The Notice on Strengthening the Management of Payment Acceptance Terminals and Related Business No. 259 (“Notice 259”) on October 13, 2021. Issued by the People’s Bank of China and effective from 1 March 2022, this is the first legislation to regulate quick response (“QR”) code payments (Company Collection Payment Codes). Notice 259 require QR code…
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On 24 December 2018, the China State Administration for Market Regulation issued the Notice of Activation of the New Business License Version, Business and Industry Enterprise [2018] No. 253 (Notice 253). From 1 March 2019, entities approved by the registration authority for business registration, business amendments or reissue of a business license shall be issued…
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