Introduction to the State Administration for Industry and Commerce: People's Republic of China (PRC) (SAIC) The State Administration for Industry and Commerce, referred to as SAIC for short, is a directly affiliated institution of the State Council that conducts market supervision and management and related administrative enforcement in accordance with laws and regulations.

The main responsibilities of the State Administration for Industry and Commerce:

1, responsible for market supervision and administrative law enforcement, drafting relevant laws and regulations, and formulating industrial and commercial administrative rules and policies.

2. Responsible for the registration, supervision and management of various enterprises, farmers' professional cooperatives, units and individuals engaged in business activities, and resident representative offices of foreign (regional) enterprises, and undertake the responsibility of investigating and banning unlicensed operations according to law.

3. To be responsible for regulating and maintaining the operation order of various markets according to law, and for supervising and managing market transactions and online commodity transactions and related services.

4. To investigate and deal with illegal direct selling and pyramid selling cases, and supervise and manage direct selling enterprises, direct sellers and their direct selling activities according to law.

5 responsible for the supervision and management of brokers, brokerage institutions and brokerage activities according to law.