Four things that have happened recently are extraordinary!

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Four things that have happened recently are extraordinary!

2019-01-31 10:25:33 139 ℃

Things are changing. The seemingly inadvertent details of

reveal the trend of "ulterior motives". In a few days, at least four meaningful things happened. < p > < p > < EM > 1 < / EM > < / P > < p > Before Vice Premier Liu He went to the United States to negotiate, something happened. On January 25, British Telecom announced that it had become the first international telecommunications company to obtain a national license issued by the Ministry of Industry and Information Technology of China. The two value-added licenses are: China's national IP-VPN license and China's National Internet Service Provider (ISP) license.

The company's article published on its official website said that the two "licences" would enable BT's China Communications Company to sign contracts directly with its customers in the country and charge them in Renminbi. Value-added licences are an important step for British Telecom in China, and many multinational customers need secure connections to expand at home.

On January 29, the Ministry of Industry and Information Technology said that BT had obtained two value-added telecom business licenses in China.

According to Bas Burger, Chief Executive Officer of BT Global Services Department, "Thanks to the cooperation between the Chinese Government and the British Government, we can now provide nationwide services in China, expand the scale, and significantly simplify the process of providing connectivity and other communications services by providing local services and charging." There are three possibilities for BT to obtain its first license:

The first one is probably the earliest application of BT. The second possibility is that Sino-British cooperation in the field of communications is more in-depth. The third possibility is that China and Britain have reached an agreement in some way.

According to media reports, BT had planned to withdraw some of Huawei's existing networks, including the core structure of the UK's domestic emergency department, and to exclude Huawei from the bidding list for its core 5G network equipment supply contract.

BT said it was part of its plan to acquire a company with existing Huawei equipment. The move came after British intelligence agencies and the U.S. government warned British Telecom companies.

In fact, it is almost impossible for BT, which has cooperated with Huawei since 2005, to strip Huawei of its equipment.

According to Xinhua News Agency, a spokesman for BT also said that Huawei remained the "important equipment supplier" for the UK's largest telecom operator's 4G, 5G networks and fixed networks.

2

Liu He's visit to the United States is the second major event, which is of great significance compared with the others.

On January 7, Xinhua News Agency reported that Vice Premier Liu He would visit the United States from January 30 to 31 to hold consultations with the United States on the economic and trade issues between the two countries and jointly promote the implementation of the important consensus of the two heads of state. On January 29, Xinhua News Agency reported that Liu He, led by the Chinese delegation, arrived in Washington on the afternoon of January 28, local time, and would hold high-level consultations with the United States on Sino-US economic and trade issues.

Comparing the time points, it is not difficult to see that the Chinese delegation arrived in Washington the day before.

According to the Xinhua News Agency bulletin, the Chinese delegation is of high specifications. Vice Premier Liu He leads the team, including Yi Gang, the governor of the Central Bank, Ning Jizhe, the vice-chairman of the Development and Reform Commission, Liao Min, the vice-chairman of the Office of Finance and Finance, Zheng Zeguang, the Vice-Minister of Foreign Affairs, Luo Wen, the Vice-Minister of industry and information, Han Jun, the Vice-Minister of agriculture and rural areas, and Wang Shouwen, the Vice-Minister of Commerce and And so on.

In addition to jointly promoting the implementation of the important consensus between the two heads of state, the recent storm in Huawei has resurged, which may also be one of the focus of the talks. As for the outcome of the negotiations between China and the United States, there may be an answer soon. We look forward to good news.

3

The news that British Telecom has obtained the national license issued by the Ministry of Industry and Information Technology is still fermenting, and another major event has taken place, with the opening of the financial industry coming one after another.

On January 28, the Central Bank issued an announcement for the record of S&P Credit Rating (China) Co., Ltd., a wholly-owned subsidiary of S&P Global in Beijing. On the same day, the China Association of Interbank Market Traders also announced acceptance of the registration of S&P Credit Rating (China) Limited to enter the interbank bond market to carry out bond rating business.

has commented that S&P's approval to enter China's credit rating market needs to be considered in the context of reform and opening up. Under such a background, we can affirm that the opening up of China's financial industry to the outside world is not simply to open the domestic market, but to integrate into the mainstream of the international financial market.

means that S&P and other companies entering the international financial market as sole proprietorship companies is only a prelude, and then China's financial industry will prepare steadily and rapidly for integration into the international financial market. To promote the deep integration of domestic financial market and international market, the most basic thing is to achieve the unification of credit and risk pricing standards.

Therefore, from the logic of introducing and going out, the convergence of domestic and foreign credit rating standards is the general trend, which is the deeper positive significance behind S&P's sole proprietorship entering the Chinese credit market.

S&P is coming, and I believe Moody's and Fitch are not far from entering China.

4

The fourth thing is to press the "acceleration button" in foreign investment legislation.

According to Xinhua News Agency on January 30, the second draft of the Foreign Investment Law and related bills were considered by the Standing Committee of the 13th National People's Congress at its 8th meeting from 29 to 30. The draft law was first considered by the Standing Committee of the National People's Congress in late December last year. Two deliberations in more than a month released the signal that foreign investment legislation pressed the "acceleration key". On January 30, the eighth session of the 13th NPC Standing Committee voted to adopt the proposal of the NPC Standing Committee on the draft law on foreign investment, and decided to submit the draft law on foreign investment to the second session of the 13th NPC in March.

40 years ago, at the beginning of reform and opening-up, the Second Session of the Fifth National People's Congress on July 1, 1979 passed the Law on Sino-foreign Joint Ventures, which is the first special law on foreign investment in China. In the 1980s, the Law on Foreign-funded Enterprises and the Law on Sino-foreign Cooperative Enterprises were promulgated one after another. These three laws are called the "Three Laws on Foreign Investment" in China. After the adoption of the Foreign Investment Law,

, it will replace the "Three Foreign Investment Laws" and become the basic law to promote and protect foreign investment in China.

In fact, since 2018, the progress of market access and expanding the scope of foreign investment has accelerated. The Development and Reform Commission and the Ministry of Commerce issued the negative list of foreign investment access in the 2018 edition, and launched 22 open measures in the fields of automobile, finance and telecommunications. On January 22, Meng Wei, spokesman of the National Development and Reform Commission, said at a news conference that market access would be further relaxed and the scope of encouraging foreign investment would be expanded.

As for the establishment of the Foreign Investment Law?

In the official words: "The formulation of foreign investment law is an important measure to implement the strategic deployment of the CPC Central Committee in further expanding the opening-up and promoting the formation of a new pattern of comprehensive opening-up."

"In March 2019, at the meeting of the National People's Congress 40 years after the reform and opening-up, we deliberated on the adoption of the law on foreign investment to show the political courage and historical responsibility of our Party in carrying out the reform and opening-up in the end to the people of the world through practical actions."