Skillful Craftsman Education Technology : Annual Report (SEC Filing - 20-F) marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
The following matters of a commercial entity shall be subjected to filling administration:
Articles of association or agreement;
Scope of business;
The liaison for commercial registration management
What are the changes introduced?
Establishment documentation simplified
The 2020 Rules have simplified the documentation requirements in company establishment registration.
It no longer requires the applicants to submit “Notice of Name Pre-Approval”, “Information Materials of Domicile or Business Site” and “Documents of Appointment of the Responsible Persons, Senior Managers, and other relevant members”.
Instead, applicants can merely provide this information when they file applications online. Our professional services team experienced the benefits of this convenience when assisting a client wanting to establish a new WFOE in Shenzhen in the middle of March this year.
Shenzhen Implements New Rules on Commercial Registration, More Friendly to FDI china-briefing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from china-briefing.com Daily Mail and Mail on Sunday newspapers.
China Regulators Remove Restrictions on Insurance Fund Investment
China
December 11 2020
On November 12, 2020, the China Banking and Insurance Regulatory Commission (“CBIRC”) issued a new rule with regard to removing industry restrictions on financial equity investment by insurance companies. The newly released Notice on Matters Related to Insurance Fund Financial Equity Investment (the “Notice”) took effect on November 12, 2020 and is consistent with the speech made by China Premier Li Keqiang on July 15, 2020, calling for the “cancellation of industry restrictions for insurance funds undertaking financial equity investment.” Chinese insurance companies are some of the biggest in the world by market capitalization. This new Notice is undoubtedly good news to relevant industries and companies.