The new cross-border electronic bill direct payment service will provide more convenience for Hong Kong and Macao residents to study, work, start businesses and live on the mainland.
The new area will create a favorable environment for innovation and attract innovative talent and teams to help build it into a "high ground" for innovation and a new science and technology city, the official said.
The new law states that e-commerce traders or those who sell products or provide online services must obtain licenses, register as market entities and pay taxes.
The newcomers brought the total number of companies on the board to 11,594, official data showed.
The new guideline has extended the equal revenue distribution scheme and improved the refund sharing mechanism for excess VAT paid to alleviate local governments' fiscal pressure.
The new rules are aimed at "promoting high-quality opening up of China's capital markets and introducing more long-term overseas capital", the CSRC said in a statement on its website.
淮北治疗痔疮专科
The new relief package comes as the novel coronavirus outbreak continues to sweep the nation and devastate the economy. About 4.4 million workers filed claims for unemployment benefits for the week ended April 18, the US Labor Department reported on Thursday, with small businesses struggling to retain their employees.
The newly opened WeWork space on Nanjing West Road. [Photo Provided to China Daily]
The new regulation on ensuring timely payments to small and medium-sized enterprises, which will go into effect on Sept 1, will safeguard the legitimate rights and interests of SMEs, reduce their operational costs and optimize the business environment, the nation's top industry regulator said on Friday.
The new report reflects on post-crisis reform of the global OTC derivatives market and examines the progress made in central clearing with emphasis on the incentives, trade processing and costs in the centrally cleared and uncleared markets based on industry practices.