Relaxing admittance restrictions and requirements Private companies will be encouraged to get involved in basic industries, infrastructure, public utilities, social undertakings, affordable housing, financial, social services. Intellectual property, land tenure, stocks, bonds, and forest rights.
The finance is meant to do the following: encourage all types of financial institutes to set up branches in the new district and support private banks, rural banks, industrial investment banks, and venture capital funds.
Jilin province is to get funds from the national and provincial level to support its new district construction on a priority basis. It can distribute revenues from construction land use and leasing as its wishes and support new land reclamation projects.
Jilin province will guarantee the land needed for the new district in Changchun on a priority basis and will manage all arable land and encourage overall land development and innovative usage in the new district.
To encourage innovation-oriented industrial development and preferential policies for cross-border transportation and customs clearance, Jilin has key projects for the new district, which is itself significant for the Belt and Road Initiative.
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