August 30 (Xinhua) — At a press conference held by the State Council Information Office on the 30th, Ren Duanping, Director of the Registration Bureau of the State Administration for Market Regulation, stated that improper market competition and market intervention will be strictly regulated.

　　At the meeting, a reporter asked: What effective measures will the State Administration for Market Regulation take to further improve the market access system, especially the registration and management system for business entities?

　　Ren Duanping responded that the State Administration for Market Regulation will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the Second and Third Plenary Sessions of the 20th Central Committee, adopt pragmatic measures, actively promote the improvement of the basic systems of the market economy, accelerate the building of a unified national market, continuously improve the market access system, focus on deepening the reform of the registered capital subscription registration system, implement subscription in accordance with the law and on schedule, persist in deepening reform in key areas and critical links with an innovative spirit, strengthen systematic integration, continuously reduce the institutional costs of market access, promote a more mature and well-defined registration and management system, fully stimulate the innovation vitality and endogenous driving force of business entities, and continuously create a first-class business environment that is market-oriented, law-based, and internationalized.

　　Ren Duanping stated that next, the State Administration for Market Regulation will earnestly implement the opinions of the General Office of the CPC Central Committee and the General Office of the State Council on improving the market access system, and focus on doing work in three aspects:

　　First, continuously deepen the reform of the registered capital subscription registration system. Thoroughly implement the Company Law and the Provisions of the State Council on Implementing the<中华人民共和国公司法>Registered Capital Registration and Management System, regulate and guide newly established companies in reasonably determining the subscription period in accordance with the law, steadily advance the lawful adjustment of capital contribution periods by existing companies, and promptly correct in accordance with the law obvious abnormalities in companies' capital contribution periods and amounts. Accelerate the introduction of the Measures for the Implementation of Company Registration and Management, and clearly define in accordance with the law the criteria and procedures for determining obviously abnormal registered capital, the conditions and requirements for exempting adjustments to capital contribution periods, separate-register management, and other content. In areas with a relatively high degree of safety risk, work with relevant departments to study the lawful classification and setting of the scope, proportion, and period of paid-in registered capital. Study and improve the management system for non-corporate business entities to make capital contributions in accordance with the law and on schedule. Accelerate the building of a unified national registration system for business entities and strengthen smart access.

　　Second, continuously improve the legal system for the registration and management of business entities. Adhere to the new development philosophy, coordinate development and security, vitality and order, and efficiency and fairness, adhere to goal orientation, problem orientation, and reform orientation, accelerate in accordance with the law the study and formulation of basic legal systems for the registration of business entities, clarify the basic principles of business entity registration and management, study and unify basic legal concepts and terminology, improve institutional rules such as the management of registration items, transfer of business, management of trade names, and leasing and contracting of business entities, strengthen the pursuit of legal liability for fraud by business entities, accelerate the advancement of institutional innovation, fill institutional gaps, and accelerate the building of legal system rules that effectively connect with internationally accepted commercial rules.

　　Finally, strictly regulate improper market competition and market intervention. Persist in advancing ex ante prevention and ex post punishment simultaneously, advancing regulatory enforcement and publicity and advocacy simultaneously, and advancing the correction of typical cases and the strengthening of institutional building simultaneously, and resolutely break down market access barriers. Regulate the scope of monopolistic business and competitive business carried out by natural monopoly enterprises, and prevent relevant enterprises from using monopolistic advantages to extend into upstream and downstream competitive links or to exclude or restrict market competition in upstream and downstream competitive links. Focus on the pain points, bottlenecks, and difficulties of concern to the people and business entities, deepen anti-monopoly enforcement to stop the abuse of administrative power to exclude or restrict competition, strictly implement the fair competition review system, correct improper market intervention such as the abuse of administrative power to designate trading partners and exclude or restrict business operators from participating in bidding and other business activities, and break down the "glass doors," "spring doors," and "revolving doors" in market access for business entities.