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Online CBA: Is the Administration of the Lists of Enterprises with Abnormalities in Operation in Force in Guangdong Province?

Photo: Lists of enterprises with abnormalities in operation
Photo: Lists of enterprises with abnormalities in operation

Q: Is the Administration of the Lists of Enterprises with Abnormalities in Operation in Force in Guangdong Province?

A: In order to enhance the supervision efficiency of industry and commerce administration and market supervision departments, promote corporate integrity and self-discipline, and create good market order, Guangdong province has since 1 December 2015 started implementing the administration of the lists of enterprises with abnormalities in operation.

Industry and commerce administrative departments above county level will include enterprises committing the following acts into the lists of abnormal operations:

1. Failing to publish the company annual report within the prescribed deadline in compliance with the Interim Regulation on Enterprise Information Disclosure;

2. Failing to disclose enterprise information within the deadline prescribed by the industry and commerce administrative department;

3. The enterprise information disclosed conceals the actual situation or is deceptive;

4. The residential address or business venue registered cannot be reached.

Industry and commerce administrative departments above county level are responsible for compiling the lists of enterprises with abnormalities in operation and disclosing publicly the information of these enterprises via the Enterprise Credit Information Disclosure System (Guangdong). Such information includes enterprise name, registration number, date of listing, reason(s) for listing, and deciding authority.

(The HKTDC provides one-on-one China Business Advisory Service free of charge to assist companies in resolving problems encountered when doing business in China. For enquiries and appointments, please call (852) 1830 668 or register online.)

Content provided by Picture: HKTDC Research