China deepens reform of business permits to boost market entities Xinhua 04 Jun 2021, 02:05 GMT+10 BEIJING, June 3 (Xinhua) -- A full-coverage listing-management system will be adopted for enterprise-related business licensing items nationwide starting from July 1, said a State Council circular released Thursday. At the same time, more reforms of the examination-and-approval system will be launched in pilot free trade zones (FTZs), the circular said. A digital-license system for businesses will be available nationwide by the end of 2022, with paper materials no longer needed if the target information can be obtained via the digital-license system. By the end of 2022, a simplified, highly efficient, fair and transparent industry-access rule with a low threshold and strict management will be established in an effort to make administrative operations more convenient and predictable for market entities.