JC Master Legal News Issue 918

Key Takeaways for This Issue

The China Securities Regulatory Commission and the National Development and Reform Commission have jointly issued the “Notice on Advancing Pilot Work Related to Real Estate Investment Trusts (REITs) in the Infrastructure Sector.”

To implement the decisions and arrangements of the CPC Central Committee and the State Council on deepening reform of the investment‑and‑financing system, proactively and prudently reducing corporate leverage, and maintaining strong efforts to address infrastructure shortcomings, while supporting the implementation of major national strategies, deepening supply‑side structural reform in the financial sector, further enhancing the capital market’s ability to serve the real economy, and promoting high‑quality development of infrastructure, the China Securities Regulatory Commission and the National Development and Reform Commission recently jointly issued the “Notice on Advancing Pilot Work Related to Real Estate Investment Trusts (REITs) in the Infrastructure Sector” (hereinafter referred to as the “Notice”), marking the official launch of the domestic public‑offering REITs pilot program in the infrastructure field.

An official from the Ministry of Commerce provided an overview of China’s service trade performance in the first quarter.

On May 2, a spokesperson from the Department of Service Trade of the Ministry of Commerce provided an overview of China’s service trade performance in the first quarter of 2020.

The State Taxation Administration briefed on the tax authorities’ efforts to implement tax and fee reductions, enhance service delivery, and support the “Six Stabilities” and “Six Guarantees.”

On the morning of April 29, the State Taxation Administration held a press conference to brief the media on the tax authorities’ efforts to implement tax and fee reduction policies, streamline tax filing and payment services, and support the overarching goals of “six stabilizations” and “six guarantees,” while also fielding questions from reporters.

The Supreme People’s Procuratorate has issued the “Key Evaluation Indicators for Case Quality in the Procuratorial Organs.”

Recently, the Supreme People’s Procuratorate issued the “Key Evaluation Indicators for Case Quality in the Procuratorial Organs” (hereinafter referred to as the “Evaluation Indicators”), establishing a case-quality assessment system centered on the “case‑to‑file ratio.” This marks the first time that the procuratorial organs have developed evaluation indicators specifically for case quality. By comprehensively and flexibly applying 51 sets of 87 evaluation indicators, it is possible to assess the quality of the procuratorial organs’ principal judicial and case-handling activities.

The Central Office for Spiritual Civilization has deployed the in-depth implementation of the Patriotic Health Campaign within the framework of activities to promote spiritual civilization.

In order to earnestly implement the important instructions of General Secretary Xi Jinping on deepening the Patriotic Health Campaign, fully leverage the strengths of spiritual civilization development efforts, broadly mobilize the public to participate in the campaign, and foster a favorable social environment for routine epidemic prevention and control, the Central Office for Spiritual Civilization recently issued the “Notice on Deepening the Patriotic Health Campaign within the Framework of Spiritual Civilization Development Activities.”