Laws of the People's Republic of China

General Office of Ministry of Commerce

General Office of Ministry of Commerce Circular on Carrying out Management on Approval Certificate Code of Auction Business

Shang Jian Zi [2005] No. 6

Administrative Commercial Departments of all provinces, autonomous regions, municipalities directly under central government and Xinjiang Construction Corps:

For the purpose of regulating the administration of auction business, Ministry of Commerce decided to carry out unified code management on approval certificate of auction business in accordance with Measures for the Administration of Auction Business (Ministry of Commerce Decree No. 24 in 2004). Related matters are hereby notified as follows:

I.

Code arranging structure and regulations of approval certificate of auction business

Code of approval certificate of auction business is made up of 16 Arabic numerals, whose arranging structure is showed in the following table:

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　　Arranging regulation in detail:
　　(1) Code of province (from digit 1 to digit 2)
　　11-Beijing, 12-Tianjing, 13-Hebei, 14-Shangxi, 15-Mongolia, 21-Liaoning, 22-Jilin, 23-Helongjiang, 31-Shanghai, 32-Jiangsu, 33-Zhejiang, 34-Anhui, 35-Fujian, 36-Jiangxi, 37-Shandong, 41-Henan, 42-Hubei, 43-Hunan, 44-Guangdong, 45-Guangxi, 46-Hainan, 51-Chongqing, 52-Sichuan, 53-Guizhou, 54-Yunnan, 55-Tibet, 61-Shanxi, 62-Gansu, 63-Qinghai, 64-Ningxia, 65-Xinjiang, 66-Xinjiang Construction Corps.
　　(2) Serial number (from digit 3 to digit 6)
　　Serial number reflects the precedence order of auction enterprises approved by administrative commercial departments in provinces, autonomous regions, municipalities directly under the central government and Xinjiang Construction Corps (＾administrative commercial departments of provincial level￣ for short in the following), which is expressed by Arabic numerals. For example, ＾0036￣ refers to the 36th enterprises approved by the administrative commercial departments of provincial level, and ＾0105￣ refers to the 105th enterprise approved by the administrative commercial departments of provincial level.
　　(3) Code of organization form (digit 7)
　　1- Company of limited liability
　　2- Joint-stock company limited
　　(4) Code of domestic and foreign companies (digit 8)
　　1- Domestic invested enterprise
　　2- Foreign-invested enterprise
　　3- Sino-foreign equity joint venture
　　4- Sino-foreign contractual joint venture
　　(5) Sequence number of branch company (from digit 9 to digit 12)
　　The branch company of auction enterprise shares the same previous 8 digits with its parent company Digit 9 and digit 10 represent sequence of the branch company, which is expressed by Arabic numerals. Digit 11 and Digit 12 represent the provinces (autonomous regions, municipalities of Xinjiang Construction Corps) where the branch company is located, coding regulation of which is the same with code of province. For example, ＾0711￣ refer to the 7th branch company of an auction enterprise, which is located in Beijing. ＾0000￣ represents the quction enterprise itself.
　　(6) Code of year (from digit 13 to digit 16)
　　Code of year represents time when an auction enterprise is approved by the administrative commercial departments of provincial level. It is made up of the dominical year and the unit is year. For example, ＾1991￣ means the auction company was approved in the year of 1991.
　　II. Management on code of approval certificate auction business
　　(1) When the certificate goes expiration, auction enterprise and its branch companies may apply to exchange. The original code will remain the same.
　　(2) In case the original certificate or its copy is lost or destroyed, auction enterprise and its branch companies may apply reissue. The original code will remain the same.
　　(3) In case alteration takes place in the name of the company, artificial person, scope of business, registered capital or location in the province, but not in organization form or pattern of ownership, new certificate will keep the original code.
　　(4) In case any alternation takes place in organization form or pattern of ownership, the original certificate and its code go invalidity, and new certificate will be issued with a new code.
　　(5) In case an auction enterprise terminated its business (disbanded, cancelled or go bankruptcy), the original certificate and its code will go invalidity; in case a branch company is disbanded or cancelled, its certificate and code will go invalidity.
　　(6) An auction enterprise that exists after combination and division will keep the original code; for an auction enterprise that is disbanded because of combination and division, its original code goes invalidity, for a new established auction enterprise form combination of division, new certificate will be issued with new code.
　　Above regulations take effect as of the date of printing and distribution of this circulation.

General Office of Ministry of Commerce
February 24, 2005