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Local regulators in N.China's Shanxi authorized to handle registeration of foreign-funded firms

March 30, 2021


Abstract : Local market regulators in North China's Shanxi province have been authorized by the State Administration for Market Regulation (SAMR) to examine and approve the registrations submitted by foreign-funded firms within the province.

Shanxi.JPG

Photo taken on Dec. 12, 2020 shows the train D4665 at the Jincheng East Railway Station in Jincheng City, north China's Shanxi Province. A new high-speed passenger railway linking Zhengzhou, capital of Henan Province, and Taiyuan, capital of Shanxi Province, started operation on Saturday. (Xinhua/Li An)

BEIJING, March 30 (Xinhua) -- Local market regulators in North China's Shanxi province have been authorized by the State Administration for Market Regulation (SAMR) to examine and approve the registrations submitted by foreign-funded firms within the province, reported the local newspaper, Shanxi Daily, on Monday.

According to the report, 11 cities and other demonstration zones in the province will start to handle the registrations of foreign-funded enterprises by setting up special service windows at local bureaus of administration services as from April 1.

As a result, foreign enterprises and its branches based in the province could finish their registations in local areas.

This will make it convenient for foreign investors to run businesses in Shanxi as a move to improve the business environment of the province.

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

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Keyword: Shanxi foreign enterprises

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