人民网
Thu,Nov 7,2013
English>>Business

Editor's Pick

Streamlined business rules open to foreigners: official

(Xinhua)    20:03, November 07, 2013
Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

An industry and commerce official on Thursday reiterated China's new policies to streamline company registration and clarified that they apply to foreign as well as domestic capital.

China will remove the minimum capital requirements for registering a limited liability company or a joint stock company, among other measures, to support small businesses, said Zhang Mao, minister of the State Administration for Industry and Commerce, at a press conference.

Other moves include replacing the annual inspection of companies with a reporting system, loosening controls over sites for business operation, and improving the mechanism to promote business integrity, said Zhang.

In response to a reporter's question on the subject, he added, "Based on the principle of national treatment, the reform measures will apply to foreign-invested companies."

According to Zhang, the measures are part of government efforts to streamline administration, mobilize investment, strengthen the economy and boost employment.

They were first announced following an executive meeting of the State Council on Oct. 25, although a timeline for introducing them has not been specified.

(Editor:LiXiang、Gao Yinan)

We Recommend

Most Viewed

Day|Week|Month

Key Words

Links