'Investment' Still Taboo for New Firm Names in Beijing

(Beijing) — The Beijing municipal government is sticking with its ban on new financial firms whose names and business descriptions explicitly tie them to financial services.

Speaking to Caixin, an official with the city's Administration for Industry and Commerce confirmed Friday that the regulator will continue indefinitely to refuse to register new companies with names that include key words such as "investment" and "finance," and phrases such as "asset management" and "fund management."