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1,113 enterprises with severe law violations and poor credit performance will be jointly punished
Updated: 2018-12-27    Source: Large Medium Small Print

According to the Municipal Industrial and Commercial Bureau, 1,113 enterprises in the city have been on the blacklist of abnormal operations over the past three years in the “National Enterprise Credit Information Publicity System”.  In accordance with the relevant regulations of the Municipal Industrial and Commercial Bureau, these blacklisted enterprises with severe law violations and poor credit will be jointly punished by the government in 6 different batches to highlight the importance of observing laws and having solid credit.

Enterprises with abnormal operations for over three years have four types: firstly, they didn't  publicize the annual report within the specific time-frame which is specified in Clause VIII of Temporary Regulations on Enterprise Information Disclosure; secondly, they didn't publicize relevant information concerning the enterprise within the specific time-frame, which is specified in Clause X of Temporary Regulations on Enterprise Information Disclosure; thirdly, the enterprise's information disclosure hides the true conditions and gets involved in falsification; fourthly, the enterprise couldn't be contacted by its registered address or place of business operation.

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