China Justice Observer

中司观察

EnglishArabicChinese (Simplified)DutchFrenchGermanHindiItalianJapaneseKoreanPortugueseRussianSpanishSwedishHebrewIndonesianVietnameseThaiTurkishMalay

China Issues Draft Negative List for Market Access (2021)

Tue, 16 Nov 2021
Categories: China Legal Trends

On 8 Oct. 2021, the National Development and Reform Commission (NDRC) released the Negative List for Market Access (2021 Edition) (“Negative List (2021)”) (市场准入负面清单(2021年版)) (简称《负面清单(2021年)》) to seek public comments through 14 Oct.

The Negative List (2021) now includes six prohibited access items and 111 permitted access items, totaling 117 items, 6 items less than the 2020 version.

The Negative List (2021) specifies prohibitions on finance-related businesses as well as news and media-related businesses in violation of regulations.

In addition, the Negative List (2021) includes virtual currency mining among “backward production technology and equipment”, classifying it as eliminated and prohibiting investment in it, which serves as part of amendments based on the Catalogue for Guidance of Industrial Restructuring(产业结构调整指导目录).

 

 

Cover Photo by wudan3551 on Unsplash

Contributors: CJO Staff Contributors Team

Save as PDF

You might also like

SPC Releases Judicial Interpretation on Contract Law

In December 2023, China's Supreme People's Court issued a judicial interpretation on the Contract section of the Civil Code, aimed at guiding courts in adjudicating disputes and ensuring nationwide consistency in application.

China Introduces New Drunk Driving Convictions Standards Effective 2023

In December 2023, China announced updated standards for drunk driving convictions, stating that individuals who drive with a blood alcohol content (BAC) of 80mg/100ml or higher on a breath test may be held criminally liable, according to the recent joint announcement by the Supreme People's Court, Supreme People's Procuratorate, Ministry of Public Security, and Ministry of Justice.

SPC's Revised Rules Extend Reach of International Commercial Courts

In December 2023, China's Supreme People’s Court's newly amended provisions extended the reach of its International Commercial Courts (CICC). To establish a valid choice of court agreement, three requirements must be met - the international nature, the agreement in writing, and the amount in controversy - while the 'actual connection' is no longer required.

SPC Releases Typical Cases of Punitive Damages for Food Safety

In November 2023, China's Supreme People's Court (SPC) released typical cases of punitive damages for food safety, emphasizing consumer rights protection and highlighting instances of tenfold compensation awarded to consumers for food safety violations.