Company Annual Examination Is Over?

annual exam
The answer is YES!

The annual inspection system executed in China for long will be put to an end next month. SAIC (State Administration for Industry and Commerce) announced yesterday that the annual inspection process will be ceased from March 1st for the licensed companies as limited liability companies, joint stock companies, legal bodies of private companies, partnership business, individual proprietorship and their branches, foreign enterprises operating activities in China and other operating units.

According to the newly released Reform Plan of the Registration System of Registered Capital by the State Council, the annual inspection system of enterprises will be change