In the first half of the year, the Jiangyan district of Taizhou city – located in East China's Jiangsu province – saw a significant increase in the number of its new business entities, ranging from sole traders, individual businesses all the way up to companies.
In the six months, a total of 6,608 new entities were registered in Jiangyan, marking a 35.69 percent increase compared with the same period last year.
They had total registered capital of 12.71 billion yuan ($1.76 billion), representing a 36.23 percent year-on-year gain.
Among the registered business entities, 1,769 were enterprises, showing a year-on-year increase of 17.93 percent. These enterprises had a registered capital of 11.97 billion yuan, up 35.62 percent on last year.
Additionally, there were 4,832 individual businesses, higher by 43.68 percent year-on-year, with registered capital of 738 million yuan, up by 52.79 percent year-on-year.
The Jiangyan district has been actively implementing a "streamlining administration, delegating powers and improving services" reform to boost overall enterprise services and improve the business environment.
Jiangyan provides a "one-stop" service for business registrations. [Photo/WeChat ID: jyrmzf]
Efforts have been made to simplify the administrative processes, improve convenience for businesses and boost market vitality.
Initiatives include upgrading to a "one-stop" service for business registrations, implementing unified registration standards and providing standardized operations templates.
What's more, on-site visits and research supervision are being conducted to address urgent issues being faced by enterprises and provide guidance for business operations.