Mechanism for fairer company fees sought

Move aims to boost both market players' expectations, confidence in future growth

China is taking steps to establish a well-functioning and sustainable regulatory mechanism for enterprise-related fees aimed at anchoring expectations of market players of all types and boosting their confidence in future growth, the State Council, the country's Cabinet, said on Friday.

Strengthening the regulation of enterprise-related fees has been identified as a crucial measure to lower operating costs for businesses and optimize China's overall business environment, according to a State Council executive meeting chaired by Premier Li Qiang.

Weeks earlier, the country vowed in the Government Work Report to launch special initiatives "to regulate enterprise-related law enforcement, with a focus on tackling arbitrary charges, fines, inspections and seizures", and "take resolute steps to prevent unauthorized cross-jurisdictional and profit-driven law enforcement".