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)
国家发展改革委员会产业结构调整指导目录 (2019年本，征求意见稿)
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
Special Administrative Measures for Foreign Investment Access (Negative List) (2018 Edition)
Foreign Investment Industrial Guidance Catalogue (Amended in 2017)
China Issues Market-Entry Negative List And Publishes Draft Foreign Investment Law
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
Taking China's Asset Management to the Next Level
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
Circular on Issues Relevant to Environmental Protection Tax
Implementing Regulations for the PRC Environmental Protection Tax Law
PRC Environmental Protection Tax Law
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