I. Application Procedure

The legal person of domestic enterprises and their branch offices in the China (Beijing) Pilot Free Trade Zone may voluntarily choose to apply, through the registration confirmation system of market entities (the "Confirmation System"), for establishment, change (filing for record) or registration cancellation:

1. No need for procedural documents

Procedural and internal management materials such as resolutions, agreements and appointment documents shall not be required, when applicants voluntarily submit a commitment letter pledging that the convening procedure of and voting, equity transfer at the shareholders' meetings and board meetings are in line with the laws, regulations and articles of association, which makes it easier for market entities to invest and start a business.

2. One-click submission and whole-process online service

Registration authorities shall release such documents as the registration material list, commitment letter for the Confirmation System, and the reference version of articles of association on the Beijing Enterprise Registration E-window Service Platform (https://ect.scjgj.beijing.gov.cn). Applicants may log onto the platform to fill in the required information, make a commitment with one click and submit all documents, completing the registration application through the Confirmation System with just a few clicks, without repeated physical visits or paper documents.

II. Voluntary Commitment

1. Respecting market entities and trusting commitment

The Confirmation System no longer emphasizes the registration authorities' functions of reviewing and verifying required documents during the registration. Instead, it fully respects the autonomy of market entities in their operations, and makes the commitment of market entities' highest authorities and legal representatives more effective. After the applicants fill in required materials in accordance with the Confirmation System's standards, market entities' highest authorities and legal representatives shall sign the commitment letter pledging in accordance with the laws that the application represents genuine intention and necessary legal procedures and requirements have been met in accordance with the laws, regulations and relevant policies.

2. Form examination and result confirmation

Registration authorities no longer conduct substantive examination on application documents including the articles of association, but only examine whether the application documents are complete, within the registration scope, within its jurisdiction, and in line with the requirements specified in the Trial Measures of China (Beijing) Pilot Free Trade Zone for the Registration Confirmation System of Market Entities.

After form examination, registration authorities shall confirm the eligible qualification of entities and the result of registration application for market entities making commitment in accordance with the laws and meeting requirements, and publicize the confirmation result on the National Enterprise Credit Information Publicity System.

III. Voluntary Publicity

The Confirmation System emphasizes the credibility of publicizing and encourages market entities to voluntarily publicize matters such as articles of association, actual premises, special business activities and shareholders of unlisted joint-stock limited companies, making counter-parties and the public access easily to relevant information on market entities, and guiding market entities to do business in accordance with the laws and in good faith.

1. Voluntarily publicizing articles of association

Support market entities to publicize the articles of association on such platforms as the National Enterprise Credit Information Publicity System, making it easy for counter-parties and the public to check.

2. Voluntarily publicizing information of shareholders

Support unlisted joint-stock limited companies to publicize shareholders' information on such platforms as the National Enterprise Credit Information Publicity System.

3. Voluntarily publicizing special business activities

Market entities may voluntarily choose to specify and publicize relevant business activities under the item of business scope on such platforms as the National Enterprise Credit Information Publicity System.

4. Voluntarily publicizing actual premises

Market entities may conduct production and operation activities in places other than the registered premises, as long as they publicize the address of actual premises on the National Enterprise Credit Information Publicity System.

From "registration after verification" to "result confirmation", the Confirmation System gives full play to the original role of business registration in "information recording" and "publicity", highlights market entities' primary responsibility and helps unleash market vitality. It is a major breakthrough in the reform of the business system, a profound attempt to let the market play a decisive role in resource allocation, and a powerful initiative to build an effective market and a capable government.