The National Enterprise Credit Information Publicity System (NECIPS) is a national database for all legal entities registered in China. The database includes profiles of legal entities, which include key information such as shareholders, directors, legal representatives, general managers, and supervisors, as well as identifying information like addresses, email addresses, and phone numbers.
NECIPS records are available in Sayari Graph.
When is the record true for?
NECIPS records represent a snapshot of the company at the time the record is accessed. Companies update their records on an ad hoc basis when any changes are made. A company is required to file an annual report before June 30 each year. In addition, there are several events that companies are required to report to NECIPS within 30 days after they occur.
What kinds of changes are reported to NECIPS?
Companies are required to report to NECIPS within 30 days of the following changes:
- Change in company name
- Change in company legal representative
- Change in company’s scope of business
- Change in legal entity type
- Change in shareholders or in the percentage of the company held by shareholders
- Change in company officers (deadline not specified)
- Change in address of company headquarters (prior to relocating to the new address)
- Change in registered capital
- Change in company’s constitution (deadline not specified)
Based on these deadlines, analysts can assume that the Chinese corporate records in this database are correct as of 30 days prior to the date indicated in the “Authorization Date” (核准日期) field. For example:
- Date of content is March 31, 2019
- Zhang San is listed as the company’s 50 percent shareholder and executive director
- Therefore, we know that Zhang San was the 50 percent shareholder of the company as of March 1, 2019.
Of course, it is possible that companies fail to meet the disclosure deadline required by the Administrative Regulations on Company Registration. NECIPS records indicate when a company has failed to meet disclosure requirements and/or hasn’t filed at all.
What is included in a NECIPS record?
Legal entities in China are required to disclose their name, business purpose, operating period, organization type, address, legal representative, registered capital, and names of shareholders. The vast majority of legal entities report the following information to NECIPS:
Basic Registration Information
|Name (企业名称)||This is the company’s legal name. While this doesn’t appear as a labeled field, it is the primary name listed at the top of the record.|
|Uniform Social Credit Code (统一社会信用代码)||The primary unique ID number used for Chinese legal entities.|
|Organization Type (类型)||This field includes information about both the kind of legal entity the company is as well as the status of its shareholders. Typically, the legal entity type is reported first, while shareholder status follows in parentheses.|
|Registered Capital (注册资本)||The amount of capital the company has registered with SAMR. This is usually reported in Chinese renminbi, but foreign-invested companies may report it in some other currency, such as Japanese yen or U.S. dollars.|
|Date of Establishment (成立日期)||The date the company filed incorporation documents with the registration authority.|
|Registration Authority (登记机关)||The local office where the company incorporated and registered. Typically, this is a county- or city-level Market Supervision and Administration Bureau.|
|Operating Status (登记状态)||An indication of whether the company is active or closed at the time of the record. Most frequently, active status is denoted by the Chinese term 存续 (“existing”), but companies occasionally list other terms in this field to indicate an active status, such as “incorporated” (成立). There are also several different terms used to indicate that a company is closed or in the process of closing, such as “dissolved” (解散), “in liquidation” (清算), or “revoked” (吊销, referring to the status of its operating license).|
|Operating Period (营业期限自 and 营业期限至)||The period of time that the company’s operating license is valid for.|
|Address (住所)||The company’s address. Chinese addresses can be used to enhance investigations.|
|Business Scope (经营范围)||A list of commercial activities the company reports being involved in.|
|Authorization Date (核准日期)||The most recent date that the registration authority approved a change in the company’s registration information.|
|Shareholders (股东及出资信息)||Shareholders of the company. On some records, the amount of registered or paid-in capital of each shareholder will also be listed. When it is, the percent ownership of the company held by each shareholder can be determined by adding up the registered capital of each shareholder, then dividing the registered capital of the individual shareholder by the total registered capital.|
|Associated Individuals （主要人员信息)||Related parties, including shareholders, directors, general managers, board members, and supervisors.|
|Legal Representative (法定代表人)||An individual who represents the company for any legal purposes. In larger companies, this person is often also the company’s chairman (董事长), while in smaller companies the legal representative frequently also holds the role of executive director (执行董事). In sole proprietorships (个体工商户), the legal representative is the company’s proprietor/sole shareholder.|
|Branches (对外投资信息)||Branch offices of the company. Under Chinese law, these entities must register with their local registration office and have their own profiles on NECIPS.|
The following information is only disclosed in annual reports and is not visible on entity profiles.
|Email (企业电子邮箱)||An email address associated with the company.|
|Telephone (企业联系电话)||A telephone number associated with the company.|
|Website (⽹站或⽹店信息)||A website associated with the company.|