2,042 new market entities registered in Wudang

In the first five months of this year, Wudang district in Guiyang, capital of Southwest China's Guizhou province, added 2,042 new market entities due to the district's efforts to cultivate them and improve its business environment.

The added newly-registered capital of these market entities was valued at 2.97 billion yuan.

Since the start of this year, Wudang district has fully implemented the negative list for market entities, accelerated the process of electronic business registration and one-stop services, and further shortened the time needed to establish a business within 24 hours.

During the same period, Wudang has handled the registration of 1,817 market entities electronically, with an average of 17.5 settlements per day and an average time of 1.82 hours, 11 times shorter than the three working days promised for offline processing.

Meanwhile, a total of 305 companies in the jurisdiction of Wudang have gone through delisting procedures through the simplified delisting process.

Elsewhere, Wudang has accelerated the construction of the social credit system, promoted the sharing and opening of credit information, and instructed enterprises to verify and use enterprise credit information to avoid and prevent credit risks in accordance with the law.

From January to May, a total of 218 market entities in Wudang were repaired for credit, helping them further establish a sense of integrity and respect for the law.

Additionally, Wudang has continued to carry out special campaigns against intellectual property infringement. As of March this year, the district had a total of 116 patents authorized, 660 valid invention patents, and seven intellectual property advantageous enterprise projects declared at the provincial level.