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On June 23, the Shanghai Municipal Administration for Industry & Commerce (AIC) decided to allow companies to use such wording as “mass entrepreneurship (as in Chinese 众创空间),”“creator space (创客空间)” and “entrepreneurship incubator (创业孵化器)” in the company’s name.
Companies are also permitted to change their business scope to cover mass entrepreneurship operation and management.The Shanghai AIC is also looking to launch a pilot(试点) program to carry out equity crowdfunding projects and companies registration procedures. Such equity crowdfunding companies will be allowed to raise monetary contributions from ordinary investors, which may become the company’s shareholders by making capital contribution.
(From China Regulotary Brief) (部分图片内容摘自互联网,版权归作者所有)
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