Core Points - The implementation of the "Mandatory Company Deregistration System" aims to streamline the process of deregistering companies that have ceased operations, enhancing the efficiency of the deregistration process and protecting the rights of all parties involved [1][2][3] - The new regulation is part of broader reforms to improve the company exit system, as highlighted in the decisions from the 20th National Congress of the Communist Party of China [1] - Companies that have not applied for deregistration three years after their business licenses are revoked or closed will be subject to this mandatory deregistration process [1][2] Summary by Sections Purpose of the Regulation - The regulation is designed to provide clear operational guidelines for the deregistration of companies that are no longer active, thereby improving the overall market environment and ensuring orderly company registration [1] - It aims to address the issue of "zombie" companies that are no longer conducting business but remain registered [1] Deregistration Process - The process involves a bulk announcement for companies proposed for mandatory deregistration, with a 90-day period for stakeholders to raise objections [2] - If no objections are raised or if objections are deemed invalid, the company will be deregistered, and its business license will be voided [2] - The regulation emphasizes the need for improved information sharing and collaboration among various governmental departments to facilitate the deregistration process [2] Protection of Stakeholder Rights - The regulation ensures that the rights of creditors and other stakeholders are protected, stating that the responsibilities of original shareholders and liquidators remain intact even after deregistration [3] - It allows for the restoration of company registration under certain circumstances, such as ongoing legal disputes, to safeguard public and national interests [3] - The implementation of this regulation is expected to free up market resources, reduce administrative and judicial costs, and promote healthy market competition [3]

Core Points - The implementation of the "Mandatory Company Deregistration System" aims to streamline the process of company exits and enhance the efficiency of deregistration procedures [1][2][3] - The new regulations are designed to protect the rights of creditors and stakeholders, ensuring that the responsibilities of original shareholders are not absolved upon mandatory deregistration [3] Group 1: Purpose and Background - The "Mandatory Company Deregistration System" was introduced to support the reform of company exit mechanisms as outlined in the decisions from the 20th National Congress [1] - The regulation provides clear operational guidelines for cleaning up companies that have been inactive for over three years, thus addressing the issue of "zombie" companies [1] Group 2: Deregistration Process - The process for mandatory deregistration includes a 90-day public announcement period, during which stakeholders can raise objections [2] - If no objections are raised or if they are deemed invalid, the company can be deregistered, and its business license will be voided [2] Group 3: Legal and Economic Implications - The regulation emphasizes that mandatory deregistration does not equate to a release from legal responsibilities for shareholders and liquidators [3] - The implementation of this system is expected to free up market resources, reduce administrative and judicial costs, and enhance market competition, contributing to high-quality economic development [3]

Core Viewpoint - The implementation of the "Mandatory Company Deregistration System" aims to streamline the process of deregistering companies that have ceased operations, thereby enhancing market efficiency and protecting stakeholder rights [1][2][3]. Group 1: Purpose of the Regulation - The regulation is introduced to support the reform of company deregistration as outlined in the decisions from the 20th National Congress, focusing on improving the exit system for companies [1]. - It provides clear operational guidelines for the deregistration of companies that have been inactive for over three years, thus addressing the issue of "shell" companies [1]. Group 2: Deregistration Process - The regulation specifies a standardized process for mandatory deregistration, including a 90-day public announcement period during which stakeholders can raise objections [2]. - If no objections are raised or if objections are deemed invalid after the announcement period, the company can be deregistered, and its business license will be voided [2]. Group 3: Protection of Stakeholder Rights - The regulation emphasizes the protection of creditors and stakeholders, clarifying that the responsibilities of original shareholders and liquidators remain intact even after mandatory deregistration [3]. - It allows for the restoration of company registration under certain circumstances, ensuring that legal obligations are not evaded through the deregistration process [3]. Group 4: Economic Impact - The implementation of this regulation is expected to free up market resources, reduce administrative and judicial costs, and promote a competitive market environment [3]. - It aims to facilitate the "survival of the fittest" principle in the market, thereby enhancing economic growth and stability [3].

Core Viewpoint - The implementation of the "Mandatory Company Deregistration System" aims to streamline the process of deregistering companies that are no longer operational, thereby enhancing market efficiency and protecting stakeholder rights [1][2]. Group 1: Purpose of the Regulation - The regulation is introduced to support the reform of company deregistration as outlined in the decisions of the 20th National Congress, aiming to improve the exit system for companies [1]. - It provides clear operational guidelines for the deregistration of companies that have been inactive for over three years, thus addressing the issue of "zombie" companies [1]. Group 2: Deregistration Process - The regulation specifies a batch announcement process for companies subject to mandatory deregistration, with a 90-day announcement period [2]. - During this period, stakeholders can raise objections through the national enterprise credit information public system or in writing, and the registration authority will review these objections [2]. - If no objections are raised or if they are deemed invalid, the registration authority can proceed with the deregistration, rendering the company's business license void [2]. Group 3: Protection of Stakeholder Rights - The regulation emphasizes the protection of creditors and stakeholders, clarifying that the responsibilities of original shareholders and liquidators remain unaffected by the deregistration [3]. - It prevents individuals from using the deregistration process to evade legal obligations, ensuring that original shareholders still bear their financial responsibilities [3]. - The regulation allows for the restoration of company registration under certain circumstances, such as ongoing legal disputes, upon request from relevant parties [3]. Group 4: Economic Impact - The implementation of the regulation is expected to release a significant number of company names and other market resources, reducing administrative and judicial costs [3]. - It aims to facilitate a competitive market environment, promoting the "survival of the fittest" principle and enhancing overall economic development [3].

