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Today is the first working day with the new Chinese business registration system in effect. We’ve translated a Chinese news piece about the changes below.
The digitisation system and QR codes on the business license are particularly interesting. Hopefully this will usher in greater transparency and openness in China’s business environment.
Starting from the 1st of March, China will put a new version of the business license into use.
Unlike the old business license with its horizontal format, the new one has a vertical format and is the size of an A3 sheet of paper. The new business license reduces and merges its presentation of different business entities into one format with eight specifications. The unified term “Business License” will be used instead of various terms such as “Enterprise and Corporation Business License”.
On the new format business license, the ‘paid-up capital’ field has been removed. Apart from including the ‘name’, ‘legal representative’ and ‘business scope’ fields, a QR field has been added, making it possible to go directly to the website of the company information system and look up information about the company. The two sides of a deal only need to scan the QR codes on each other’s business license, and they can find out about their authenticity. Normal consumers can also use the same method to check the authenticity of a company’s business license.
On the 18th February, the State Council officially launched the “Plan for the Reform of the Capital Registration System”, specifying that the reforms to the capital registration system would be fully implemented on 1st March.
The plan puts forward five aspects for improvement of the business environment:
Whether you are planning a trip to China, researching a specific location, or trying to figure out how bad the Beijing rush hour is, there are plenty of good reasons to use China map websites.
Although most international map websites cover China, these websites face various restrictions which mean they can't provide a service as in-depth as their Chinese counterparts, so it is a good idea to know your options.
In this article we introduce the 8 most useful China map websites, including both international services available in your language, and some impressive domestic websites only available in Chinese.
With the high cost of sending freight by air, and the slow speed of sea freight, Chinese exporters are increasingly utilizing China to Europe freight trains as a means of sending their produce west.
As might be expected, the majority of these trains depart from cities located far from China's coastline and her seaports, but which Chinese cities have the most rail shipments?
We took a look at the data and found that the top 5 cities for China to Europe freight trains are each provincial capitals with huge populations - with Chengdu in Sichuan province leading the way.
This glossary identifies the different Chinese company registration status terms that appear on official Mainland China company records.
If you are trying to find out if a Chinese company's registration has been revoked, cancelled or rescinded we hope the terms in this glossary will be useful to you.
Keep reading to find out about the various Chinese terms used to describe a company's registration status and get our English translations.