Services: Reform Opening-Up and Beijing

services: Sixteen measures for further reform and opening-up of internet information industry are listed on the capital's schedule, according to Global Times China. Regarding value added services of telecommunications, Beijing will relax the requirements for foreign investment in domestic virtual private network services VPN in the demonstration zones. The plan will be carried out under the city's three-year project of expanding the reform and opening-up in the service industry, The Beijing News reported Thursday. However, the proportion of foreign-invested stocks shall not exceed 50%, in the field of VPN services, the report said. Beijing's local government will provide service platforms to help companies start operation in Beijing, as well as online platforms and updated regulations for big data management and supervision. Regulations issued by China's Ministry of Industry and Information Technology MIIT in January 2017 stipulated that without approval, all basic telecommunication companies and Internet access service providers are barred from setting up or renting special lines including VPNs to carry out cross-border operations. (news.financializer.com). As reported in the news.