These Regulations are enated to regulate the registration and management of market entities, promote the construction of a legalized market, maintain a good market order and the legitimate rights and interests of market entities, and optimize the business environment. The Regulations consist of 6 Chapters: General Provisions; Registration Items; Registration Specifications; Supervision and Management; Legal Responsibilities Supplementary Provisions.
The Regulations apply to all kinds of market entities engaged in business activities for profit in China, including: companies, non-corporate corporate legal persons, sole proprietorships, partnerships, farmers professional cooperatives and their branches, individual Industrial and commercial households, branches of foreign companies, and other market entities prescribed by laws and administrative regulations. Market entities shall register in accordance with the Regulations. Except where registration is not required by laws and administrative regulations, no one may engage in business activities in the name of a market entity without registration.