news

china-singapore jingwei, september 30 (zhang shunan) october is about to enter, and a number of national and local new regulations will be implemented. let’s see which ones are relevant to you.

【national】

new stamp duty policy will be implemented

the "announcement on stamp duty policies on enterprise restructuring and restructuring and public institution restructuring" has been implemented since october 1. it clarifies that in terms of stamp tax policy on business books, for new enterprises established during the process of enterprise restructuring and reorganization and public institution restructuring, their newly opened business the total amount of paid-in capital (share capital) and capital reserves recorded in the account books will no longer be subject to stamp duty on the part that has been paid stamp duty. in terms of stamp tax policy on property rights transfer documents, stamp tax is exempted from property rights transfer documents issued due to enterprise restructuring, merger, division, bankruptcy liquidation, and public institution restructuring.

　　data map, photographed by xiong siyi of china-singapore jingwei.

focus on monitoring abnormal trading behavior

the "regulations on the administration of programmed transactions in the securities market (trial)" will be implemented on october 8. the "management regulations" clarify that stock exchanges implement real-time monitoring of programmed transactions and focus on monitoring abnormal trading behaviors. clarify the definition of high-frequency trading and propose differentiated regulatory requirements in terms of reporting information, fees, transaction monitoring, etc.

the science and technology innovation board has launched a new offline market with a stock market value threshold of 6 million yuan

according to the "implementation rules for the offline issuance of initial public offerings of stocks in the shanghai market (revised in 2024)" issued by the shanghai stock exchange, starting from october 1, offline investors and their managed placement targets who participate in the offline issuance of new shares on the science and technology innovation board, in addition to meeting the current market value threshold requirements, the lead underwriter should also require that the daily average market value of the total market value of non-restricted a-shares and non-restricted depositary receipts held by it on the science and technology innovation board in the 20 trading days before the base date is 600 ten thousand yuan (inclusive) and above.

the "measures of the customs of the people's republic of china on the supervision of duty-free shops in the city" will be implemented

the "measures of the customs of the people's republic of china on the supervision of duty-free shops in the city" will come into effect on october 1. operating duty-free shops in the city must comply with customs supervision requirements, have online verification conditions, be approved by the customs, and go through registration procedures. domestic goods entering the city's duty-free shops are deemed to be exported and must comply with relevant national requirements on export control and duty-free shops operating tax refunds on domestic products. shopping passengers should take the purchased duty-free goods out of the country at one time. they are not allowed to purchase or reserve the goods at duty-free shops in the city, store them at the port and pick them up when entering the country.

the advance collection period for elderly care service fees shall not exceed 12 months.

seven departments including the ministry of civil affairs issued the "guiding opinions on strengthening the supervision of advance fees in elderly care institutions" which will come into effect on october 1. the "opinions" clarify that the period for advance collection of elderly care service fees shall not exceed 12 months at most, and the deposit collected from a single elderly person shall not exceed 12 times the monthly bed fee for that elderly person; for prepaid fees that meet the refund conditions stipulated in the service agreement, elderly care institutions shall promptly refund fees as agreed and shall not refuse or delay.

the net content labeling of quantitatively packaged products should be clearly visible

the revised new version of the "measurement and inspection rules for net content of quantitatively packaged commodities" will be implemented on october 12. it clearly stipulates that the net content label "should be clearly visible, the main display surface of the product packaging or the prominent position of the product label, and the background of the product packaging." there is a clear difference in color." principle requirements for misleading quantitatively packaged goods: quantitatively packaged goods should not be constructed or filled in a manner that misleads or deceives consumers.

two national standards for central kitchens will be implemented

two national standards, "central kitchen construction requirements" and "central kitchen operation and management specifications", will be implemented on october 1. the "central kitchen construction requirements" provides four requirements for the location and overall layout of the central kitchen, the setting of the processing area, the main construction, and the facilities and equipment. the "central kitchen operation and management specifications" provides guidance for the operation and management of central kitchens, and puts forward specific and detailed requirements for the procurement and acceptance of raw and auxiliary materials, operation and processing, inspection and sample retention, warehousing, distribution, and delivery.

【place】

"shanghai regulations on promoting the construction of an international financial center" will be implemented

the "regulations of shanghai municipality on promoting the construction of an international financial center" will come into effect on october 1. this revision has revised the regulations from the original eight chapters and thirty-nine articles to eight chapters and sixty-five articles. in terms of deepening financial reform, we will promote the high-quality development of the capital market and cooperate with the deepening of the stock issuance registration system and the reform of the science and technology innovation board.

shanghai: the minimum down payment for a first-time commercial loan is "not less than 15%"

six departments including the shanghai municipal housing and urban-rural development management committee jointly issued the "notice on further optimizing policies and measures for the city's real estate market" which will come into effect on october 1. the "notice" proposes to optimize the relevant policies for personal housing loans in accordance with the principle of city-specific policy implementation, including reducing the down payment ratio of housing loans. the minimum down payment ratio for commercial personal housing loans for first homes is adjusted from "not less than 20%" to "not less than 15%". the second home loan is adjusted from "not less than 35%" to "not less than 25%"; the area where differentiated policies are implemented is adjusted from "not less than 30%" to "not less than 20%". the minimum down payment ratio for housing provident fund second home loans will be adjusted accordingly.

beijing: rental rents and deposits will be subject to supervision

from october 1, the "beijing interim measures for housing rental deposit custody and rent supervision" will come into effect. the biggest feature of the method is to introduce the municipal capital center as a third-party independent regulatory agency to give full play to the independence and professional advantages of fund management and strengthen the supervision of housing rental funds. the beijing capital center opens an account in the winning commercial bank for deposit custody. the beijing housing fund management center is responsible for the city’s account management for deposit custody and rent supervision.

zhengzhou: will implement existing housing transaction settlement fund supervision system

the "zhengzhou city existing house transaction settlement fund management measures" will come into effect on october 1. the house payment (including one-time payment, down payment, mortgage loan and other forms of house payment, etc.) agreed in the existing house sales contract between the parties to the transaction shall be deposited. after entering the special bank account for customer transaction settlement funds of zhengzhou housing real estate financing guarantee co., ltd., both parties to the transaction can apply for relevant business. unless otherwise agreed by the parties to the transaction, all funds for existing housing transactions completed through real estate brokerage institutions shall be included in fund supervision.

guangzhou and other eight cities will each set up one duty-free shop in the city.

according to the "notice on improving the city's duty-free shop policies" issued by the ministry of finance and other five departments, it will come into effect on october 1. according to the notice, one city store will be established in eight cities including guangzhou, chengdu, shenzhen, and tianjin. in-house duty-free shops, etc. (china-singapore jingwei app)

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