How Does The New Regulation Affect Your Life?

The implementation of the new regulation is influenced by many factors.

The import tariffs will be substantially reduced; the vast majority of drug pricing will be abolished; private capital will be encouraged to participate in infrastructure and public utilities investment.

In June 1st, a number of rules and regulations related to the national economy and people's livelihood were put into effect, which will have a profound impact on our lives.

Diapers

Import tariff drop

In accordance with the decision of the Executive Council of the State Council in April 28, 2015, in order to improve the import and export policies of consumer goods and enrich the shopping choices of domestic consumers, we should carry out pilot projects to reduce import tariffs on consumer goods, which are part of a large demand for domestic consumers.

To this end, the State Council's tariff Tariff Commission has submitted and submitted approval to the State Council. Since June 1, 2015, China will reduce its part.

The import tariff rate of daily consumer goods such as footwear, skin care products, diapers and so on, has fallen by an average of more than 50%.

In this adjustment, import tariffs on suits and fur clothing will be reduced from 14%-23% to 7%-10%, import tariffs on boots, sports shoes and so on will be reduced from 12% to 22%-24%. The import tariff of diapers will be reduced from 7.5% to 2%, and the import duty of skin care products will be reduced from 5% to 2%.

Among them, paper diapers are the biggest drop.

The tariff reduction is quite large, the largest in recent years, which means that importers can undoubtedly save a lot.

Drugs

Abolish government pricing

In May 5th, the NDRC website announced that, with the approval of the State Council, the national development and Reform Commission jointly issued the notice on Issuing the opinions on promoting drug price reform with the national health and Family Planning Commission, the Ministry of human resources and social security and other departments. It decided to remove most of the government's pricing of drugs from June 1, 2015, improve the mechanism of drug procurement, and play a role in controlling the cost of medical insurance, and the actual paction price of drugs is mainly formed by market competition.

The notice stipulates that except for narcotic drugs and the first class psychotropic substances, the government's pricing of other medicines will be abolished and the maximum retail price limit management will be abolished temporarily by the State Development and Reform Commission.

The "opinion" is equivalent to lowering the price of drugs, so that the drugs can be more fully competitive in the market. Some high priced drugs will return to a reasonable price, and the price of prescription drugs in hospitals is expected to decline.

Bank card

Over the past 13 years, the China UnionPay has established the infrastructure, such as the clearing standard, business rules and paction processing system of the UnionPay card, which has played a great role in promoting the rapid development of China's bankcard industry and the strategic layout of China's financial infrastructure.

However, in the context of the continuous expansion and deepening of opening up to the outside world and the rapid popularization of mobile Internet, the market has diversified and differentiated demands for bank card clearing services. The opening of bank card clearing business has become an inevitable requirement for the development of market economy.

The State Council issued the decision of the State Council on implementing the admittance management of bank card clearing institutions, which shall come into force on June 1, 2015.

The decision calls for a complete liberalization of the bank clearing market and allowing domestic and foreign institutions to compete in the market.

In other words, in the past, the UnionPay as the sole protagonist of the clearing market helped the more than 200 banks across the country to carry out interbank liquidation and earn a credit card fee.

For cardholders, the future bank card is not only printed with "UnionPay" logo, but also Alipay or VISA.

And multi brand competition is good for banks and cardholders.

Shanghai Stock Exchange

Three additional information disclosure periods

In May 25th, the Shanghai Stock Exchange issued the notice on increasing the information disclosure period of listed companies.

Since June 1st, there have been three additional periods of information disclosure: the establishment of a non trading day's information disclosure period (13:00-17:00) on the last day of a single non trading day or continuous non trading day, and the addition of two information disclosure periods at morning and noon on the trading day. The time for the disclosure of information in the morning is 7:30-8:30 and the time for noon information disclosure is 11:30-12:30.

Automobile insurance

The minimum can be hit to sixty percent off.

