Tag: China business

China business: new version of business license goes into to effect, improved format includes QR code

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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China business: corporate seals explained

In practice, the corporate governance of a company in China is established in the utilisation of a company’s corporate seals and company seal policies. The corporate seal, often called a "chop", represents an unlimited power of attorney vested in the holder of the corporate seal(s). Once the seal is affixed to a document, the company…

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