Fujian provides all-round legal support for MSMEs

(en.moj.gov.cn)| Updated: 2020-09-24

The judicial department of East China's Fujian province has taken a series of measures to ensure healthy development of micro, small and medium-sized enterprises (MSMEs).


The department mobilized lawyers to provide enterprises with such free services as legal risk evaluation and legal consultation in a special campaign. Meanwhile, it prompted the notary industry to offer enterprises one-on-one support. Notaries across the province are now drawing on their expertise to advise enterprises on notarial matters related to market access, brand protection, fair competition, investment and fundraising.

It also issued a guideline on the work of corporate legal counsels which specifies their functions and duties. Currently, 575 such counsels across the province are playing an active role in corporate operation and management.

Responding to a surge in disputes over financial consumption, the department joined hands with the Fuzhou branch of the People's Bank of China, China's central bank, to establish a provincial-level financial dispute mediation organization. In doing so, it diversified the approaches to such disputes.

It also launched a special campaign to disseminate legal knowledge among enterprises in an effort to enhance corporate management's legal awareness.