Core Viewpoint - The "Efficient Completion of One Thing" initiative aims to reduce the burden on enterprises and optimize the business environment, while enhancing regulatory efficiency and modernizing government governance [1] Group 1: Government Initiatives - The initiative is led by the Weifang Market Supervision Administration, focusing on integrating reforms to transform government functions and streamline enterprise data reporting [1][2] - The program involves collaboration among ten departments, including tax, customs, and commerce, to address issues like multiple system logins and redundant data submissions [1][2] Group 2: Data Reporting Improvements - The initiative has consolidated data reporting from ten systems to a single entry point, significantly reducing the reporting burden on enterprises [2] - A total of 243 reporting fields have been eliminated, achieving an average reduction rate of 42%, with financial data reporting reduced by nearly 70% [2] Group 3: Quality Enhancement - The reform has improved data quality by minimizing repetitive data collection and ensuring consistent information across government departments [3] Group 4: Regulatory Framework - The "Double Randomness, One Disclosure" regulatory framework has expanded its scope, increasing the number of industries and inspection items, thereby enhancing regulatory efficiency [4] - The integration of credit risk classification into the regulatory process has led to a 100% application rate for 383 inspection items, optimizing the frequency of inspections based on credit risk levels [4] Group 5: Cross-Departmental Supervision - Weifang has implemented a comprehensive regulatory framework across 47 industry sectors, promoting collaborative supervision and service measures [6] - The initiative has successfully passed several pilot tasks, demonstrating effective cross-departmental regulatory practices [6]