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BIZCHINA / Center
Online traders required to get licenses
(Xinhua)
Updated: 2007-09-15 09:28
Corporate entities and individuals must obtain a license before starting
online sales operations in Beijing under new rules.
The Regulations Regarding IT Application Promotion of Beijing, adopted by
the Standing Committee of the Municipal People's Congress, make the
capital the first region in the country to introduce such a requirement.
Article 26 of the regulations, which are effective from December 1,
stipulates that an online sales business must hold a trading permit and
publish details of the license on its website.
Meanwhile, e-commerce service providers should monitor ID information,
legal business operation permits, and credit records, and set up
complaint centers to facilitate supervision of online trading.
An executive with Taobao.com, a leading e-commerce service website,
insisted it had operated a complete system for standardizing transactions
and supervision, but promised to cooperate with administrative
departments in the drive to further regulate the e-commerce market.
Under existing regulations, online traders must register their real
identities as requested by e-commerce service providers, but are not
required to obtain business licenses.
(For more biz stories, please visit Industry Updates)
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