Individual owners of online businesses in China will be affected by an e-commerce regulation which will take effect on August 1st, 2008.
The regulation is called ‘Opinions on Fully Enforcing the ‘Beijing Informatisation Advancement Regulations and Strengthening the Supervision and Administration of Electronic Commerce’. The idea is to control online transactions in China with the aim of boosting consumer confidence.
Individual investors wishing to establish an e-commerce operation in China will need to consider the legal issues.
The Opinion stipulates all corporate sellers and individuals engaging in profitable online business activities must register for a business licence with the BAIC.
All e-commerce operators are also required to establish a hyperlink at the bottom of their business website homepages. The link will lead to a webpage that discloses required information such as service guidelines and must be regularly updated.
The implementation of the Opinion is at its first stages and still has a long way to go to fully regulate and strengthen the Chinese e-commerce market. Much more HERE. You may have to join to read this Mondaq site but it is free.
Source: Mondaq