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Clarification Issued on Use of “Guangdong” Designation Within Company Names

As of 20 August, any Guangdong-based enterprise looking to incorporate the name of its home province into its company name has been able to secure the required approval from the appropriate industry and commerce administration department or market regulation department, whether at the province, city or county level. Announcing this new arrangement, the Guangdong Provincial Administration for Industry and Commerce, also issued a series of clarification with regards to the criteria that must be met should a business seek to incorporate the terms “Guangdong” or “Guangdong Province” within its company name.

In short, businesses are eligible to make such an application, if they comply with one of the three following requirements: 

  • They are an existing or newly-established enterprise with registered capital of RMB5 million (US$720,000) or more
  • They are an enterprise with three or more subsidiaries, with the total registered capital of the parent company and the subsidiaries amounting to RMB50 million or more (including RMB30 million of registered capital directly attributable to the parent company)
  • The incorporation of the term “Guangdong” or “Guangdong Province” into the company name has been previously approved, such as by the State Administration for Market Regulation

For further details (in Chinese), please access the following link:

Circular on Adjusting the Registration Approval Authority for Naming an Enterprise After the Province

 

Content provided by Picture: HKTDC Research
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