In 2016, the State Administration for Industry and Commerce (‘SAIC’) introduced a simplified deregistration procedure. Namely, the SAIC adopted ‘The Guidance opinions on comprehensively promoting the reform of simple deregistration of enterprises ([2016] No. 253’, (‘Guidance Opinions’) on December 26, 2016. The simplified de-register procedure was further bolstered in 2018 and 2021 with the adoption…