Legislation roundup: Insurance, housing loans and cyber ecosystem

Further reading

Tentative Measures for the Oversight of Insurance Asset and Liability Management

China's Pensions Sector Opening Up to Foreign Investment

Foreign Insurers Key to Solving China's Looming Pension Crisis

Banking and Finance

People's Bank of China, Announcement [2019] No.16

中国人民银行公告〔2019〕第16号

Commencing from October 8, 2019, the interest rate on newly extended personal commercial housing loans shall be composed of the prime rate for loans of equivalent term during the past month plus basis points. The basis points shall accord with national and local housing credit policies, reflect the loan risk profile and remain unchanged during the contract term.

Further reading

A Round-up of China's Real Estate Market and Construction Sector in 2018

Tentative Regulations for the Registration of Immovable Property

Cybersecurity

Cyberspace Administration of China, Provisions for Cyber Ecosystem Governance (Draft for Comments)

国家互联网信息办公室网络生态治理规定 (征求意见稿)

Deleterious information with the following content may not be produced:

(2)        content that shows gore, fright, etc. that renders people uncomfortable;

(3)        content that promotes ostentatious, extravagant or other such lifestyles; and

(4)        content that excessively covers rumors on the affairs of celebrities and entertainment gossip.

Further reading

Provisions for the Online Protection of the Personal Information of Children (Draft for Comments)

Measures for the Administration of Data Security (Draft for Comments)