Chinese premier keen on streamlining approval procedures in FTZs

Chinese Vice Premier Han Zheng speaking during a teleconference on a full-coverage pilot reform that separates business operation permits from business licences in free trade zones with an aim to streamline the approval process for companies and expand market access, in Beijing, capital of China on Dec. 2. -.Xinhua

BEIJING (Xinhua): Chinese Premier Li Keqiang has underlined efforts to push a full-coverage pilot reform that separates business operation permits from business licences in free trade zones (FTZs) with an aim to streamline the approval process for companies and expand market access.

Before the reform, enterprises had to get an operation permit before their business licences, which could be a time-consuming process.