Research On The Optimization Of The Investment System Of China's Free Trade Zone

At present,the trend of world econ omic globalization and regional econom ic integration is deepening,cooperation and development has become the main theme of world economic development.Our experience in years of reform and opening up has gradually realized the im portance of regional cooperation and international cooperation,especially afte r the 2008 global financial crisis,regional and sub-regional cooperation is widely favored by all countries,and s how its vigorous development potential.The establishment of China's free trade zone is in line with the rapid development of the glo bal free trade area,an d is an im portant bridge between China and the international coope ration and regional cooperation.At the same time,in the background of "The Belt and Road" developm ent strategy,the establishment of China free trade zone is an important link between the two markets of domestic and abroad together,but al so to prom ote economic development,an important platform to carry out a ne w round of opening policy.In September 2013,China's first free trade zone China(Shanghai)set up the test area of free trade,free trade zone in the reform of investm ent system,established to access and national treatment before the negative list management of foreign investment access system,the government administrative examination and approval of "one-stop" services for the characteristics of the comm ercial registration system,to cancel the pr ior approval to strengthen it in the post supervision as the core of the supervision system.The investment system of China's free tr ade zone is in line with the rules of international trade and investment,which will play a good role in the es tablishment and implementation of the foreign investment system of other free trade zones in the future.But the current investment system Chinese free trade zone implementation is still in the early stages,the surviving further in a series of problem s to be solved,which also provides research space for th is investment system Chinese free trade zone optimization.Based on New Institutional Econom ics and public econom ics theory,public goods dual spillover perspective,to find the problem,analyze and solve problems as the idea of investm ent system has the basi c characteristics of the general sys tem,investment system optimization should play system of incentive and restraint effectiveness,investment system with international pub lic goods the basic characteristics and investm ent system optimization should play system as public goods dual spillover effect as the research in logic,the integrated use of theoretical analysis method,literature analysis method,historical analysis,comparative analysis,normative analysis and em pirical analysis methods,a detailed analysis on the investment system Chinese free trade zone effect,and the perform ance,specific ideas and suggestions and then put forwar d the free trade zone investm ent system optimization.In this paper,the m ain innovations of China's free trade zone investment system optimization are as follows:The first part is the logical framework of China's free trade zone investm ent system is constructed that based o n the theory of new institutional e conomics and public economics.The author proposes that the optimization of investm ent system Chinese free trade area of the four internal logic:the investment system has the basic characteristics of general system;optimize the investm ent system should play incentive and restraint effectiveness of the system;the basic characteristics of the investment system with international public goods;optimize the investment system should play a dual system as the spillover effect of public products.The second part is the theoretical analysis of the investment system of China's free trade zone from the perspective of dual spillover effects of public goods.Public goods with double spillover effect from the perspective of investm ent system of China free trade zon e analysis,in-depth theory the author believes that the investment system China free trade zone is a domestic and international attribute of public products,and the im plementation of investment system can produce double spillover effect.The dual spillover ef fects of the im plementation of China's free trade zone investment system are as follows:positive radiation effect and diffusion effect.The third part is the e mpirical analysis of China's free trade zone inv estment system to implement the dual spillover effect of quantitative verification.This paper attempts to use empirical analysis method to study the perform ance of China's free trade zone investment system.The empirical results show that more than three years of investment in the im plementation of system Chinese free trade zo ne,has to a certain extent,began to show its positiv e role to attract in vestment,has brought some negative effects but also to th e implementation of investment system of the free trade zone.That is to say,the implementation of the investm ent system of China's free trade zone has a positive a nd negative double spillover effect.The conclusion of the empirical analysis also verifies the author's theory that China's free trade zone investment system has dual spillover effect.The structure and main conclusions of this paper:The first chapter explains the research background and significance of research on the investment system of Chinese free trad e zone of the relevant literature on the free trade zone and the investm ent system of the summary,the research ideas,research methods,research content and framework of the system is introduced.The second chapter d escribes the basic theory,and on this basis,the paper concludes the endogenous logic of China 's free trade zone investm ent system optimization.The third chapter summarizes the history of the evolution of China's free trade zone investment system,and gives a de tailed description of the status and characteristics of the free trade zo ne investment system.At the same tim e,the investment system and transaction cost analysis framework of supply and dem and,supply and dem and that the investm ent system Chinese free trade zone disequilibrium,institutional arrangements and reduce transa ction costs still need to continue to optimize the system is imperative under the situation.The fourth chapter m akes an in-depth theoretical and practical analysis of the foreign investment access system of China's free trade zone investment system.It is concluded that the reform of the system of foreign inv estment access in the free trade zone has made some achievements,but there are still some problems that need to be improved in the form of the negativ e list,the content of investm ent and the caliber of investment.At the same time,the foreign investment access system of the free trade area can produce double spillover effect,and the path of the reform of the foreign investment access system in the free trade area has the path dependence phenomenon.The fifth chapter analyzes the theo ry and practice o f the comm ercial registration system of China's free trade zone investment system.Research shows that the implem entation of commercial registration system fully e mbodies the concept of the administrative examination and approval system caused by excessive attention to the se curity to attach importance to the tran sformation of the system efficiency,the comm ercial registration system of the im plementation of the administrative examination and approval of the "one-stop" services,play a significant role to reduce the transaction costs and motivation effectiveness.The sixth chapter m akes an in-depth theoretical and practical analysis on the supervision system of China's free trade zone investment system.The study believes that the core of the post regulatory syst em is to build a governm ent regulation,industry self-regulation,corporate contro 1,social supervision,"four in one"regulatory system.In fact,after the implementation of the regulatory system to play the system of incentive and binding effectiveness.The seventh chapter makes an empirical analysis on the performance of China's free trade zone investment system.Research shows that the investment system of the free trade zone implementation has shown its positive role in attracting investment to a certain extent,with the passag e of time and the continuous im provement of the system,the long term,the positive external effect of inve stment system of the free trade zone will gradually expand,the negative external effect will increase as the balanced development of regional free trade zones and gradually convergence.The eighth chapter m akes a detailed description of the idea s and Countermeasures of China's free trade zone investment system optimization.The main recommendations:improve the prudent investment access system,strengthen the top-level design of the neg ative list;actively improve th e commercial registration system,reduce transaction cost s,improve administrative efficiency;to continue to explore innova tive things in the post regulatory system,improve the regulatory constraints and incentive effect.