In July, new safety regulations are coming!

National Standard

National Standard "Safety Specifications for Inflatable Amusement Facilities" is under the jurisdiction of 469 (National Standardization Administration Committee) and entrusted to TC250 (National Cableway and Amusement Facilities Standardization Technical Committee) for implementation.

Main drafting units: China Special Equipment Inspection and Research Institute, Zhengzhou Wolong Amusement Equipment Co., Ltd., Ma'anshan Yuedong Amusement Equipment Co., Ltd., Beijing Technology and Business University, Nanjing Wander Sports Industry Group Co., Ltd., Henan Anxin Amusement Equipment Co., Ltd., Yongjia County Quality and Technical Supervision Inspection Research Institute, Foshan Shunde Huawei Fan Manufacturing Co., Ltd., Guangzhou Lili Toys Co., Ltd., Zhejiang Qiaoqiao Education Technology Co., Ltd., Qitele Group Co., Ltd.

National Standard "Safety Requirements for Underground Mine Overhead Cableways" is under the jurisdiction of TC88 (National Mining Machinery Standardization Technical Committee), with the competent authority being China Machinery Industry Federation.

Main drafting units: Changsha Zhengzhong Technology Development Co., Ltd., Tongling Shuangyou Mining and Metallurgical Machinery Manufacturing Co., Ltd., Luoyang Mining Machinery Engineering Design and Research Institute Co., Ltd.

National Standard "Battery-Powered Emergency Evacuation Lighting Automatic Test System" is under the jurisdiction of TC224 (National Lighting Appliance Standardization Technical Committee), executed by TC224SC2 (Lighting Fixtures Subcommittee of the National Lighting Appliance Standardization Technical Committee), with the competent authority being China National Light Industry Council.

Main drafting units: Shanghai Institute of Quality Supervision and Inspection Technology, Xiamen Lida Xin Lighting Co., Ltd., National Semiconductor and Display Product Quality Inspection Center (Shandong), Huarong Lighting Co., Ltd., Shanghai Times Light Lighting Appliance Testing Co., Ltd.

Industry Standard

Industry Standard "Safety Regulations for Coating Operations of Scaly Zinc-Aluminum Powder Anti-Corrosion Coatings", with the competent authority being the Ministry of Emergency Management.

Industry Standard "Emergency Rescue Evaluation Specifications for Production Safety Accidents", with the competent authority being the Ministry of Emergency Management.

Industry Standard "Basic Conditions for Safety Production Training Institutions", with the competent authority being the Ministry of Emergency Management.

Industry Standard "Safety Specifications for Maintenance of Internal Floating Roof Tanks", with the competent authority being the Ministry of Emergency Management.

Industry Standard "Guidelines for Fire Prevention and Control in Ancient Villages" is under the jurisdiction of the National Cultural Relics Protection Standardization Technical Committee, with the competent authority being the National Cultural Heritage Administration.

Industry Standard "Fire Risk Assessment Methods for Cultural Relic Buildings" is under the jurisdiction of the National Cultural Relics Protection Standardization Technical Committee, with the competent authority being the National Cultural Heritage Administration.

Local Standard

Local Standard "Basic Conditions Specification for Safety Training Institutions" is under the jurisdiction of Guangdong Province Safety Production Standardization Technical Committee (GD/TC 81), with the competent authority being Guangdong Provincial Market Supervision Administration.

Local Standard "Safety Production Technical Specification Part 59: Cold Chain Enterprises" is under the jurisdiction of Chongqing Municipal People's Government Port and Logistics Office, with the competent authority being Chongqing Municipal Market Supervision Administration.

Local Standard "Residential Elevator Safety Management Specification", with the competent authority being Shanghai Municipal Market Supervision Administration.

Local Standard "Safety Management Specification for Hazardous Chemicals in Industrial and Trade Enterprises", with the competent authority being Shanghai Municipal Market Supervision Administration.

Local Standard "Data Transmission Guidelines for Fire Protection Facilities IoT System Operation Platform", with the competent authority being Shanghai Municipal Market Supervision Administration.

Local Standard "Emergency Management System Construction - Hospitals" is under the jurisdiction of Beijing Emergency Management Bureau, with the competent authority being Beijing Municipal Market Supervision Administration.

Local Standard "Emergency Management System Construction - Elderly Care Institutions" is under the jurisdiction of Beijing Emergency Management Bureau, with the competent authority being Beijing Municipal Market Supervision Administration.

Local Standard "Emergency Management System Construction - Parks" is under the jurisdiction of Beijing Emergency Management Bureau, with the competent authority being Beijing Municipal Market Supervision Administration.

Local standard "Emergency Management System Construction Large Commercial Complex" is reported by Beijing Emergency Management Bureau, and the competent authority is Beijing Municipal Administration for Market Regulation.

Local standard "Emergency Management System Construction Super High-rise Building" is reported by Beijing Emergency Management Bureau, and the competent authority is Beijing Municipal Administration for Market Regulation.

