JC Master Legal News Issue 923

Key Takeaways for This Issue

Notice on Matters Relating to the Filing and Listing of Red-Chip Enterprises on the STAR Market

To further implement the provisions of the “Opinions on Establishing the STAR Market at the Shanghai Stock Exchange and Piloting the Registration-Based System,” which allow red-chip enterprises to apply for the issuance of shares or depositary receipts and list on the STAR Market, and to clarify the procedures for red-chip enterprises to file applications related to the STAR Market, the associated information disclosure requirements, and the ongoing regulatory framework, and in light of issues identified during the review process for issuance and listing, the Shanghai Stock Exchange, with the approval of the China Securities Regulatory Commission, hereby issues a notice on the relevant matters.

Shanghai and 26 other localities have explicitly encouraged the development of the street‑vendor economy.

The street‑vendor economy is a key hallmark of urban vitality. According to incomplete statistics, as of now, at least 27 cities—including Shanghai, Jinan, Nanning, Zhengzhou, Nanjing, Chengdu, Hefei, Xiamen, Shaanxi, Liaoning, Jiangxi, Gansu, Changchun, Hangzhou, Changsha, Shijiazhuang, Qingdao, Yichang, Huanggang, Deyang, Panzhihua, Guang’an, Nanchong, Ziyang, Suining, and Pengzhou—have explicitly endorsed the development of the informal street‑vendor economy.

The Meeting of the Belt and Road Tax Administration Cooperation Mechanism was held, with all parties deepening tax cooperation and working together to fight the pandemic.

On the evening of June 2, the Belt and Road Tax Administration Cooperation Mechanism meeting, themed “Uniting in Fighting the Pandemic and Overcoming Difficulties Together,” was held via video link. Wang Jun, Chairman of the Council of the Belt and Road Tax Administration Cooperation Mechanism and Director of the State Taxation Administration of China, attended the meeting and delivered a speech.

The Supreme People’s Procuratorate: Will continue to strengthen oversight and rectification of issues such as “bribing one’s way out of prison” and “buying one’s way out of jail.”

At 10:00 a.m. on June 3, the Supreme People’s Procuratorate held a press conference titled “Strengthening Supervision over the Execution of Sentence Modifications to Promote Win-Win and Multi-Win Outcomes,” which featured three agenda items: an overview of how procuratorial organs nationwide have carried out legal supervision over the execution of sentence modifications; the release of the Supreme People’s Procuratorate’s 19th batch of guiding cases; and a Q&A session with reporters.