In recent years, Jiangsu has promoted the business environment for small and medium-sized enterprises by promoting the reform of government functions, thereby stimulating market vitality, enhancing mass entrepreneurship and innovation, as is evidenced by the increasing number of market players at nearly 10 million.
Jiangsu Disa Princess Culture and Creative Industry Co., Ltd. is an e-commerce company specializing in girls' products. In response to the increasingly fierce online sales competition, the company began to establish offline stores since 2015.
What was beyond expectation is that that the time spent on registering the subsidiary was greatly reduced compared with when the company was inaugurated, which has resulted from the 26 policies released by Yangzhou City to promote the development of the private economy.
In recent years, market supervision departments in Jiangsu have taken the deepening of the reform of the business system as an important measure to promote supply-side structural reforms and promote the innovation of small and micro enterprises.
In terms of business registration, the authorities have deepened the "multi-certification integration" reform by implementing a set of reforms such as name declaration, full-line electronic registration, enterprise cancellation facilitation reform, registration commitment, and bank agent.
At the same time, the authorities have actively explored and constructed a new market supervision mechanism supplemented by key supervision and based on credit supervision to reduce direct inspection of enterprises. Through the multiple efforts, in the first half of this year, the number of market players in Jiangsu exceeded 9.7 million, ranking second in China.
Xue Ronggang, Director of the Registration and Guidance Division of the Jiangsu Provincial Market Supervision Administration, said that building a full-chain-link platform will reduce the time spent on registration and save the institutional costs of enterprises, effectively stimulating the vitality of market players.
China will soon release a national regulation on bettering the country’s business environment. This is to establish a basic framework of norms for a business environment that treats all market players-domestic and foreign-as equals, and to provide institutional safeguards, in the form of government regulation, for investment and business operation by all types of market players.
The draft regulation was adopted at the State Council’s executive meeting chaired by Premier Li Keqiang on Oct 8. In light of the actual needs of market players, the new regulation focuses on transforming government functions, draws upon advanced international standards, and seeks to codify the experience and practices proved effective from past reforms.