Local standard "Technical Specification for Seismic Safety Resilience Assessment of Urban Communities" is reported by Beijing Earthquake Administration, and the competent authority is Beijing Municipal Administration for Market Regulation.

Local standard "Technical Specification for Regional Seismic Safety Evaluation Work" is reported by Beijing Earthquake Administration, and the competent authority is Beijing Municipal Administration for Market Regulation.

Local standard "Detailed Rules for Construction of Production Safety Risk Classification and Control System Part 1: Coal Mine" is reported by the Provincial Emergency Management Standardization Technical Committee, and the competent authority is Jiangxi Provincial Administration for Market Regulation.

Local standard "Data Access Specification for Safety Production Risk Monitoring and Early Warning System of Tailings Reservoirs" is reported by the Provincial Emergency Management Standardization Technical Committee, and the competent authority is Jiangxi Provincial Administration for Market Regulation.

The "Regulations on the Implementation of the Consumer Rights Protection Law of the People's Republic of China" will take effect on July 1, 2024. The regulations supplement operators' obligations regarding the protection of elderly and minor consumers' rights; prohibit operators from using technical means to force or disguise forcing consumers to purchase goods or accept services; require operators who provide services through automatic extension or automatic renewal to prominently notify consumers before service acceptance and before the automatic extension or renewal date; require operators who fail to provide goods or services as agreed to fulfill the agreement or refund prepayments upon consumer request; and require operators with major business risks that may affect normal provision of goods or services according to contract or trade customs to stop collecting prepayments.

Read in detail >>

Li Qiang signed the State Council order to promulgate the "Regulations on the Implementation of the Consumer Rights Protection Law of the People's Republic of China" concerning "shopping spree", multiple departments respond to consumer rights issues

The Office of the Central Cyberspace Affairs Commission and three other departments have formulated and issued the "Internet Government Application Security Management Regulations", effective from July 1, 2024. The regulations require that the construction and operation of internet government applications comply with relevant laws, administrative regulations, and mandatory national standards, adopt technical and other necessary measures to prevent risks such as content tampering, attack-induced paralysis, and data theft, and ensure the safe and stable operation of internet government applications and data security. The regulations also require that a party or government agency may establish only one portal website. The names of internet government applications should preferably use the name of the entity or standardized abbreviation; if other names are used, they should generally adopt a naming method combining regional name and responsibility name, and prominently display the entity name.

The newly revised "Company Law of the People's Republic of China" will take effect on July 1, 2024. The revision improves the subscription registration system for limited liability companies, clarifying that the total subscribed capital contribution by all shareholders shall be paid in full within five years from the establishment of the company according to the articles of association; companies registered before the new law takes effect with contribution periods exceeding the legal limit shall gradually adjust to within the legal period unless otherwise stipulated by laws, administrative regulations, or the State Council; for obviously abnormal contribution periods or amounts, the company registration authority may require timely adjustment according to law.

Read in detail >>

Company Law of the People's Republic of China

The Ministry of Public Security has introduced eight new reform measures for public security traffic management to benefit enterprises and the public, effective from July 1, 2024. Among them, electronic motor vehicle registration certificates and home delivery of express services will be piloted starting July 1. The measures include: ① Pilot electronic motor vehicle registration certificates. Based on full implementation of electronic vehicle inspection marks and driving licenses, pilot electronic motor vehicle registration certificates in 60 cities including Beijing and Tianjin. ② Implement “one certificate for all” for motorcycle registration. ③ Facilitate online vehicle deregistration for the public. ④ Promote home delivery express services to facilitate public affairs. ⑤ Optimize driving license reapplication exam subjects. ⑥ Optimize non-motor vehicle traffic organization at urban intersections. ⑦ Promote precise online guidance services for traffic management business. ⑧ Launch the “Traffic Management 12123” APP unit user version.

Read in detail >>

Authoritative Release | Ministry of Public Security Launches Eight New Reform Measures for Public Security Traffic Management to Better Serve the Public and Improve Traffic Travel

The Ministry of Industry and Information Technology, Ministry of Finance, and State Taxation Administration jointly issued the "Announcement on Adjusting Technical Requirements for Energy-saving and New Energy Vehicle Products Eligible for Vehicle and Vessel Tax Discounts", adjusting technical requirements for such vehicles. The announcement takes effect on July 1, 2024.

Among new energy vehicle products, plug-in (including extended-range) hybrid passenger cars must have a conditional equivalent all-electric range of no less than 43 kilometers. Pure electric buses (excluding fast-charging types) must have a range of no less than 200 kilometers. Plug-in hybrid (including extended-range) buses must have a pure electric range of no less than 50 kilometers. Pure electric trucks must have a range of no less than 80 kilometers. Plug-in hybrid trucks (including extended-range) must have a pure electric range of no less than 50 kilometers. For fuel cell commercial vehicles, the pure hydrogen range must be no less than 300 kilometers. The policy also specifies other technical condition requirements.

