Legislation roundup: Civil law, asset management and alternative energy vehicles
July 26, 2018 | BY
Susan MokA 3-year limitation period is applied to civil law cases, private asset management plans of securities firms are regulated and the number of alternative energy vehicles produced is under control
Civil Law
Supreme People's Court, Interpretation on Several Issues Concerning the Application of the System on the Limitation of Actions in the <PRC General Provisions of the Civil Law>
Where a period of limitation of actions has commenced to count after the implementation of the PRC General Provisions of the Civil Law, the provision on the three-year period of limitation of actions of Article 188 of the General Provisions shall apply. Where a party asserts that the provision on the two-year or one-year period of limitation of actions of the General Principles of the Civil Law be applied, the people's court shall reject such assertion.
Further reading
Capital Markets
China Securities Regulatory Commission, Measures for the Administration of the Private Asset Management Business of Securities and Futures Firms (Draft for Comments)
An asset management plan may not invest directly in credit assets of commercial banks, or directly or indirectly invest in industries or sectors the investment in which is prohibited by laws, administrative regulations or state policies.
The total assets of an asset management plan may not exceed 200% of its net assets.
Further reading
Transportation
National Development and Reform Commission, Provisions for the Administration of Investment in the Automotive Industry (Draft for Comments)
A greenfield independent investment project of a battery electric vehicle enterprise may not be established in a province if the percentage of vehicle parc accounted for by alternative energy vehicles in the province in question is less than the national average.
Further reading
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