Posts tagged as: licence back to homepage

Third payment license maybe issues within two weeks in China, hundreds of companies will obtain a license Third payment license maybe issues within two weeks in China, hundreds of companies will obtain a licenseComments Off

Recently reporters get news from the industry, the third payment license, a number of 60 licenses will issue in fastest one to two weeks in China. Last time there is a number of 40 licenses, so more than one hundred companies will obtain a license. Currently, the number of company who has submitted third-party payment license application has reached 240.

Three Internet Service Providers Subordinate Payment Companies will appear the “list”

According to related reports, the third payment license, a number of 60 licenses will issue, “Most of the third license will issue to local companies, including 21 in Shanghai. Mostly the third license is pre-paid card.” An insider says. China Mobile, China Unicom and China Telecom, the three Internet Service Providers subordinate payment companies will appear the “list”.

In May, the first payment license was issued about 27. September 1, 2011.The central bank had re-issued 13 licenses. As a result, the number of company obtains license reached 40, involving the internet payment, mobile phone payments, and telephone land lines services as so on. But more companies are still waiting for a license. According to preliminary statistics, the number of company who has submitted third-party payment license application has reached 240, but more than 200 companies are looking forward to the license.

License lead to Merger

With the license gradually are issued, the third-party payment companies will also start to operate capital. Reporters learned in Shanghai a financial network technology company obtain the second license has been mergers and acquisitions four local businesses.

“Although many companies have submitted applications, but in the end the number of company may not exceed 200. How to survive to the rest of the business? To cooperate with these companies get a license or have be qualified, or be acquired.” Insiders Analyzed. Earlier in September, Alipay has announced they acquire Ann Card .

Analysis International is expected, the capital market in the future will be further active in the field of third-party payment.

Checking If You Are (Really) in Control of Your China Operations Checking If You Are (Really) in Control of Your China Operations(0)

These are applicable to smaller businesses; accordingly we have not gone into details on director?s quorums, shareholder rights and larger corporate issues in this overview. However, they very much do apply to business managers in any company, small or large. If you consistently find these are applicable to you, an internal management systems audit may be a good idea.

Legal control

One person holds all the company chops
If that person isn?t you, you have a potential problem. Either take possession or spread the risk by having different personnel responsible for different chops. Required chops (business seals) in China vary from function to function; it really isn?t necessary for one person to hold them all. It can cripple your business if that individual leaves under a cloud, or misuses them.

Who trademarked your brand?
Do you have the documentation showing that your company (or parent) owns your brand? If you didn?t mark it maybe you should ? and if it has been marked you need to establish who registered it and in what name. It is common for employees or even suppliers to ?take care? of your trademark or patent registration for you and then simply register it in their own name.

Business licenses are not immediately accessible
You should have immediate access to your business documentation upon request. Ideally, these documents should be contained within a company documentation manual, with translations of what they are next to them and identifiable expiration dates. If you do not have this under control your licenses can expire, have the wrong scope, or simply get lost. This can seriously impact your business operations if a problem arises.

To know more, the whole issue is available (after a free subscription) on China Briefing website with others archives
For more information on China’s legal and tax issues or to ask for professional advices in related matters, please write to info@dezshira.com

Contacts and information

Social networks

Most popular categories

Real Time Analytics