In the Hainan FTP, can the enterprise name not include the administrative division?

In the Hainan FTP, can the enterprise name not include the administrative division?

With the approval of the State Administration for Market Regulation, the enterprise legal person that meets any of the following conditions can exclude administrative division in its name: 

(i) approved by the State Council;

(ii) registered by the State Administration for Market Regulation;

(iii) with registered capital (or registered fund) of not less than 50 million yuan;

(iv) otherwise stipulated by the State Administration for Market Regulation. 

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Related article: Hainan FTP Q&A

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