JC Master Legal News Issue 912

Key Takeaways for This Issue

The China Securities Regulatory Commission has collectively revised 13 regulations and 29 normative documents in a single package, with disclosure requirements emerging as the primary focus of these amendments.

On Friday evening, the CSRC announced on its official WeChat account and website that, in order to effectively implement the new Securities Law, it has issued the “Decision on Amending Certain Securities and Futures Regulations” and the “Decision on Amending Certain Securities and Futures Regulatory Documents,” revising selected provisions of 13 regulations and 29 regulatory documents.

The Ministry of Industry and Information Technology has unveiled 20 support measures to accelerate the development of the industrial internet.

According to the official website of the Ministry of Industry and Information Technology, on March 20, the General Office of the Ministry issued a notice on accelerating the development of the industrial internet. The notice aims to implement the central government’s decisions and arrangements for speeding up the industrial internet, balance development with security, promote integrated innovation across broader scopes, deeper levels, and higher standards, foster and strengthen new drivers of economic growth, and support the achievement of high-quality development.

Effective March 20, export tax rebate rates will be increased, covering 1,464 product categories.

The recently issued “Announcement on Raising the Export Tax Rebate Rates for Certain Products” stipulates that, effective March 20 of this year, the export tax rebate rate for 1,084 products, including porcelain sanitary ware, will be increased to 13%; meanwhile, the export tax rebate rate for an additional 380 products will be raised to 9%.

The Supreme People’s Court and the Supreme People’s Procuratorate have issued a reply clarifying the scope of precious tree species and the applicable provisions regarding illegal transplantation, among other matters.

The Supreme People’s Court and the Supreme People’s Procuratorate recently jointly issued the “Reply Concerning Issues Related to the Application of Article 344 of the Criminal Law of the People’s Republic of China” (hereinafter referred to as the “Reply”), which provides clear stipulations on such matters as the scope of precious trees and other plants under key national protection, as well as the interpretation and application of the unlawful transplantation of nationally protected plants.

The General Office of the State Council has issued the “Implementation Opinions on Strengthening Measures to Stabilize Employment in Response to the Impact of the COVID-19 Epidemic.”

Recently, the General Office of the State Council issued the “Opinions on Strengthening Measures to Stabilize Employment in Response to the Impact of the COVID‑19 Epidemic” (hereinafter referred to as the “Opinions”).