JC Master Legal News Issue 935

Key Takeaways for This Issue

The China Securities Regulatory Commission has issued the Measures for the Supervision and Administration of Sales Institutions of Publicly Offered Mutual Funds, along with supporting rules.

Recently, the China Securities Regulatory Commission issued the Measures for the Supervision and Administration of Sales Institutions of Publicly Offered Mutual Funds (hereinafter referred to as the “Sales Measures”) along with accompanying rules, which will take effect on October 1, 2020.

The China Securities Regulatory Commission has launched the Shenzhen–Hong Kong ETF Connect product.

Recently, the China Securities Regulatory Commission has approved the registration of two Shenzhen–Hong Kong ETF mutual access products. These funds are established in mainland China by domestic fund managers and operate under the Qualified Domestic Institutional Investor (QDII) framework. They will allocate no less than 90% of their net asset value to a single target ETF listed in Hong Kong, tracking the performance of the Hang Seng China Enterprises Index and the S&P Global Industry (A‑Share Cap) Index. The fund shares are listed and traded on the Shenzhen Stock Exchange.

The Resource Tax Law officially came into effect on September 1, with tax incentives serving as a “catalyst” for enterprises’ green transformation.

The Resource Tax Law of the People’s Republic of China will come into effect on September 1. According to the State Taxation Administration, tax authorities have promptly formulated implementation measures, made corresponding adjustments to information systems, and, through continuous improvements in taxpayer services and ongoing publicity and interpretation efforts, are ensuring the smooth enforcement of the Resource Tax Law and turning tax incentives into a “catalyst” for enterprises’ green transformation.

The Ministry of Commerce and the Ministry of Science and Technology have revised and issued the “Catalogue of Technologies Prohibited or Restricted from Export in China.”

On August 28, the Ministry of Commerce and the Ministry of Science and Technology revised and released the “Catalogue of Technologies Prohibited or Restricted from Export in China.”

This revision of the Catalogue solicited opinions from relevant government departments, industry associations, academic and professional circles, and the general public, encompassing a total of 53 technical entries: first, four technologies previously prohibited from export have been removed; second, five technologies previously subject to export restrictions have been deleted; third, 23 new technologies subject to export restrictions have been added; and fourth, the control criteria and technical parameters for 21 existing entries have been revised.