The State Council has decided to cancel 11 more administrative approval items to further simplify administration, according to a circular released on August 3.
Image:http://english.gov.cn/policies/latest_releases/2018/08/03/content_281476247006138.htm
After the cancellation of the approval, Ministry of Human Resources and Social Security (MOHRSS) will be fully responsible to employment services, social security, unemployment registration, labor rights protection, etc, for employees from Hong Kong, Macao, and Taiwan.
By the way, if you encounter any labor issues in China, being cheated by the employers, for example, MOHRSS is the administrative department that can help you. Here is an article includes more details from about the cancellation of work permit China Cancelled Work Permit for Jobseekers from These Regions
Image: http://www.zxjingbao.com/shishang/detail/sortid/1/id/725.html
Corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control.
In China, a company has to go through a series of verification before taking the "Group" title. State Market Regulatory Administration will roll out specific standards and requirements to guide companies how to properly use "Group" when the verification requirement is canceled.
Initially, it is the Industry and Commerce Department to monitor all procedure of record filings for establishing company branches. After the state institutional reform coming into effect, the State Administration for Industry and Commerce is directly under the administration of State Market Regulatory Administration.
The record filings for establishing company branches will be canceled, literally, it is applicable to all types of companies as the document does not make any exclusion, but we sill need to wait for the officially detailed sayings. Meanwhile, the State Market Regulatory Administration and Industry and Commerce Department TWO departments will increase inspections for company affairs.
Originally, applicants required to place an announcement of withdrawing business licenses on media. After the cancellation of the announcement, the applicants are only required to post free announcement on the related administrative department.
A partnership in the People's Republic of China is a business entity governed by the Partnership Enterprise Law. After the cancellation of record filing, instead, the State Market Regulatory Administration and Industry and Commerce Department will build a centralized monitor system to get the updated information of enterprises.
After the cancellation of the initial review, the Ministry of Commerce directly supervises and makes approvals.
New investment opportunity
China opens more sectors to embrace foreign investment, after the cancellation of the approval, foreign investment will be fairly treated as the local investment. Foreign investors can apply for Passenger Transportation License, Cargo Transportation License according to the law and legally own business in the transport sector.
After the cancellation of approval, the Ministry of Transport will announce specific standards on vehicle maintenance business, impose penalties on violations of laws and regulations and establish a blacklist system to record lawbreakers, which is connecting to the current credit system.
Ministry of Agriculture and Rural Affairs will directly handle the examination and approval of aquatic animal and related products and they will strengthen supervision by implement