Legislation roundup: Green bonds, auto parallel imports and renewable energy
March 17, 2016 | BY
Katherine Jo &clp articles &The Shanghai Stock Exchange has encouraged green corporate bonds, parallel importing of vehicles has been made easier in the FTZs and provincial renewable energy development targets have been set
Capital Markets
Shanghai Stock Exchange, Circular on Launching a Pilot Project for Green Corporate Bonds
The Shanghai Stock Exchange encourages financial institutions, securities investment funds, other investment products, social security funds, enterprise annuities, social welfare funds, enterprises, public institutions and other such institutional investors to invest in green corporate bonds.
Further reading
Transportation
Ministry of Commerce and Seven Other Departments, Several Opinions on Promoting the Pilot Project for Parallel Import of Motor Vehicles
In free trade zones where approval has been granted to carry out a pilot project for the parallel import of motor vehicles, pilot enterprises are permitted to engage in bonded warehouse business for assembled vehicles in special customs surveillance zones for non-renewable terms of three months.
Further reading
China's auto industry explained
Environmental Protection
National Energy Administration, Guiding Opinions on the Establishment of a Guidance System for Targets of Renewable Energy Development and Utilization
The targets for the share of consumption of power from non-hydropower renewable energy in total power consumption in the provinces (autonomous regions and municipalities directly under the central government) for 2020 issued by the Opinions vary from 5% to 13%, e.g. 10% for Beijing, Tianjin and Shandong.
Further reading
Capital Markets
Shanghai Stock Exchange, Circular on Launching a Pilot Project for Green Corporate Bonds
The Shanghai Stock Exchange encourages financial institutions, securities investment funds, other investment products, social security funds, enterprise annuities, social welfare funds, enterprises, public institutions and other such institutional investors to invest in green corporate bonds.
Further reading
Transportation
Ministry of Commerce and Seven Other Departments, Several Opinions on Promoting the Pilot Project for Parallel Import of Motor Vehicles
In free trade zones where approval has been granted to carry out a pilot project for the parallel import of motor vehicles, pilot enterprises are permitted to engage in bonded warehouse business for assembled vehicles in special customs surveillance zones for non-renewable terms of three months.
Further reading
China's auto industry explained
Environmental Protection
National Energy Administration, Guiding Opinions on the Establishment of a Guidance System for Targets of Renewable Energy Development and Utilization
The targets for the share of consumption of power from non-hydropower renewable energy in total power consumption in the provinces (autonomous regions and municipalities directly under the central government) for 2020 issued by the Opinions vary from 5% to 13%, e.g. 10% for Beijing, Tianjin and Shandong.
Further reading
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