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Core Points - The State Administration for Market Regulation announced the implementation of the "Regulations on the Registration and Management of Individual Industrial and Commercial Households" starting July 15, which aims to facilitate the transformation of individual businesses into enterprises and streamline various registration processes [1][2] Group 1 - The new regulations address the challenges faced by individual businesses in transitioning to enterprises, allowing them to retain their unified social credit code, establishment date, name, and relevant administrative licenses [1] - As of the end of March, there are 126 million registered individual businesses in China, indicating a significant market presence that the new regulations aim to support [1] - The regulations enable individual businesses to operate multiple locations under a single business license, facilitating both online and offline operations [1] Group 2 - The regulations also focus on supporting online business operators such as live streamers and e-commerce sellers, ensuring better management and services for their registration and operational activities [2] - The aim is to enhance the integration of online and offline business models, contributing to employment stability and improving livelihoods [2]

Domestic News - The State Administration for Market Regulation announced the implementation of the "Regulations on the Registration and Management of Individual Industrial and Commercial Households" starting July 15, which aims to standardize registration management and protect the legitimate rights and interests of individual industrial and commercial households, promoting their high-quality development [2] - The National Bureau of Statistics reported a 2.1% month-on-month decrease in the price of live pigs in early June, with the price at 14.1 yuan per kilogram [3] - The successful launch of the electromagnetic monitoring satellite "Zhang Heng No. 1" 02 by the Long March 2D rocket from the Jiuquan Satellite Launch Center was reported, marking a successful mission [3] - The completion of the Taibai Mountain Tunnel, a key project of the Meitai Expressway in Shaanxi, was announced, paving the way for the expressway to be fully operational this year [3] International News - Japan's Nippon Steel Corporation announced that U.S. President Trump has conditionally approved its acquisition plan for an American steel company [4] - The Bank of Japan is considering reducing its quarterly government bond purchase scale by 200 billion yen starting in spring 2026 [4] - The third United Nations Ocean Conference, co-hosted by France and Costa Rica, concluded with the release of the "Nice Ocean Action Plan," emphasizing the global commitment to urgent actions for ocean protection [4] - Iran's Foreign Ministry spokesperson stated that Iran has not yet decided whether to participate in the next round of negotiations with the U.S. regarding the nuclear issue, with no substantial progress made in recent talks [4] Company News - GAC Group announced a commitment to ensure the healthy development of its dealers, stating that it will complete dealer rebate payments within two months to promote high-quality development in the automotive industry [4] - Pop Mart in South Korea decided to temporarily suspend offline sales of LABUBU plush toys and keychains due to potential safety concerns, prioritizing customer safety and service quality [5]

Core Points - The new regulations for individual businesses in China aim to facilitate their transformation into enterprises, addressing previous challenges in the process [3] - The number of registered individual businesses in China has reached 126 million as of March 2025, highlighting their significance in the private economy [1] Group 1 - The new regulations allow individual businesses to directly change their registration to become enterprises, preserving their social credit code, establishment date, name, and relevant administrative licenses [3] - This change addresses the previous requirement for individual businesses to deregister and then establish a new entity, which often resulted in the loss of brand reputation and continuity [3] - The regulations are expected to create more opportunities for individual businesses to grow into "small giants" and "unicorns" [3] Group 2 - The regulations simplify the process for individual businesses to migrate across regions, allowing them to change their business location without the need for dual registration [4] - This change is intended to help individual businesses expand their operations and share the benefits of a unified market [4] Group 3 - The regulations also establish guidelines for the inheritance of business rights for individual businesses, supporting the creation of "century-old stores" [5]

Core Viewpoint - The State Administration for Market Regulation has released the "Regulations on the Registration Management of Individual Industrial and Commercial Households," which addresses the current economic situation and the actual needs of individual industrial and commercial households [1] Group 1: Regulatory Changes - The regulations provide detailed provisions for individual industrial and commercial households engaged in online business activities, including registration of business premises, direct change of registration for "individual to enterprise" transitions, inheritance of business rights, cross-regional migration, and market exit for long-term inactive households [1] - Individual industrial and commercial households can now transition to enterprises through change of registration, retaining their unified social credit code, establishment date, name, and relevant administrative licenses, facilitating the transformation and reducing costs associated with transitioning to enterprises [1]

Core Points - The new regulation on individual business registration will take effect on July 15, aiming to standardize the registration process and protect the rights of individual business owners [1] - The regulation is based on existing laws and addresses unique legal attributes and operational characteristics of individual businesses, refining the registration management rules [1] Summary by Sections Registration Rules - The regulation clarifies the jurisdiction for individual business registration, requiring applications to be submitted to the registration authority at the business location [1] - Online business operators must apply for registration at the authority where their residence is located [1] - It specifies that individual businesses can register one or more physical operating locations within the jurisdiction of their registration authority [1] Business Operations - Online operators can register their e-commerce platform as their operating location [1] - The regulation establishes a mechanism for business exit and improves the cancellation process for individual businesses [1] - It introduces a separate management system for individual businesses [1] Service Optimization - The regulation mandates that registration authorities facilitate information sharing and file transfers for businesses migrating across regions [1] - Individual business owners investing in or holding shares in companies must be recognized as shareholders or partners [1] - It allows for changes in business operators or transformation into companies through a change registration process, detailing specific conditions and required documents [1] Inheritance and Legacy - The regulation outlines requirements and documentation for the inheritance of business rights, supporting the establishment of long-lasting businesses [1]