By Fanny Zhang, Business Advisory Services, Dezan Shira & Associates Beijing Office
In order to further improve the efficiency of social resources utilization, reduce the exit cost of market entities, optimize the business environment, and continue to stimulate market vitality, China has continuously promoted reforms to its system of enterprise deregistration.
As the COVID-19 pandemic broke out in early 2020, many entities had to undergo self-liquidation, compulsory liquidation, or bankruptcy liquidation due to the deterioration of the market environment and difficulties in carrying on their business operations.
For China investors and/or shareholders, the application of online deregistration (or e-deregistration) can speed up the exit…
Read the full article at: https://www.china-briefing.com/news/simplified-enterprise-deregistration-procedure-in-china-applicability-legal-risks/
