Legal news - Lexis China

MOT Decides to Revise Rules on Safety of Port Facilities and Another Set of Rules [2019-06-24]

Summary:

The Ministry of Transport ("MOT") has recently issued the Decision on Revising the Rules of the People's Republic of China on Safety of Port Facilities (the "Decision") and the Decision on Revising the Rules of the People's Republic of China on Safety of International Vessels, both of which have gone into effect immediately from the date of issuance.

MOHURD Promotes Electronization of Certificates Including Work Safety Permits for Construction Enterprises [2019-06-24]

Summary:

The General Office of the Ministry of Housing and Urban-rural Development ("MOHURD") has recently issued the Opinions on Electronization of Certificates Including Work Safety Permits for Construction Enterprises (the "Opinions").

AMAC Regulates and Guides Due Diligence for ABS Business [2019-06-24]

Summary:

The Asset Management Association of China ("AMAC") has recently issued the Detailed Rules on Due Diligence for Asset-based Securitization Business for Public-Private-Partnership (PPP) Projects, the Detailed Rules on Due Diligence for Asset-based Securitization Business for Accounts Receivables of Enterprises and the Detailed Rules on Due Diligence for Asset-based Securitization Business for Creditor's Rights in Finance Lease (collectively as the "Rules") and simultaneously distributed a circular to clarify relevant work arrangements. The Rules have come into force immediately from the date of issuance.

SSE Formulates and Releases the Guide to Issuance and Listing of Initial Public Offerings on the SSE STAR Market [2019-06-24]

Summary:

The Shanghai Stock Exchange ("SSE") has recently issued the Guide to Issuance and Listing of Initial Public Offerings on the SSE STAR Market (Applicable to Issuers, Lead Underwriters and Sponsors) (Version 1.0) (the "Guide") and the Circular on Matters Concerning Trading of Stocks and Depository Receipts on the SSE STAR Market. The Guide has entered into force immediately from the date of issuance.

SPC Pledges Judicial Safeguards for Launch of SSE STAR Market and Piloting of Registration-based IPO Reform [2019-06-24]

Summary:

The Supreme People's Court ("SPC") has recently distributed the Several Opinions on Providing Judicial Safeguards for the Launch of the SSE STAR Market and the Piloting of Registration-based Initial Public Offering Reform (the "Opinions").

CSRC Unveils Guidelines for Engagement of Publicly-offered Funds in the Lending of Refinancing Securities [2019-06-24]

Summary:

The China Securities Regulatory Commission ("CSRC") has recently issued the Guidelines for Engagement of Publicly-offered Securities Investment Funds in the Lending of Refinancing Securities (for Trial Implementation) (the "Guidelines"), and on the same day, the Asset Management Association of China ("AMAC") released the Guidelines for the Financial Accounting and Valuation for Engagement of Securities Investment Funds in the Lending of Refinancing Securities (for Trial Implementation). Both guidelines have taken effect immediately from the date of issuance.

CPCCC and State Council Vow to Enhance Rural Governance and Push Ahead Law-based Rural Development [2019-06-24]

Summary:

The General Office of the Central Committee of the Communist Party of China ("CPCCC") and the General Office of the State Council have recently issued the Guiding Opinions on Enhancing and Improving Rural Governance (the "Opinions").

MOT Regulates Business Processing via Internet Road Transport Governmental Service System for People's Convenience [2019-06-21]

Summary:

The General Office of the Ministry of Transport ("MOT") has recently distributed the Guide to Business Processing in the Internet Road Transport Governmental Service System for the Convenience of People (for Trial Implementation) (the "Guide"), with effect from December 31, 2019.

MEE Unveils Administrative Provisions on the Qualification of Non-destructive Testers for Civil Nuclear Safety Equipment [2019-06-21]

Summary:

The Ministry of Ecology and Environment ("MEE") has recently issued the Administrative Provisions on the Qualification of Welders for Civil Nuclear Safety Equipment and the Administrative Provisions on the Qualification of Non-destructive Testers for Civil Nuclear Safety Equipment (the "Provisions"), with effect from January 1, 2020.

MOT Publishes the Implementation Plan for Launching a Pilot Scheme on the Notification and Commitment System for Certification Items [2019-06-21]

Summary:

The General Office of the Ministry of Transport ("MOT") has recently issued the Implementation Plan for Launching a Pilot Scheme on the Notification and Commitment System for Certification Items (the "Plan").

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