reconsideration organ, and the government at the same level shall exercise the functions of administrative reconsideration.


Some administrative cases in which the county government is the defendant shall be under the centralized jurisdiction of the grass-roots courts.


Support Shenzhen to make full use of the legislative power of the Special Economic Zone

We will expand the legislative space of Shenzhen Special Economic Zone, give Shenzhen the right of first trial in artificial intelligence, unmanned driving, big data, biomedicine, medical and health, information services, personal bankruptcy and other fields, and support Shenzhen to make full use of the legislative power of the special economic zone for exploration. We will support Shenzhen in pilotless aircraft management and other fields and formulate corresponding supporting measures.

3u3001 Scientific and technological innovation system

We will explore the mechanisms for the initiation, organization, construction, operation, and management of the grand scientific plan for innovation.


Optimizing technology transfer mechanism of scientific research institutions

We will promote universities and scientific research institutions to set up technology transfer departments and bring the transformation of scientific and technological achievements into the classified assessment and evaluation system. We will establish a mechanism for opening scientific and technological achievements of universities, scientific research institutes and state-owned enterprises to the public. In the exploration of giving scientific research personnel the right of ownership or long-term use of scientific and technological achievements, achievement evaluation, income distribution and so on. To explore the transfer and benefit distribution mechanism of patent right of scientific and technological achievements of government funded projects to inventors or designers and small and medium-sized enterprises.


Perfecting the system and mechanism of financial support for scientific and technological innovation

(2) Support Shenzhen to actively develop green finance and financial technology, and apply for the construction of green financial reform and innovation pilot zone.

(3) Support the construction of green technology market-oriented innovation system.

(4) We will explore and improve the organizational system, standard system and information management system of green finance, and promote the integrated development of financial technology and green finance.


Promoting visa convenience for foreign talents

(1) We will support Shenzhen in exploring and formulating standards for identifying high-quality, top-notch and short-term foreign talents, and apply for r-visa for qualified foreign personnel.

(2) We will give Shenzhen foreign high-end talents the right to confirm, and explore and optimize the approval process of work permit and work residence permit for foreigners in China.

(3) It will provide entry-exit convenience for foreign high-level talents to invest in entrepreneurship, lectures and exchanges, and economic and trade activities.


To explore and improve the residence convenience of foreign high-level talents and the occupation list system of short-term talents

Provide permanent residence convenience for foreign high-level talents. We will formulate a list of occupations in short supply, simplify the procedures for foreigners to work in China, and improve the convenience of foreigners coming to work in China.


Shenzhen is given the authority to formulate regulations on the practice and management of overseas professionals under the guidance of relevant departments, clarify the professional conditions and business scope, and allow professionals in finance, taxation, construction, planning and other fields with overseas international professional qualifications to provide professional services in Shenzhen according to relevant regulations. The restrictions on overseas personnel (excluding medical and health personnel) to participate in various vocational qualification examinations shall be relaxed.

4u3001 Opening up


Perfecting the litigation jurisdiction system of foreign commercial disputes

The Supreme Peoples court shall strengthen its business guidance on major difficult foreign-related commercial cases and improve the quality and effectiveness of the trial.


Improve international legal service and cooperation mechanism

Based on the international arbitration institutions of the special economic zones, we will build the Guangdong Hong Kong Macao Bay Area International Arbitration Center, improve the international legal services and dispute resolution mechanism, support the international arbitration institutions in the special economic zone to take the lead in building an international investment joint Arbitration Center, introduce relevant international organizations and world-famous arbitration institutions through cooperation, and establish an exchange and cooperation mechanism between international mediation organizations and mediators.


Carry out the pilot project of the integration of domestic and foreign currency cross-border fund pool

Establish the master account of domestic and foreign currency pool, integrate the function of domestic and foreign currency fund adjustment and collection, manage the cross-border capital flow of the fund pool in a two-way macro Prudential way, allow the funds in the master account to handle the settlement and sales of foreign exchange and related hedging derivatives transactions, keep the gold coin types of cross-border transfer out capital consistent, and implement negative list management on the use of fund pool funds.

First try the local government bond issuing mechanism

Shenzhen is authorized to issue local bonds within the limit approved by the state. We will innovate the mechanism of local government borrowing, and allow Shenzhen to issue offshore RMB local government bonds overseas.


Study and implement the policy of 144 hour visa free for foreign tourists entering the cruise home port and 15 day visa free for cruise group passengers. We will support Shenzhen in setting up international transit areas for passengers at passenger terminals, optimizing entry and exit procedures, and extending customs clearance time at ports. Cancel the customs bond for yacht free travel.

Deepening the reform of international ship registration system


Granting the permission of bonded refueling to international ships


Relaxing access to new drugs in the world

The designated medical institutions operating in 9 cities in the mainland of Guangdong, Hong Kong and Macao are allowed to use the drugs which are urgently needed in clinical practice and have been listed in Hong Kong and Macao (the medical and health service providers of Hong Kong and Macao have set up medical institutions in 9 cities of the Pearl River Delta in accordance with the regulations by means of sole proprietorship, joint venture or cooperation).

Explore and improve the cross-border connection mechanism of medical services

To explore the establishment of international standards for medical personnel training and hospital accreditation.


Expand the autonomy of enterprise postdoctoral station

6u3001 Ecological environment and urban space governance


Optimizing the management mechanism of ecological environment

(1) Shenzhen is authorized to implement the environmental impact assessment system reform. In the areas where regional spatial ecological environment assessment has been carried out, the list of key projects requiring EIA shall be formulated according to the requirements of the ecological environment access list, and the construction projects not included in the list shall be simplified or exempted from EIA.

(2) The authority of Grade A and grade B qualification examination and approval for geological disaster prevention and control units registered in Shenzhen is given.


Explore and optimize the approval mechanism of land use, forest use and sea use for construction projects

Shenzhen is allowed to coordinate the scale and index of land use forest, and explore the total amount control mode implemented according to the planning period after the completion of land and space planning. We will carry out the reform of the examination and approval mechanism of unified receipt, unified handling and unified issuance of land, forest and sea use, and accelerate the realization of multiple examination and integration of multiple certificates. The provincial examination authority of forest land occupation in Shenzhen was given.


(1) Support Shenzhen airport to further enhance the airport capacity under the condition of meeting the requirements.

(2) We will support Shenzhen to set up a mixed ownership reform fund for civil aviation development under the guidance of the national development and Reform Commission, and actively participate in the reform and development of the civil aviation industry.

Source: editor in charge of interface news: Chen Hequn_ NB12679