Luo Wen, director of the State Administration of Market Supervision and Administration, said in an interview that improving the basic system of the market economy should be a major and urgent task to further comprehensively deepen reforms, and focus on four reform initiatives: the first is to improve the market access system. The second is to improve the corporate withdrawal system. Improve enterprise bankruptcy mechanisms, explore the establishment of a personal bankruptcy system, and push forward supporting reforms for enterprise cancellation. Establish a mandatory withdrawal system and a simple exit system covering all business entities, and promote the upgrading of subrogation cancellation to institutional regulation. Research and establish a separate management system for business entities, and companies in special situations such as having their business license revoked, ordered to be closed, or withdrawn will no longer be included in the scope of normal management. The third is to establish a trade secret protection system. Fourth, improve the credit supervision system.

Luo Wen, director of the State Administration of Market Supervision and Administration, said in an interview that improving the basic system of the market economy should be a major and urgent task to further comprehensively deepen reforms, and focus on four reform initiatives: the first is to improve the market access system. The second is to improve the corporate withdrawal system. Improve enterprise bankruptcy mechanisms, explore the establishment of a personal bankruptcy system, and push forward supporting reforms for enterprise cancellation. Establish a mandatory withdrawal system and a simple exit system covering all business entities, and promote the upgrading of subrogation cancellation to institutional regulation. Research and establish a separate management system for business entities, and companies in special situations such as having their business license revoked, ordered to be closed, or withdrawn will no longer be included in the scope of normal management. The third is to establish a trade secret protection system. Fourth, improve the credit supervision system.