In Heilongjiang, Shandong, Qingdao, Guangxi, Shaanxi and Chongqing, 6 commercial vehicle insurance reform pilot areas completed the switch of new and old vehicle insurance clauses in June 1st.

After the market reform of vehicle insurance premium rate, the insurance companies with strong operating ability and good cost control can benefit consumers, and are no longer limited by the minimum thirty percent off of vehicle insurance premiums. All premiums with the lowest premium can be hit to sixty percent off.

At the same time, low risk customers can enjoy more favorable prices than high risk customers, thereby improving road traffic conditions, which is good for insurance companies and consumers.

Open to public funding

capital construction

The "management of infrastructure and Public Utilities Franchise" issued in April 27th will be formally implemented in June 1st. It clearly stipulates that franchising should be carried out in the fields of energy, pportation, water conservancy, environmental protection, municipal infrastructure and public utilities. Both domestic and overseas legal persons or other organizations can participate in investment, construction and operation of infrastructure and public utilities and gain profits through open competition within a certain period and scope.

Li Kang, director of the state regulatory commission of NDRC, said that after the implementation of the measures, no administrative examination and approval procedures or approval procedures for market participants will be added.

website

In the 9 case, the chief editor will be interviewed.

In April 28th, the state Internet Information Office officially promulgated the "Regulations on the work of interviewing news and information service units on the Internet". In the future, if the Internet news and information service units appear in 9 situations: "content management and network security system are not sound and not implemented", the principal responsible person or chief editor will be interviewed.

According to this regulation, the Internet news and information service unit has one of the following 9 situations.

(1) failing to deal with complaints and reports of complaints about Internet news and information services by citizens, legal persons and other organizations in a timely manner; (two) obtaining illegitimate interests through the collection, publication, repmission and deletion of news information; (three) serious violations of relevant provisions in the registration, use and management of Internet users' account names; (four) failing to deal with illegal information in a timely manner; and (five) failing to implement the regulatory measures in a serious manner; (six) failing to implement the content management and network security system; (seven) giving prominence to the problems in daily assessment of the website; (eight) giving prominence to the problems in the annual inspection; (nine) other violations of relevant laws and regulations requiring interviews.

Short message

The maximum penalty is 30 thousand.

In May 28th, the Ministry of industry and Commerce announced the "Regulations on the management of communication short message service", and explicitly stated that no commercial short messages could be sent to them without the consent or request of users.

If the user agrees, he expressly refuses to receive commercial short messages, or he will impose a fine of 10 thousand to 30 thousand yuan, which will be effective from June 30th.

Travel?

Singapore

Extend visa for Chinese tourists

The Singapore Immigration Authority announced that it will open new visa measures for Chinese citizens. Since June 1, 2015, Singapore's immigration authority has issued a number of valid visa (MJV) to Singapore for up to 10 years to facilitate Chinese tourists to visit Singapore.

If the applicant is eligible, his spouse and children under the age of 21 will receive the same period of validity.

Jeju Island, Korea

Visitors pfer to Seoul without visa

According to South Korean media, the Ministry of justice of South Korea said that the Ministry of foreign affairs of Korea will designate Seoul Kimpo Airport as a visa free entry airport for 11 consecutive visitors. The final destination for foreign tourists in Jeju will be exempt from visa from June 1st and stay at the airport for the longest 5 days.

South Korea's Kimpo Airport will be the seventh pit visa free entry airport after Inchon, Jinhai, Qingzhou, Xiangyang, and Daegu International Airport.

India to Chinese citizens

Issuing electronic tourist visas

India's prime minister Modi announced that India will issue an electronic tourist visa to Chinese citizens in June to celebrate the 2015 Sino Indian exchange year.

India electronic visa is very simple, that is, through the network application, receive money to the visa, do not need to go to the India embassy to go through the formalities.

At this point, India visa has entered the ranks of no threshold, convenient, and almost equivalent to visa free.