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China's Chongqing Optimizes Business Environment with One-Minute Business Registration

By YUTING CHEN|Feb 01,2023

Chongqing - Chongqing is one of the first six cities to implement pilot work on business environment innovation in China, focusing on creating a world-class business environment and enriching the high-quality development of the regional economy.

To create an optimal business environment, the Chongqing Municipality in Southwest China has implemented corresponding measures regarding enterprise registration and building a fair market.

Business registration completed in one minute

On January 29, the Conference on Optimizing the Business Environment 2023 in Jiangbei District was held at Jiangbei Administrative Service Center, aiming to create an optimal business environment zone.

Tong Tingwu, an entrepreneur from Jiangbei, planned to open a hot pot restaurant in Jiangbei. He knows from the Market Supervision and Administration of Jiangbei that the Jiangbei Government Affairs Service Center has a 24-hour intelligent service terminal.

Tong said in less than one minute, he completed the registration and obtained the business license.

Citizens are using a 24-hour intelligent service terminal for business registration. (Photo / Upstream News)

By clicking “Start Processing,” filling out the form, and completing face detection and confirmation, the system will conduct anthropomorphic verification of the legal compliance of data information and application materials. 

The applicant can obtain a paper business license on the spot by registering individual industrial and commercial enterprises with complete materials that meet the requirements.

This is Chongqing’s first self-service intelligent service terminal for individual industrial and commercial enterprises. 

Electronic submission of tender reduces the financial burden

In the World Bank’s business environment evaluation system, the market competition order reflected in the invitation to tender and submission of the tender process is one of the important evaluation indicators of fairness and openness.

The relevant person from Chongqing Municipal Development and Reform Commission said that the electronic invitation to tender and submission of tender now can implement the release of bidding plans, contract signing, and contract changes online, and basic information can be released publicly.

Compared with the past, enterprises needed to pay hundreds of thousands of yuan or even millions of yuan in deposits to enter the bidding platform for trading, which invisibly increased the liquidity costs of enterprises. 

Introducing the electronic invitation to tender and submission of tender not only improves the efficiency and ensures the fairness of invitation to tender and submission of tender but also reduces the financial burden for all participating enterprises.

Furthermore, facilitating the life cycle of tender processes offers an environment that enables proactive management of the relations between the company and its suppliers through a safe and dynamic environment.


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