Beijing implemented a series of measures over the past six years to attract foreign investment, aid cross-border trade and provide internationalized services, fostering a more equitable and convenient business environment for foreign trade and foreign-funded enterprises, according to a report.

The Beijing Business Environment Development Report (2019-24) shows that during those years, Beijing introduced regulations on foreign investment and measures to enhance the city's attractiveness and friendliness toward foreign investors.

The regulations focus on improving the quality of foreign capital utilization, ensuring national treatment for foreign-funded enterprises, and enhancing investment protection, as outlined in the report on the city's business climate development from 2019-24 composed by the municipal government.

Over six years, Beijing reviewed policies that were inconsistent for domestic and foreign investors in areas such as government procurement, standard setting, subsidies, and technology policies to ensure that policies supporting business development were equally applicable to foreign-funded enterprises.

To streamline foreign investment registration procedures, Beijing enabled online facial recognition and bank card verification for overseas registrants. The city's government service hotline 12345 offers assistance in eight languages.

The city also upgraded the "International Web Portal of Beijing" website, the official web portal for the Beijing government. It consolidates more than 500 foreign investment policies and provides more than 300 user-friendly guides. The city also launched an English-language "Beijing Service" WeChat account.

Furthermore, the city prepared English materials such as the Invest Beijing: Beijing Foreign Investment Guide (2023-24) and English videos on the city's investment opportunities and policies. These are available on the International Web Portal of Beijing, WeChat and Sina Weibo.

To address the lengthy and complex procedures involved in processing exports, Beijing Capital International Airport introduced a direct transfer service. It allows domestic cargo to be transferred to warehouses for export operations upon arrival at the airport.

This streamlined process has reduced the number of transfers from four to one, cutting the processing time from 24-36 hours to just four to eight hours and companies' operational costs by 20 percent.

During the past six years, Beijing optimized legal and intellectual property services to better protect and support foreign trade and foreign-funded enterprises.

Beijing is now home to more than 30 bases for training lawyers on handling international cases. A talent pool of internationally oriented lawyers within the Beijing Lawyers Association was established, bringing together legal service organizations and legal professionals with expertise in international domains.

China's first overseas intellectual property public service database was launched in Beijing, providing more than 112,000 pieces of litigation information from 98 countries and regions. It has saved companies an estimated 200 million yuan ($27.3 million) in overseas information procurement costs.