JC Master Legal News Issue 913

Key Takeaways for This Issue

The China Securities Regulatory Commission is soliciting public comments on the Measures for the Implementation of Supervisory and Administrative Measures in the Securities and Futures Markets.

To further standardize the procedures for implementing supervisory and administrative measures and to fully leverage their role in mitigating market risks and upholding market order, the China Securities Regulatory Commission has, on the basis of the “Measures for the Implementation of Supervisory and Administrative Measures in the Securities and Futures Markets (Trial),” drafted the “Measures for the Implementation of Supervisory and Administrative Measures in the Securities and Futures Markets,” which is now being made public for public comment.

The number of corporate bond applications under the registration-based system has risen to 92, with a proposed issuance size approaching RMB 480 billion.

As of March 26, the Shanghai and Shenzhen stock exchanges have accepted 92 applications for the public issuance of corporate bonds under the registration-based system, with a proposed issuance size of RMB 479.15 billion. Experts believe that, following the implementation of the registration system, corporate bond issuance is set to expand.

Two departments have announced preferential policies on urban land-use tax to support the development of the logistics industry.

Recently, the Ministry of Finance and the State Taxation Administration issued an announcement on the continued implementation of the preferential policy regarding urban land use tax for land used by logistics enterprises for bulk commodity storage facilities.

Beijing enacts its first-ever legislation to safeguard hospital security, adopting a “zero-tolerance” policy toward violence against medical personnel.

To safeguard hospital security and order, punish illegal and criminal acts involving medical institutions, and protect the safety of medical personnel and the public interest, the 20th Meeting of the Standing Committee of the 15th Beijing Municipal People’s Congress conducted the first reading of the “Beijing Municipal Regulations on the Management of Hospital Security and Order (Draft).”

The Political Bureau of the CPC Central Committee convened a meeting to deliberate and make arrangements for further coordinating and advancing both epidemic prevention and control and economic and social development.

On March 27, the Political Bureau of the CPC Central Committee convened a meeting to analyze the domestic and international situation regarding COVID-19 prevention and control and economic performance, deliberate on measures to further coordinate epidemic response with economic and social development, and review the “Report on the Assessment of Poverty Alleviation Achievements in 2019” and the “Comprehensive Report on the Follow-up Inspection of the Central Special Inspection on Poverty Alleviation.”