Legislation roundup: Shanghai-Hong Kong Stock Connect, gold import/export and standardisation

Capital markets

China Securities Regulatory Commission, Guidelines on the Participation in Trading Through the Shanghai-Hong Kong Stock Connect by Publicly Offered Securities Investment Funds
中国证券监督管理委员会公开募集证券投资基金参与沪港通交易指引

The Guidelines specify that fund managers may offer new funds and invest in Hong Kong market stocks through the Shanghai-Hong Kong Stock Connect without requiring qualified domestic institutional investor (QDII) qualifications.

See the digest for more details.

Further reading
Circular on the Issue of Provisionally Exempting the Proceeds Derived in China by QFIIs and RQFIIs from the Transfer of Stocks and Other Such Equity Investment Assets from Enterprise Income Tax
Circular on Tax Policies Relevant to the Pilot Project for the Mechanisms to Provide Mutual Trading Access Between the Shanghai and Hong Kong Stock Markets


People's Bank of China and General Administration of Customs, Measures for Administration of the Import and Export of Gold and Gold Products
中国人民银行、海关总署黄金及黄金制品进出口管理办法

The People's Bank of China may, based on the requirements of state macroeconomic control, carry out restrictive examination and approval of the quantity of imported and exported gold and gold products.

See the digest for more details.

Further reading
Circular on Issues Relevant to the Engagement in Domestic Gold Futures Trading by Commercial Banks


Standardisation

State Council, Reform Plan for Intensifying Standardisation
国务院深化标准化工作改革方案

The Plan proposes that current mandatory state standards, industry standards and local standards are to be gradually integrated as mandatory state standards. In terms of the scope of the standards, mandatory state standards will be strictly restricted to protecting the safety of human health, life and property, national security and ecological environment safety, and satisfying the basic requirements of social and economic administration.

See the digest for more details.

Further reading
Measures on Compulsory Patent Licensing
Cause for concern