TheGeneralOfficeoftheCommunistPartyofChina(CPC)CentralCommitteealongwithChina'sStateCouncilonSundaypublishedanactionplantoguidethebuildingofahigh-standardmarketsysteminthenextfiveyears.Theplanindicatesthatbuildingahigh-standardsocialistmarketsystemisofgreatsignificanceinconstructinga"dualcirculation"economicdevelopmentpattern,wheredomesticdevelopmentistakenasthemainstay,anddomesticandinternationaldevelopmentreinforceeachother.Propertyrightsprotection,whichincludesprotectingpropertyrightsonanequalbasis,willbeimproved,regardlessofthepublicorprivateownershipstatus,andthejudicialsysteminpropertyrightsprotectionwillalsobestrengthened.TheplanreiteratesthatChinaallowsforeigncapitaltohavemajoritycontrolinjoint-venturebanks,orsecurities,whileassetmanagementcompaniescanbewhollyforeign-ownedorjointlyowned,addingthatChinaisformulatingmeasuresinmanagingbondissuancebyoverseasinstitutionsinthedomesticbondmarket.WideningaccessTheplancallsforanorderlyopening-upoftheserviceindustry,withthemedical,educationandenvironmentalprotectionsectorstakingthelead.Meanwhile,marketaccessrestrictionswillbereduced.Italsocallsforcarryingoutpilotprojectstowidenmarketaccessinselectedregions,suchastheHainanFreeTradePortandtheGuangdong-MacaoIntensiveCooperationZoneinHengqin.Thepre-entrynationaltreatmentandnegativelistmanagementsystemwillbeimproved,includingreducingthenegativelistforforeignaccess,whilefurtherexpandingthelistofsectorswhereforeigninvestmentisencouraged.RevisedbyChineseauthoritiesonanannualbasis,thenegativelistspecifiesindustrieswhereforeigninvestors'activitiesarerestrictedorprohibited,indicatingthatindustries,fieldsandbusinessesnotonthelistareopenforinvestmenttoallmarketplayers.Theplanpointstocreatingafairmarketenvironmentinwhichdomesticandforeignenterprisesaretreatedequally,andamarket-oriented,legalizedbusinessenvironmentthatmeetsinternationalstandards.Itcallsforpublishingguidelinesonoverseasanti-monopolycomplianceforenterprises,andstrengtheninganti-monopolyregulationsinnewbusinessfields,suchastheplatformeconomyandsharingeconomy.Chinavowstostrengthenanti-monopolyeffortsandpreventthedisorderlyexpansionofcapitalthisyear.Thecountryunveileddraftanti-monopolyruleslastNovemberonitsonlineeconomy,includingdetailedinformationaboutdisclosurerequirements.TheStateCouncilthenapprovedtheestablishmentofaninter-ministerialcommittee,aimingtoenhanceeffortstocombatunfaircompetition.Earlierthismonth,thecountrylauncheddraftregulationsaimedattougheninganti-monopolysupervisionofpaymentservicesbynon-bankinstitutions.