âThe application submitted yesterday afternoon got the business license early this morning, which is very efficient!â On March 1, the regulations on the registration and administration of market entities (hereinafter referred to as the regulations) officially came into force. At 10 a.m. that day, Zhang Yun, the legal person of Anhui Yinchen Trading Co., Ltd., received a business license at the government hall of Baohe District, Hefei. It is reported that this is the first business license issued by our province after the implementation of the regulations.