Prohibiting "big data killing" and regulating "automatic renewal", operators should stop collecting prepayments in case of significant business risks. The Implementation Regulations of the Consumer Rights Protection Law of the People's Republic of China will come into effect on July 1, 2024. The Regulations supplement the obligations of operators regarding the protection of the rights and interests of elderly and underage consumers; It is stipulated that operators shall not use technological means to force or indirectly force consumers to purchase goods or receive services; If a business operator provides services through automatic extension, automatic renewal, etc., it shall prominently draw the attention of consumers before they accept the service and before the date of automatic extension, automatic renewal, etc; If the goods or services are not provided as agreed, the consumer shall fulfill the agreement or refund the advance payment as requested by the consumer; If there is a significant business risk that may affect the normal provision of goods or services by the operator in accordance with the contract or trading habits, the prepayment shall be stopped. The new Company Law of the People's Republic of China, which improves the registration system for limited liability companies, will come into effect on July 1, 2024. The newly revised Company Law has improved the registration system for subscribed capital of limited liability companies, clarifying that the subscribed capital of all shareholders shall be fully paid by shareholders within five years from the date of establishment of the company in accordance with the provisions of the company's articles of association; At the same time, for companies registered and established before the implementation of the new Company Law, if the period of capital contribution exceeds the period specified in this Law, unless otherwise provided by laws, administrative regulations or the State Council, they shall gradually be adjusted to within the period specified in this Law; For cases where the deadline and amount of capital contribution are significantly abnormal, the company registration authority may require timely adjustments in accordance with the law. Optimizing the subjects for re applying for driving licenses and piloting the electronicization of motor vehicle driving licenses... The Ministry of Public Security has formulated and introduced 8 new measures for the reform of public security traffic management, which will be implemented from July 1, 2024. Among them, the electronicization of driving licenses and door-to-door express delivery services will be piloted starting from July 1. Specifically, it includes: ① Pilot electronicization of motor vehicle driving licenses. On the basis of fully realizing the electronicization of motor vehicle inspection marks and driver's licenses, we will pilot the electronicization of motor vehicle driving licenses in 60 cities such as Beijing and Tianjin Implement a "one certificate, all procedures" for motorcycle registration Convenient for the public to handle car cancellation procedures online. ④ Promote door-to-door express delivery services to facilitate public affairs Optimize the subjects for re applying for a driver's license. ⑥ Optimize the organization of non motorized vehicle traffic at urban intersections. ⑦ Promote precise online guidance services for traffic management business. ⑧ Launch the "Traffic Management 12123" APP for unit users. To further promote the exchange of Chinese and foreign personnel, China has decided to expand the scope of visa free countries and implement visa free policies for individuals holding ordinary passports in New Zealand, Australia, and Poland. From July 1, 2024 to December 31, 2025, individuals holding ordinary passports from the aforementioned countries who come to China for business, tourism, visiting relatives and friends, and transit for no more than 15 days are eligible for visa free entry. Individuals from the aforementioned countries who do not meet the visa exemption requirements still need to apply for a visa to China before entering the country. Which energy-saving and new energy vehicles can enjoy preferential vehicle and vessel taxes? The Ministry of Industry and Information Technology, the Ministry of Finance, and the State Administration of Taxation jointly issued a notice on adjusting the technical requirements for energy-saving new energy vehicle products that enjoy preferential vehicle and vessel taxes, adjusting the technical requirements for energy-saving and new energy vehicle products that enjoy preferential vehicle and vessel taxes. The announcement will be implemented from July 1, 2024. Among them, in terms of new energy vehicle products, plug-in (including extended range) hybrid passenger vehicles with pure electric driving range should meet the condition that the equivalent full electric range is not less than 43 kilometers. The driving range of pure electric buses (excluding fast charging pure electric buses) shall not be less than 200 kilometers. The pure electric range of plug-in hybrid (including extended range) buses shall not be less than 50 kilometers. The driving range of pure electric trucks shall not be less than 80 kilometers. The pure electric driving range of plug-in hybrid trucks (including extended range) shall not be less than 50 kilometers. In terms of fuel cell commercial vehicles, pure hydrogen has a driving range of no less than 300 kilometers. The policy also stipulates other technical requirements. The State Administration of Financial Supervision has revised and issued the "Management Measures for Fixed Asset Loans," "Management Measures for Working Capital Loans," and "Management Measures for Personal Loans" to reasonably expand the use and scope of fixed asset loans and working capital loans, which will come into effect on July 1, 2024. The key content of the revision includes: firstly, reasonably expanding the use and scope of fixed asset loans and working capital loans, optimizing the calculation requirements of working capital loans, and meeting the actual needs of the credit market. The second is to adjust and optimize the amount standards for entrusted payments, moderately extend the time limit requirements for entrusted payments, and enhance the flexibility of entrusted payments. The third is to combine the online needs of credit processing, clarify the processing forms such as video interviews and off-site investigations, and adapt to new financing scenarios. The fourth is to clarify loan term requirements, guide commercial banks to effectively prevent the risk of loan term mismatch, and further optimize loan structure. The fifth is to further strengthen credit risk control and promote commercial banks to improve the standardization level of credit management. The sixth is