China News Network, March 3 (Zhongxin Financial Reporter Xie Yiguan) On March 28, the State Administration for Market Regulation held a regular press conference in the first quarter of 3, Yu Jun, spokesperson of the State Administration for Market Regulation and director of the Department of News and Publicity, said that on March 28, 2023, the State Council decided to officially implement the Regulations on the Registration and Administration of Market Entities nationwide. By the end of 2022, there were 3 million registered market entities nationwide, an increase of 1.2022% over the end of 1.

According to Ren Duanping, director of the Registration Bureau of the State Administration for Market Regulation, since the first year of the implementation of the Regulations on the Registration and Administration of Market Entities, first, registration has been more convenient and efficient. After the promulgation of the Regulations, in order to ensure the implementation of various institutional measures. The State Administration for Market Regulation simultaneously formulated and implemented the supporting provisions "Detailed Rules for the Implementation of the Regulations on the Registration and Administration of Market Entities", which, on the one hand, reduced the application, review and notification documents of market entities by nearly half, and eliminated six supporting materials, significantly reducing the handling costs of market entities. On the other hand, the Regulations abolish the acceptance link, implement formal examination and on-the-spot registration, and provide institutional support for all localities to improve registration efficiency and shorten the time for enterprises to start.

The second is to facilitate market entities to better adapt to market changes. On the one hand, a business closure system was created. In 2022, a total of 23184,<> market entities nationwide will file with the registration authority for business closure, and more market entities are gradually familiarizing themselves with and using the business closure system to achieve "shutdown and guarantee", calmly facing their own business difficulties. On the other hand, it provides convenience for market entities to operate across regions. The Regulations clearly require that the registration authority of the place of relocation shall not refuse to hand over relevant materials such as the archives of market entities without legitimate reasons.

Third, the exit channels of market entities are smoother. The new simplified deregistration procedure clarifies that after a market entity submits an application and makes a public announcement, if no objection is received, the entire cancellation process can be completed in as little as 21 days. In 2022, 246.9 million enterprises (including farmers' professional cooperatives) withdrew from the market through the simplified deregistration procedure, accounting for 69.5% (355.2 million households) of the total deregistration in the same period, accounting for 55 percentage points higher than last year (1.14%), and the simplified deregistration procedure was generally welcomed. (End)

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