rules and regulations
The Measures for the Administration of Second-hand Car Circulation stipulates that the operators of second-hand car trading centers, second-hand car distribution enterprises and brokerage institutions shall meet the requirements of enterprise legal persons and be registered in the administrative department for industry and commerce according to law.
Where an applicant invests in the establishment of used motor vehicle trading centers, distribution enterprises, brokerage institutions and appraisal institutions, it shall submit relevant materials that conform to the provisions of Article 8 and Article 9, the Measures for the Administration of Foreign Investment in Commercial Fields and relevant foreign investment laws and regulations.