China Makes it Easier for New Companies

China has eliminated some registered capital requirements for establishing new companies, the government said on Sunday, in a move to support long-term growth by cutting red tape and supporting small businesses.

Chinese Premier Li Keqiang has in recent weeks emphasized the need for administrative deregulation. Further administrative reforms are expected in the run-up to a key Communist Party meeting scheduled for next month.

The State Council, China’s cabinet, approved the rules at a regular meeting that Li chaired on Friday, according to announcement posted on the council website on Sunday.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.