Read in detail >>

The Ministry of Industry and Information Technology and three other departments adjust technical requirements for energy-saving and new energy vehicle products eligible for vehicle and vessel tax discounts

The National Financial Regulatory Administration has revised and issued the "Fixed Asset Loan Management Measures", "Working Capital Loan Management Measures", and "Personal Loan Management Measures", effective from July 1, 2024. The key revisions include: first, reasonably broadening the scope of fixed asset loans and working capital loans in terms of usage and loan recipients, optimizing the calculation requirements for working capital loans to meet the actual demand of the credit market. Second, adjusting and optimizing the entrusted payment amount standards, moderately extending the entrusted payment time limits to enhance flexibility. Third, clarifying forms of handling such as video interviews and off-site investigations to accommodate new financing scenarios in line with online credit processing needs. Fourth, specifying loan term requirements to guide commercial banks in effectively preventing loan term mismatch risks and further optimizing loan structures. Fifth, further strengthening credit risk control to promote the standardization of credit management by commercial banks. Sixth, incorporating the "Project Financing Business Management Regulations" as a special chapter into the "Fixed Asset Loan Management Measures".

Read in detail >>

The National Financial Regulatory Administration issues the "Fixed Asset Loan Management Measures", "Working Capital Loan Management Measures", and "Personal Loan Management Measures"

The Ministry of Ecology and Environment has revised and issued the "Pollutant Discharge Permit Management Measures", effective from July 1, 2024. The "Management Measures" emphasize full coverage of pollutant discharge units, environmental management elements, and pollutant discharge management, clearly implementing comprehensive permit management for pollutant discharge behaviors including atmospheric pollutants, water pollutants, industrial solid waste, and industrial noise. It fully implements relevant laws, regulations, and standards, incorporating requirements for controlling toxic and harmful substance emissions, soil pollution risk investigation, and self-monitoring for key soil pollution regulatory units into the pollutant discharge permit, promoting "one permit" management for fixed pollution sources.

Read in detail >>

The Ministry of Ecology and Environment recently revised and issued the "Pollutant Discharge Permit Management Measures"

The China Securities Regulatory Commission has formulated and issued the "Administrative Measures for Securities Transaction Fees of Publicly Offered Securities Investment Funds", effective from July 1, 2024. The "Measures" consist of nineteen articles, mainly covering four aspects: first, reducing the commission rates for fund stock transactions; second, lowering the upper limit of the commission distribution ratio for fund managers; third, comprehensively strengthening compliance and internal control requirements for fund managers and securities companies; fourth, clarifying the disclosure content and requirements for transaction commission information at the fund manager level. The CSRC has organized industry institutions to complete the first adjustment of stock transaction commission rates before July 1, 2024.

The National Financial Regulatory Administration has revised and issued the "Operational Risk Management Measures for Banking and Insurance Institutions", effective from July 1, 2024. The "Measures" clarify the responsibilities of the board of directors, supervisory board (committee), and senior management, define the specific scope and duties of the three lines of defense, and hold branch and subsidiary institutions accountable for operational risk management. The "Measures" set basic requirements for operational risk control and mitigation measures including internal control, business continuity management, cybersecurity, data security, and business outsourcing management, establish reporting mechanisms for operational risk situations and major operational risk events, and apply three major basic management tools including the operational risk loss database as well as new tools.

Read in detail >>

The National Financial Regulatory Administration revises and issues the "Operational Risk Management Measures for Banking and Insurance Institutions"

The National Development and Reform Commission issued the "Basic Rules for Power Market Operation", providing top-level design for accelerating the construction of a unified national power market system, effective from July 1, 2024. The rules adjust descriptions related to market scope, operating institutions, and market participants, and improve descriptions related to market members and market transaction types. They clarify basic registration requirements for the power market; power trading institutions are responsible for establishing the market registration system, managing registration, reviewing and publishing registrations, and reporting to government departments for record. Market participants must complete registration or cancellation procedures when entering or exiting the power market, strictly enforcing market rules.

The Ministry of Commerce issued the "Administrative Measures for Filing and Approval of Overseas Contracted Projects", effective from July 1, 2024. The "Management Measures" stipulate that enterprises register their information through the unified platform of the Ministry of Commerce's business system for overseas contracted project management, handle project filing and approval, and report subsequent project progress. Enterprises can submit relevant materials online and print filing and approval receipts online when handling related business. The "Management Measures" require enterprises to fill in the filing form online before overseas bidding or signing contracts for general projects. After the commerce authority accepts the enterprise's filing form, the enterprise can print the filing receipt within 3 working days. Enterprises are responsible for the authenticity, accuracy, and completeness of the filing information.

Read in detail >>

The head of the Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce interprets the "Administrative Measures for Filing and Approval of Overseas Contracted Projects"