JC Master Legal News Issue 915

Key Takeaways for This Issue

The China Securities Regulatory Commission has issued the “Announcement on Matters Concerning the Audit and Disclosure of Annual Reports of Listed Companies and Other Entities.”

Building on the earlier “Notice on Further Strengthening Financial Support for the Prevention and Control of the Novel Coronavirus Pneumonia Epidemic” (Yin Fa [2020] No. 29), the China Securities Regulatory Commission, in accordance with the spirit and provisions of the Securities Law, the Emergency Response Law, and other relevant laws and regulations, and after consultation with the relevant departments, has issued, in compliance with the law, the “Announcement on Matters Concerning the Audit and Disclosure of Annual Reports of Listed Companies and Other Entities at This Time” (hereinafter referred to as the “Announcement”), which shall take effect from the date of its publication.

The National Development and Reform Commission and the Cyberspace Administration of China have issued the “Implementation Plan for Promoting the ‘Going to the Cloud, Using Data, and Empowering with Intelligence’ Initiative to Foster New Economic Development.”

On April 10, the National Development and Reform Commission and the Cyberspace Administration of China issued the “Implementation Plan for Promoting the ‘Going to the Cloud, Using Data, and Empowering with Intelligence’ Initiative to Foster New Economic Development.”

Premier Li Keqiang presided over an executive meeting of the State Council, during which it was decided to extend certain expiring tax preferential policies until the end of 2023.

On April 7, Premier Li Keqiang presided over an executive meeting of the State Council, which decided to coordinate fiscal and financial policies and extend certain expiring tax preferential measures through the end of 2023.

Local courts pave the way, helping to bring China’s distinctive class-action system to fruition.

In the “Opinions of the CPC Central Committee and the State Council on Establishing a More Complete System and Mechanism for Market-Based Allocation of Production Factors” (hereinafter referred to as the “Opinions”), officially released to the public on April 9, it was once again emphasized that the investor protection system should be improved and that efforts should be made to refine a securities civil litigation system with Chinese characteristics.

The State Council has introduced three new measures to ensure the basic livelihood of unemployed individuals.

On the 10th, the State Council’s Joint Prevention and Control Mechanism held a press conference to brief the public on efforts to improve policy support for vulnerable groups during the pandemic.