JC Master Legal News Issue 919

Key Takeaways for This Issue

An official from the relevant department of the China Banking and Insurance Regulatory Commission answered questions from reporters regarding the “Interim Measures for the Administration of Internet Loans by Commercial Banks (Draft for Public Comment).”

Recently, in order to standardize the business practices of commercial banks in the internet lending sector and promote the steady and sound development of such lending, the China Banking and Insurance Regulatory Commission has drafted the Interim Measures for the Administration of Internet Lending by Commercial Banks (Draft for Public Comment) (hereinafter referred to as the “Measures”). Officials from relevant departments of the CBIRC have responded to questions from reporters on related issues.

Eight departments: Implement policies to reduce or defer payment of commercial rents for small and micro enterprises and individual business households in the service sector facing operational difficulties.

Recently, China has introduced policies to reduce or defer rent payments for small and micro enterprises and individual business households in the service sector that are facing operational difficulties, giving priority to sectors severely impacted by the pandemic and struggling to stay afloat—such as catering, accommodation, tourism, education and training, household services, cinemas and theaters, and beauty and hairdressing. Meanwhile, the State Taxation Administration has outlined how tax authorities are implementing measures to cut taxes and fees, streamline services, and support the “six stabilizations” and “six guarantees.”

The Ministry of Finance and the State Taxation Administration have issued an announcement extending the validity period of the VAT exemption policy for small-scale taxpayers.

The Ministry of Finance and the State Taxation Administration recently issued an announcement extending the validity of the tax preferential policies previously introduced to support individual business households in resuming operations until December 31, 2020.

The Supreme People’s Court has released the White Paper on Environmental and Resource Adjudication, the Report on the Development of Environmental Justice, and the Annual Collection of Typical Environmental and Resource Cases.

On May 8, the Supreme People’s Court held a press conference to release the “China Environmental and Resource Adjudication (2019)” (hereinafter referred to as the White Paper), the “China Environmental Justice Development Report (2019)” (hereinafter referred to as the Green Book), and the typical environmental and resource cases adjudicated by the people’s courts in 2019. Tao Kaiyuan, Vice President of the Supreme People’s Court; Lü Zhongmei, Member of the Standing Committee of the National Committee of the Chinese People’s Political Consultative Conference and Executive Deputy Director of the Social and Legal Affairs Committee; and Wang Xuguang, Chief Judge of the Environmental and Resource Adjudication Division of the Supreme People’s Court, attended the conference and presented relevant information. The press conference was chaired by Li Guangyu, Spokesperson of the Supreme People’s Court.

This year, Xinjiang plans to complete over 100,000 units of urban affordable housing projects.

According to the Housing and Urban–Rural Development Department of the Xinjiang Uygur Autonomous Region, this year Xinjiang plans to complete the renovation of 73,160 dilapidated urban housing units and build 35,987 units of public rental housing as part of its urban affordable housing program.