Legislation roundup: Industrial catalogue, asset management and carbon trading
April 11, 2019 | BY
Susan MokGuiding catalogue of industrial structure encourages big data and AI technology, banks' liability for asset management is protected and draft regulations are issued on carbon trading.
Investment Policy
National Development and Reform Commission, Catalogue for Guiding the Adjustment of the Industrial Structure (2019 Edition, Draft for Comments)
As compared to the 2013 edition, the 2019 edition of the Guiding Catalogue adds "big data, cloud computing, information technology services, and blockchain information services to the extent permitted by the state", industrial internet networks, platforms, etc. and "research and manufacturing of quantum, brain-like and other such new mechanisms for computer systems" to "information industry" in the encouraged category.
See the digest for more details.
Further reading
Banking
China Banking Association, Guidelines for the Asset Custody Business of Commercial Banks
A custodian does not bear joint and several liability for the acts of relevant institutions such as managers and entrusted parties, unless otherwise provided in laws or regulations, or in the custody contract.
Further reading
Environmental Protection
Ministry of Ecology and Environment, Tentative Regulations for the Administration of Carbon Emissions Trading (Draft for Comments)
Key emitting entities and other qualified entities and individuals that wish to voluntarily participate may purchase carbon emission rights, and may also sell or mortgage the carbon emission rights that they have lawfully obtained.
See the digest for more details.
Further reading
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