On December 26, 2016, the State Administration for Industry and Commerce ("SAIC") distributed the Guiding Opinions on Comprehensively Advancing the Reform of Streamlined Deregistration of Enterprises (the "Opinions").

According to the Opinions, the reform of streamlined deregistration of enterprises will be carried out comprehensively across the whole nation from March 1, 2017. To this end, the Opinions set forth requirements from three perspectives, including "clarifying the applicable scope and respecting enterprises' autonomous rights".

Besides, the Opinions make it clear that any limited liability corporation, non-corporate enterprise legal person, sole proprietorship enterprise or partnership enterprise that has not carried out any business activity after obtaining the business license, or has no credit or debt or has settled all credit and debt before applying for the deregistration, may choose at its discretion the general deregistration procedures or the streamlined deregistration procedures. Where an enterprise falls under any of certain circumstances, such as "a foreign-invested enterprise that involves the implementation of special access administrative measures prescribed by the state", "being included into the list of enterprises under the abnormal operation or the list of enterprises with serious illegalities or dishonest acts" or "being suspended from going through streamlined deregistration procedures", the said simplified deregistration procedures shall not apply to such enterprise.