Zigong adopts first local regulation to optimize business environment

The city of Zigong, southwest China's Sichuan province, has adopted its first local regulation dedicated to optimizing the business environment. The regulation takes effect on Nov. 1.

The Regulation on Optimizing the Business Environment in Zigong was unveiled at a press conference on Oct. 23. Drafted in accordance with relevant national and provincial laws and regulations, it takes into account the city's industrial characteristics and regional development needs.

The regulation codifies business environment reforms that have proven effective in Zigong over the years. It provides a legal framework to protect the legitimate rights and interests of market entities, regulate government conduct and address challenges facing businesses.

It also supports the development of the Chengdu-Chongqing economic circle by removing barriers to regional coordination. By strengthening legal safeguards for businesses, the regulation aims to stimulate market vitality and boost corporate confidence, while providing legal support for developing the real economy, upgrading industries and improving investment promotion.

The regulation's 27 articles, which are not divided into chapters, focus on making markets more efficient and government more effective, leveraging local strengths and highlighting Zigong's distinctive characteristics.

It sets out targeted and practical measures in areas including the supply of production factors, government services, public services, and regulatory oversight and law enforcement, with the aim of creating a more favorable environment for businesses to operate and grow.