Recently, Zhejiang Administration for Market Regulation issued an announcement informing that Yiwu Administration for Market Regulation's Deepening of the Intelligent Registration Reform of Commercial Entities has been awarded the Outstanding Practice of Reform and Innovation of Market Supervision System in Zhejiang Province.

Since 2019, Yiwu Administration for Market Regulation has taken the lead in Zhejiang Province to start exploring intelligent commercial registration. After three iterations of upgrading, the applicable subjects, registration business and industry scope of intelligent commercial registration have been gradually expanded. Taking Company Establishment as an example, the implementation of intelligent commercial registration can reduce the  manual filing content for general public by about 80% and reduce the workload of back-office review by more than 85%, which effectively enhances the level of standardization, normalization and facilitation of commercial registration. Up to now, the total number of intelligent registration cases in Yiwu has exceeded 250,000, accounting for more than 52% of the total number of cases for the corresponding period of last year.

Taking the award of provincial outstanding practice as an opportunity, Yiwu Administration for Market Regulation will continue to play a leading role in the pilot demonstration of intelligent registration, continuously promote the application of the intelligent commercial registration system and further promote the overall enhancement of commercial registration services from convenient services to value-added services.