An entrepreneur shows her company's business license
China will work to ensure that the registration of businesses will be entirely processed online before the end of the year in a further move to transform government functions and reinvigorate market entities, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
Business registration will be entirely processed online before the end of the year. Separate registration of corporate domiciles and business premises will be piloted and a company may register more than one business premises.
To ease business operations, expand opening-up and support agricultural and rural development, administrative licensing of 49 items with overlapping examination and approval requirements will be canceled, and the approval authority for four items will be delegated to the provincial level. Where law revision is needed, these new measures will be implemented after the Standing Committee of the National People's Congress approves the proposed law revisions.
An entrepreneur shows her company's business license
