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Q&A Regarding Confirmation System of Market Subject Registration in the China (Beijing) Pilot Free Trade Zone

Answer
Q:
What does the confirmation system of market subject registration refers to?
A:
The confirmation system refers to the registration mode of market subject based on independent declaration and credit commitment, supported by standardized and intelligent registration, guided by formal examination and result confirmation, and guaranteed by credit supervision and punishment for breach of promise.

Q:
Which enterprises can apply the confirmation system of market subject registration?
A:
The legal corporation of domestic funded company system (except listed companies) and their branches in the Beijing Pilot Free Trade Zone can apply the confirmation system of market subject registration to handle the registration of establishment, change (filing) and deregistration.

Q:
What are the characteristics of the confirmation system of market subject registration?
A:
The applicant can fill in the form online, make a commitment with one click and submit it comprehensively to complete the application for confirmation registration. There is no need to repeatedly offline running and submit paper materials, facilitate the investment and entrepreneurship of market subjects.

Q:
What does formal examination refers to?
A: The registration authority will no longer check the contents of the Articles of Association, and will not conduct substantive examination of the application materials. It will only conduct formal examination whether the application materials fall within the scope of registration, whether they fall within the jurisdiction of the registration authority, whether the filling results are complete, and whether the documents meet the formal requirements of the relevant regulations.

Q:
When will the confirmation system of market subject registration be implemented?
A: According to the Tentative Procedures for the Confirmation System of Market Subject Registration in China (Beijing) Pilot Free Trade Zone, the  confirmation system of market subject registration will be implemented from September 1, 2022, with a trial period of two years.

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