The new "Company Law" will come into effect on July 1, 2024. The registered capital is “real” and the business environment is more optimized.
Some companies’ investment periods even exceed 50 years and the amount of investment exceeds hundreds of billions, which violates the principle of authenticity and goes against objective common sense. "The healthy development of enterprises depends on being down-to-earth," says Beijing Lingpao International Trading Co. Co. General Manager Xia Di. "Promoting the'solidification' of registered capital will help enterprises establish an image of integrity," says Zhou Xin.