Business to get help from license change

Many more certificates linked to business registration will be merged into one business license, helping enterprises to open and thrive more quickly, according to a State Council executive meeting presided over by Premier Li Keqiang on Wednesday.

"We should focus on creating a globally competitive business environment and continuing business registration reform," Li said. "It's to reduce institutional costs for enterprises and cultivate an inclusive and fair playing field for mass entrepreneurship and innovation as more enterprises can be easily registered and flourish."

A guideline approved by the executive meeting said that as a significant measure to boost supply-side structural reform and administrative reforms, the consolidation will further transform governmental functions and unleash the benefits of reforms.