Legislation roundup: Real estate ads, car sales and discredited companies
January 07, 2016 | BY
Katherine JoThe SAIC has imposed stricter rules for displaying real estate prices, MOFCOM has set terms for automobile suppliers and enterprises that violate consumers' rights will be penalized and labeled delinquent
Real Estate
State Administration for Industry and Commerce, Regulations for the Publication of Real Estate Advertisements
If a real estate advertisement indicates the price, it shall clearly indicate that this is the actual sales price and expressly state the period during which this price is valid.
Further reading
Automotive Industry
Ministry of Commerce, Measures for the Administration of the Sale of Motor Vehicles (Draft for Comments)
Where a supplier sells motor vehicles by way of authorization, the term thereof (excluding the period required for constructing the stores) shall in general not be less than three years, and the initial term may not be less than five years.
Further reading
Company Law
State Administration for Industry and Commerce, Tentative Measures for the Administration of the List of Seriously Delinquent and Discredited Enterprises
Enterprises that are characterized by 10 different circumstances, including having committed a violation of the law that caused serious harm to the rights and interests of consumers, will be placed on the list of seriously delinquent and discredited enterprises and be subjected to joint departmental penalties.
See the full translation.
Further reading
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