To simplify access to public resources, a unified public resource website in China will provide market entities with a one-stop service on a trial basis.
Information on bidding for construction projects, trading of land-use rights, government procurement and state-owned property rights transactions will all be available from the same source, Yang Shaoliang of the State Information Center said.
The portal is China's latest move toward establishing a unified system of rules, information, expertise and services by the end of June 2017. Since preparations began in November 2015, the site has grown to cover all of China's 31 provincial-level regions and will cover all public resource trading sectors, Yang said at a news conference.
With the new site, market entities will no longer need to explore a patchwork of local websites for information, said Li Kang, head of the National Development and Reform Commission's (NDRC) department of law and regulations, at the press conference.
Credit records of market players will also be integrated and made traceable nationwide. Wrongdoing in one place will lead to limitations in others.
Local authorities will abolish policies that undermine fair competition and the NDRC will carry out random inspections on administrative hurdles.
Certificate authorities (CAs) issuing digital certificates to businesses should strive for the maximum degree of compatibility, Li said, lowering costs for market players.
Building on current pilot programs in five provinces, different digital certificates should be recognizable nationwide by the end of 2017, he added.
The number of public resource markets has dropped by 85 percent since August 2015, when the State Council issued a plan for streamlining.
The new plan orders provinces to integrate their websites to improve efficiency, prevent corruption and allow easier resource access for start-ups and entrepreneurs.
An integrated provincial portal for public resource trading helped Anhui Province lower trading costs by 142.1 billion yuan (20.6 billion U.S. dollars) between January 2015 and October 2016, a local NDRC official said.