Group 1: Transportation and Digitalization - The national railway passenger transport sector will fully implement electronic invoices starting from October 1, 2023, eliminating paper reimbursement vouchers for travelers, while continuing to provide printed "travel information prompt slips" [1] - From October 1, 2023, domestic civil aviation routes will uniformly use electronic travel itineraries, discontinuing paper itineraries, with a transition period until December 1, 2024, when electronic itineraries will be fully promoted [4] Group 2: Regulatory Changes - The 16th meeting of the Standing Committee of the 14th National People's Congress approved the revised Anti-Unfair Competition Law, effective from October 15, 2025, focusing on preventing "involution" in the digital economy and enhancing fair competition [2] - The State Administration for Market Regulation has established the "Implementation Measures for Mandatory Company Deregistration," effective from October 10, 2023, detailing the mandatory deregistration process and the rights of stakeholders [5] Group 3: Healthcare and Quality Management - The National Medical Products Administration released the "Quality Management Specifications for Online Sales of Medical Devices," effective from October 1, 2025, providing guidelines for online sales and quality management for medical device companies [7] Group 4: Agricultural and Environmental Regulations - The Ministry of Natural Resources and the Ministry of Agriculture and Rural Affairs jointly issued the "Management Measures for the Protection of Permanent Basic Farmland Red Lines," effective from October 1, 2023, establishing regulations for the designation of permanent basic farmland reserve areas [8] - The Ministry of Agriculture and Rural Affairs issued new standards for animal quarantine marks and certificates, with the new version effective from October 1, 2025, and the old version to be phased out by January 1, 2026 [10]

Group 1 - The newly revised Anti-Unfair Competition Law of the People's Republic of China will take effect on October 15, 2025, focusing on preventing "involution" type of malicious competition in the digital economy, such as forced low pricing and data infringement [1] - The law explicitly prohibits unauthorized use of others' new media accounts, application names, or icons, and regulates the abuse of search keywords [1] - The law emphasizes the importance of preemptive measures and fair competition values [1] Group 2 - From October 1, 2023, the railway passenger transport sector will fully implement electronic invoices, eliminating paper reimbursement vouchers for travelers [2] - The transition to electronic invoices aims to enhance convenience for travelers, including those from older demographics and those without internet access [2] Group 3 - The State Administration for Market Regulation has introduced the "Implementation Measures for Mandatory Company Deregistration," effective from October 10, 2023, which outlines a batch announcement process for companies facing mandatory deregistration [3] - The measures include a 90-day announcement period and stipulate that objections to the deregistration process will halt the procedure [3] - The measures also allow for the resumption of deregistration procedures if a company fails to apply for deregistration within three years after being restored [3] Group 4 - The National Medical Products Administration has released the "Quality Management Specifications for Online Sales of Medical Devices," effective from October 1, 2025, which provides guidelines for managing online sales of medical devices [4] - The specifications require online medical device sellers to display business and product information and strengthen quality management systems [4] Group 5 - The Ministry of Natural Resources and the Ministry of Agriculture and Rural Affairs have jointly issued the "Management Measures for the Protection of Permanent Basic Farmland Red Lines," effective from October 1, 2023, which clarifies regulations regarding the designation of permanent basic farmland reserve areas [6] - The measures prioritize the inclusion of newly added arable land and high-standard farmland into the reserve areas [6]

Core Points - The newly implemented "Mandatory Company Deregistration System Implementation Measures" aims to standardize the mandatory deregistration process and improve the exit mechanism for business entities, effective from October 10, 2023 [1][2] - The revised Company Law establishes the mandatory deregistration system, allowing registration authorities to deregister companies that have not applied for deregistration three years after their business licenses are revoked or they are ordered to close [1][2] Group 1: Implementation Measures - The measures detail the mandatory deregistration process, including announcements, objection applications, review procedures, and the termination of deregistration processes [2] - A bulk announcement method for proposed mandatory deregistration will be used, with a notification period of 90 days [2] - Objection applications will undergo formal reviews, and if objections are raised by relevant parties, the deregistration process will be halted [2] Group 2: Legal and Administrative Provisions - The registration authority can use public announcements to deliver deregistration decisions to companies that cannot be contacted through their registered addresses [2] - If a company has not applied for deregistration three years after being restored, the registration authority can initiate the mandatory deregistration process again [2] - Legal responsibilities are established to prevent the abuse of objection procedures [2] Group 3: Information Sharing and Collaboration - The measures emphasize the need for enhanced information sharing between the company registration authority and other departments, improving the efficiency of the mandatory deregistration process [3]