Issued by:    State Administration for Market Regulation, People's Bank of China
Issue No.:    Guoshijianzhugui [2025] No. 3
Release Date:    September 15, 2025
Effective date:    September 15, 2025
Links:    https://www.samr.gov.cn/zw/zfxxgk/fdzdgknr/djzcj/art/2025/art_146b59095fb14ffc88f6abd1db118925.html
The Measures focus on key aspects of registration applications and agency practices, systematically establishing a comprehensive institutional framework covering "real-name verification, regulated agency conduct, and risk prevention and control," aiming to prevent fraudulent registration and money laundering risks, thereby enhancing the quality of registration. The main contents are as follows:
First-time distinction between "Registration Liaison" and "Registration Agent"
1）The registration liaison must be an internal employee of the business entity, shall be duly registered with the registration authority, and may not concurrently be served by a registration agent.
2）Registration agents are third-party institutions or individuals providing registration agency services. They must register with their real names in the national unified system and update any changes in information within 60 days.
Regulating registration agency conduct:
1）Registration agents are required to sign a power of attorney with the client, verify the identity of relevant individuals or organizations involved in the registration, record the client's identity or legal entity information, and establish and properly maintain practice records.
2）Registration agents are prohibited from engaging in agency practices that involve the concealment of material facts through means such as forgery, fraud, or unauthorized use of information. They must not accept mandates that are clearly non-compliant, such as those involving obviously abnormal registered capital or other registration information, or those harming public interest. Upon discovering illegal or high-risk situations, they must immediately terminate the agency relationship.
Strengthening anti-money laundering obligations
1）Registration agents shall, in accordance with the law, fulfill anti-money laundering obligations, conduct customer due diligence, identify and verify the identity of the client and its beneficial owners, and implement risk-based classification management of clients for money laundering risks.
2）Enhanced due diligence measures shall be applied to high-risk clients (e.g., those from high-risk money laundering countries or regions, or who are foreign politically exposed persons), including verifying the source and purpose of funds. Suspicious individuals or transactions shall be promptly reported to the People's Bank of China, and providing services to persons with unidentified identities is strictly prohibited.
Strengthening penalties for violations
1）The legal liability of registration agents for violating relevant provisions is clarified.
2）Individuals directly responsible for fraudulent registration shall be designated as directly liable persons. For a period of three years after the revocation of a fraudulent registration, registration applications submitted by directly liable persons acting as registration liaisons or registration agents will not be accepted.