Research on the Innovation of the Foreign Investment Management System in Chongqing Pilot Free Trade Zone

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Abstract

Amid the wave of economic globalization and institutional opening-up, based on transaction cost and institutional change theory as well as regional development and regional innovation theory, this paper constructs a “theory-empirical-countermeasure” framework. It evaluates the effectiveness of the innovation of the foreign investment management system in Chongqing Pilot Free Trade Zone (FTZ) through questionnaires and empirical analysis. The results show that the “negative list” and the reform of “streamlining administration, delegating powers, improving regulation, and optimizing services” have achieved remarkable results, despite challenges. Therefore, this paper brings up suggestions such as strengthening integration, highlighting characteristics, and aligning with international standards.

References

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