The authority responsible for the registration of business entities is the General Administration of State Administration for Market Regulation of the PRC. It administers various legal forms of organizations such as enterprises, partnerships, sole proprietorships and sole proprietorships.
The register contains basic information on enterprises, including:Basic information
: official name, unified code of public creditworthiness (registration number), type of entity, amount of authorized capital, name and surname of legal representative, date of establishment, status (active activity, temporary suspension, liquidation process or deregistration), location (legal address), subjects of activity (specific activities specified in the statute).Information on participants:
names of individuals and organizations that are participants of the organization.Management data:
this section will contain the names of the members of the board of directors (or executive director if the board of directors has not been established), members of the supervisory board (or observers if this board has not been established), and the general director (managing director). History of changes:
information on changes to the registration data, including changes in membership, management, name, address or subject matter.
If an enterprise is included in the list of organizations with irregularities ("grey list") or the list of enterprises with serious offenses ("black list"), such information will be reflected in the state register. In addition, the register may contain data on branches, shareholdings in other organizations, intellectual property rights, licenses, inspections, administrative penalties and debts for the enforcement of court decisions.
In order to get full access to the information, it is required to go through the registration process on the website, during which it is necessary to provide a Chinese phone number and ID number. In the absence of registration, only basic information about the counterparty will be available.
Since 2014, registration authorities in China have been required to enter most information about business entities upon their registration or upon the occurrence of data changes into an open registry. In addition, all business entities are required to submit an annual report and timely disclose certain information (e.g., payment for equity interests and transfer of interests in the company), which must also be included in the registry.REGIONAL REGISTRIES
In China, in addition to the national public registry of business entities, there are also regional online portals designed to disclose information on the creditworthiness of enterprises. Regional registries usually contain duplicate data from the national registry, but may also include additional detailed information that is not disclosed at the federal level but is required to be disclosed under existing regulations.
As an example, the registries of three major cities:
(do not operate outside the PRC)Beijing Regional Registry
Internet portal for disclosing information on the creditworthiness of enterprises in Beijing