to include the "Regulations on the Management of Project Financing Business" as a special chapter in the "Management Measures for Fixed Asset Loans". The discharge of industrial solid waste, noise and other pollutants requires certification. The Ministry of Ecology and Environment has revised and issued the "Management Measures for Pollutant Discharge Permits", which will come into effect on July 1, 2024. The Management Measures highlight the full coverage of pollutant discharge units, environmental management elements, and pollutant discharge management, and specify the comprehensive licensing management for the emission of pollutants such as air pollutants, water pollutants, industrial solid waste, and industrial noise by pollutant discharge units. Fully implement the requirements of relevant laws, regulations, and standards, and include multiple environmental factors such as air, water, solid waste, noise, as well as the control of toxic and harmful substance emissions, soil pollution hazard investigation, self monitoring, and other requirements of key regulatory units for soil pollution in accordance with the law, all of which are included in the pollutant discharge permit. Promote the "one certificate" management of fixed pollution sources. Four departments, including the Office of the Central Cyber Security and Informatization Commission, which can set up at most one portal for a party and government organ, formulated and issued the Regulations on the Security Management of Internet Government Applications, which will come into force on July 1, 2024. The regulations require that the construction and operation of Internet government applications should take technical measures and other necessary measures in accordance with the provisions of relevant laws and administrative regulations and the mandatory requirements of national standards to prevent risks such as content tampering, paralysis caused by attacks, data theft, and ensure the safe and stable operation of Internet government applications and data security. According to regulations, a party and government agency can only open one portal website. The name of the Internet government application shall give priority to the name of the entity and the standardized abbreviation. If other names are used, in principle, the name of the region plus the name of the responsibility shall be adopted, and the name of the entity shall be marked in a prominent position. Further strengthen the management of securities trading fees for public funds and protect the legitimate rights and interests of fund unit holders. The China Securities Regulatory Commission has formulated and issued the "Regulations on the Management of Securities Trading Fees for Publicly Offered Securities Investment Funds", which will be officially implemented from July 1, 2024. The Regulations consist of 19 articles, with four main contents: firstly, to reduce the commission rate for fund stock trading; The second is to lower the upper limit of the commission distribution ratio for fund managers in securities trading; Thirdly, comprehensively strengthen the compliance and internal control requirements of fund managers and securities companies; The fourth is to clarify the disclosure content and requirements of transaction commission information at the fund manager level. The China Securities Regulatory Commission will organize industry institutions to complete the first adjustment of stock trading commission rates before July 1, 2024. Further improve the regulatory rules for operational risks of banking and insurance institutions. The State Administration for Financial Supervision and Administration has revised and issued the "Measures for the Management of Operational Risks of Banking and Insurance Institutions", which will come into effect on July 1, 2024. The Measures clarify the responsibilities of the board of directors, supervisory board, and senior management, define the specific scope and responsibilities of the three lines of defense, and strengthen the operational risk management responsibilities of branch offices and affiliated institutions. The Measures stipulate the basic requirements for operational risk control and mitigation measures such as internal control, business continuity management, network security, data security, and business outsourcing management. They establish a reporting mechanism for operational risk situations and major operational risk events, and apply three basic management tools, including an operational risk loss database, as well as new tools. Clarify the basic requirements for registration in the electricity market, and require trading entities to complete registration or cancellation procedures when entering or exiting the electricity market. Strictly follow the market rules. The National Development and Reform Commission has issued the Basic Rules for the Operation of the Electricity Market, and has made top-level plans to accelerate the construction of a unified national electricity market system, which will be implemented from July 1, 2024. Adjust the rules regarding market scope, operating institutions, and trading entities, and improve the expressions related to market members and market transaction types. Clarify the basic requirements for registration in the electricity market, and the electricity trading institution is responsible for establishing a market registration system, managing registration, reviewing and publishing registration, and submitting to government departments for filing; Trading entities entering or exiting the electricity market must complete registration or cancellation procedures and strictly adhere to market rules. The Ministry of Commerce has issued the "Management Measures for the Filing and Approval of Foreign Contracted Engineering Projects", which will come into effect on July 1, 2024, in response to new policies regarding the filing and approval of foreign contracted engineering projects. According to the "Management Measures", enterprises register their enterprise information through the external contracting project management system of the unified platform of the Ministry of Commerce's business system, handle the filing and approval of engineering projects, and report on the subsequent development of projects. Enterprises can submit relevant materials online and print filing and project approval receipts online when handling related business. According to the "Management Measures", for general project filing, enterprises should fill out the filing form online before bidding or signing the contract. After the business regulatory department accepts the enterprise registration form, the enterprise can print the registration receipt within 3 working days. Enterprises are responsible for the authenticity, accuracy, and completeness of the recorded information. (Lai Xin She)