The People’s Government of Sichuan Province has recently issued the Suggestion on Deepening Opening-up and Expanding Investment, which proposes 28 policies in terms of opening wider, strengthening policy support, facilitating the investment, protecting the Intellectual Property Rights, and promoting coordination.

　　According to the related departments, experts and enterprises, the Suggestion, with three months of gestation, on the premise that the current preferential policies do not change, has aroused numerous innovative supporting policies by combining with the systematic promotion of comprehensive innovation and reform and the construction of Pilot Free Trade Zone to improve the comparative competitiveness of Sichuan on attracting foreign investments and build Sichuan into an investment destination.

　　“The Suggestion highlights on the fact that, local areas are able to establish preferential policies to attract investment within the legitimate limit of authority,” said official of the Department of Commerce of Sichuan Province. It indicates that local areas are bestowed with more autonomy in customizing preferential policies.

　　The official of the Development and Reform Commission of Sichuan Province complemented that, in terms of the items related to local authority, the Suggestion expands space for cities to customize policies and explore breakthroughs. For example, “the rewards for the projects brought are determined by the local governments.”

　　Special funds for some industries will be integrated and properly increased. If much progress is made in or the project is well implemented for investment attraction, the local governments will be rewarded; the local areas are allowed to grant diversified subsidies to the projects brought in, su as implementing One Project, One Discussion and One Enterprises, One Policy for major projects; a fault-tolerant mechanism for investment attraction will be explored and established. According to the official of the Investment Promotion Bureau of Sichuan Province, the above policies are proposed for the first time, which specifies the incentive mechanism to ease burden for the cities and solves problems for attracting investments.