Yanbian boasts improved business environment

Updated: November 25, 2021

Yanbian Korean autonomous prefecture in Northeast China's Jilin province has been making strides in improving its business environment with measures taken in mechanism innovation, according to local media reports.

This year, the city of Yanji in Yanbian, relying on the E-Window Communication System for Market Entities in Jilin Province, continued to make efforts to simplify the registration of various market entities, and offers one-stop services for business registration.

The comprehensive window staff members will help applicants to prepare corresponding materials for the declared project before the enterprise declares, and complete the project approval and issuance in advance.

Yanbian provides agency services for enterprises in account registration, information filling, material uploading, supplements and corrections to certificate issuance and approval procedures.

Yanbian has now handled the full reporting service for seven local companies, involving seven licenses.

At present, Yanbian's comprehensive credit index is 87.66, ranking first among the 40 prefectures and leagues in the country for 10 consecutive months.

In May of this year, Yanbian started to promote Xinyidai, a nationwide online platform for enterprise credits.

To date, 61,307 enterprises and individual industrial and commercial households across the country have been listed on the Xinyidai platform (Yanbian Station), with a total of 2,239 loans issued, totaling 7.41 billion yuan ($1.16 billion).  

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