JC Master Legal News Issue 941

Key Takeaways for This Issue

The Shanghai Stock Exchange Answers Questions from the Press on “Guidance No. 2 on the Application of Self-Regulatory Rules for Listed Companies of the Shanghai Stock Exchange—Standards for Imposing Disciplinary Sanctions”

Today, the Shanghai Stock Exchange officially released the “Shanghai Stock Exchange Guidelines on the Application of Self-Regulatory Rules for Listed Companies, No. 2: Standards for Imposing Disciplinary Sanctions” (hereinafter referred to as the “Sanction Standards”). In response to inquiries from reporters regarding the issuance of the Sanction Standards, a relevant official from the Shanghai Stock Exchange provided answers.

Tax and fee cuts are boosting the recovery of Chinese market entities.

China’s consumption potential continues to unfold, and market entities are steadily regaining their vitality. According to VAT invoice data released by the State Taxation Administration, from October 1 to 8, the domestic consumer market staged a robust recovery, with both goods‑related and service‑related spending showing clear signs of improvement.

Several pharmacies in Guangzhou have run out of Banlangen, and recurring outbreaks are likely to further boost or spark a new rally in the pharmaceutical sector.

The Zhong Nanshan team’s conclusion that “the compound Banlangen from Baiyun Mountain is effective against the novel coronavirus” has drawn intense market attention. Analysts note that the pandemic has profoundly shaped consumer sentiment, and recurring outbreaks could further boost demand for related pharmaceutical products. As we entered the third quarter, the pharmaceutical sector adjusted in tandem with the easing of domestic COVID‑19 conditions; however, the fourth quarter may present an excellent opportunity for it to regain lost ground.

The Supreme People’s Court has issued a document to standardize the format of documents used in the pilot program for streamlining and differentiating civil litigation procedures.

To further advance the pilot program for streamlining and differentiating civil litigation procedures, and in accordance with the new requirements of the pilot, the Supreme People’s Court recently issued the “Notice on Issuing the ‘Sample Forms of Litigation Documents Related to the Pilot Reform on Streamlining and Differentiating Civil Litigation Procedures,’” with the aim of further standardizing document formats, enhancing document quality, and effectively safeguarding the lawful litigation rights of the parties.