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Hainan Free Trade Port Plan Unveiled
China’s State Council issued on June 1 a general plan to transform Hainan Province into a free trade port, which pledges to realize free trade, free investment, free transportation, free entry-departure and free trans-border capital flows in China’s southern island province.
Ministry Takes Measures to Improve Rural Employment
The Ministry of Agriculture and Rural Affairs (MOA) announced on May 29 that it would take five measures to support migrant workers who have returned to their rural hometowns to work locally.
Shenzhen to Allow Individual Bankruptcy
The government of Shenzhen, South China’s Guangdong Province, has released a draft regulation allowing individuals to declare themselves insolvent, the first on the Chinese mainland.
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Chinese Courts Become More Transparent
The Chinese Academy of Social Sciences (CASS) published the 2020 Annual Report on Informatization of Chinese Courts on June 2, saying that smart information technologies have made courts more transparent.
Top Court Issues Tougher IP Guidelines
China’s Supreme People’s Court (SPC) issued guidelines on improving the judicial protection of intellectual property (IP) on April 21, requiring a more effective, accurate, equal and stricter protection.
PBoC Emphasizes Reasonable Liquidity
The People’s Bank of China (PBoC) announced on April 3 that it would cut the reserve requirement ratio (RRR) for medium and small banks by 1 percent.