JC Master Legal News Issue 922

Key Takeaways for This Issue

Notice on the Issuance and Implementation of the Articles of Association of the Shanghai Stock Exchange (Revised in 2020)

The Articles of Association of the Shanghai Stock Exchange (revised in 2020), as approved at the Exchange’s Tenth Members’ Congress, has been endorsed by the China Securities Regulatory Commission and is hereby promulgated and put into effect.

China’s steady economic recovery boosts global confidence—international community closely watches China’s Two Sessions.

In recent days, China’s Two Sessions have drawn global attention, with the international community highly commending the positive signals they convey. Observers note that, amid numerous uncertainties facing the world economy, the measures unveiled by the Chinese government are highly targeted. By containing the pandemic at a relatively low cost, China is now focusing on resuming work and production to make up for economic losses—actions that have bolstered global confidence in overcoming the pandemic and accelerating economic recovery.

Resolutely implement the decisions and arrangements of the CPC Central Committee and the State Council to stabilize the fundamentals of foreign trade and foreign investment: the fundamentals of foreign trade and foreign investment will surely be stabilized.

Following the conclusion of the second plenary session of the Third Meeting of the 13th National People’s Congress, the second “Ministerial Passage” was convened. In an interview with the media at the “Ministerial Passage,” Minister of Commerce Zhong Shan stated that it is imperative to resolutely implement the decisions and arrangements of the CPC Central Committee and the State Council to stabilize the fundamentals of foreign trade and foreign investment, expressing confidence that, through the concerted efforts of the entire nation, these fundamentals will indeed be secured.

China’s first Civil Code has been adopted and will come into effect on January 1, 2021.

The Third Session of the 13th National People’s Congress adopted the Civil Code of the People’s Republic of China. The law shall come into force on January 1, 2021.