China expands improvement of business permits to enhance market entities


(MENAFN)A State Council circular issued on Thursday, June 3, stated that a full-coverage listing-management system will be implemented for enterprise-linked business licensing items countrywide starting from July 1.

The circular revealed that at the same time, more improvements of the examination-and-approval system will be started in pilot free trade zones (FTZs).

A digital-license system for businesses will be obtainable countrywide by the end of 2022, with paper materials no longer needed if the target information can be obtained via the digital-license system.

By the end of next year, a simplified, highly proficient, fair and transparent industry-access rule with a low threshold and strict organization will be recognized in an effort to make administrative operations more convenient and predictable for market entities.

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