To create a business environment that facilitates innovation and entrepreneurship, the Nanjing Municipal Party Committee and Government have issued policy measures for streamlining administration, delegating power, and decentralization. It has strengthened the measures, further promoted the reform of executive examination and approval to construct a city with the lowest standard of charges and fewest number of items for which there is a fee, the simplest procedures, and highest processing efficiency for enterprises in the Yangtze River Delta area. Nanjing is the first city to cancel all non-licensing approval procedures in China. Nanjing is also the first to issue a parallel examination and approval plan and a process optimization approach. Nanjing will vigorously promote regulation, audits, evaluation, and implementation of investment projects , implement online registration and filing for investment projects, and simplify environmental impact assessments. The average period for processing procedures for investment projects in Nanjing is 45 working days.