JC Master Legal News Issue 952

Key Takeaways for This Issue

A responsible official from the relevant department of the China Securities Regulatory Commission answered questions from reporters regarding the new delisting rules.

On December 31, the Shanghai Stock Exchange and the Shenzhen Stock Exchange officially released the “Stock Listing Rules (Revised in 2020),” the “GEM Stock Listing Rules (Revised in December 2020),” the “Trading Rules (Revised in December 2020),” and the “Measures for the Re‑listing of Delisted Companies (Revised in 2020)” (hereinafter collectively referred to as the new delisting regulations). These rules shall take effect from the date of their publication. A responsible official from the relevant department of the China Securities Regulatory Commission answered reporters’ questions on issues of concern to the market.

Meituan has been hit with an antitrust lawsuit for removing the Alipay payment channel.

Recently, Meituan has been hit with an antitrust lawsuit, which has now been officially filed and is under review by the Beijing Intellectual Property Court. According to Civil Case Acceptance Notice No. (2020) Jing 73 Min Chu 888 issued by the Beijing Intellectual Property Court, a case has been initiated in which Wang filed a complaint against the defendants, Beijing Sankuai Technology Co., Ltd. and Beijing Sankuai Information Technology Co., Ltd., alleging abuse of dominant market position. Following examination, the case was found to meet the acceptance criteria stipulated in the Civil Procedure Law of the People’s Republic of China, and the court has decided to proceed with the trial. Meanwhile, three government departments have jointly issued a document clarifying the “zero-tariff” policy for vehicles and yachts in the Hainan Free Trade Port.

The Hainan Provincial Department of Finance, Haikou Customs, and the Hainan Provincial Tax Service Bureau of the State Taxation Administration, in order to implement the Overall Plan for the Construction of the Hainan Free Trade Port and with the approval of the State Council, hereby promulgate the “zero‑tariff” policy for transport vehicles and yachts in the Hainan Free Trade Port.

The latest judicial interpretation has been promulgated, covering property rights, marriage and family matters, inheritance, construction project contracts, and labor disputes.

In accordance with the principles of “unified planning, phased formulation, prioritizing urgent needs, and focusing on key areas,” the Supreme People’s Court has formulated a first batch of seven new judicial interpretations to complement the Civil Code. These were promulgated together and will take effect simultaneously with the Civil Code on January 1, 2021.