A number of new regulations have been officially implemented since March, which are related to mortgages, A shares and driver’s licenses!

　　Zhongxin Jingwei Client February 29th (Dong Wenbo) is about to enter March, and a number of new regulations will officially land, affecting your life and mine. Stock mortgage interest rate "change anchor", the implementation of the new securities law, the cancellation of the 360-day certification period by ordinary taxpayers, and the maximum reduction of driver’s license score by 6 points … … Let’s take a sneak peek together!

　　New national regulations

　　Stock mortgage interest rate "change anchor"

　　The central bank issued a notice on December 28, 2019, saying that since March 1, 2020, financial institutions have officially converted the pricing benchmark of floating interest rate loans. There are two ways, one is to add points based on LPR, and the other is to convert them into fixed interest rates. The above work should be completed before August 31, 2020 in principle.

　　Dong Ximiao, chief researcher of Xinwang Bank, pointed out that with the stable epidemic situation, it is not a big problem to complete the "anchor change" work before the end of August. At present, the market liquidity will continue to be in a reasonable and abundant state, and the market interest rate is expected to further decline. In this case, the mortgage interest rate may have some downside.

　　Data map. Zhongxin Jingwei Xiong Siyi photo

　　The new securities law will be implemented on March 1st.

　　On December 28th, 2019, the 15th meeting of the 13th the National People’s Congress Standing Committee (NPCSC) voted to pass the newly revised Securities Law of People’s Republic of China (PRC) (hereinafter referred to as the "New Securities Law"), which will take effect on March 1st, 2020. The revision of the new securities law includes ten aspects: expanding the scope of application of the law, promoting the registration system, streamlining and optimizing the conditions of securities issuance and trading, strengthening information disclosure requirements, strengthening investor protection, and greatly increasing the cost of violation of laws and regulations.

　　Judging from the penalties for violations of laws and regulations, the new securities law raises the maximum fine for letter-wearing violations from 600,000 yuan to 10 million yuan, and the maximum fine for fraudulent issuance to 20 million yuan; For insider trading and market manipulation, the maximum fine will be raised from 5 times to 10 times of the illegal income. If there is no illegal income, the maximum fine will be raised from 600,000 yuan to 5 million yuan and 10 million yuan. Insiders pointed out that after the implementation of the new securities law, it is expected that illegal activities in the capital market will be deterred and contained.

　　Some property insurance products were changed from approval to filing.

　　On February 26th, China Banking and Insurance Regulatory Commission website issued the Notice on Further Strengthening and Improving Product Supervision of Property Insurance Companies (hereinafter referred to as the Notice), which made a series of specifications on the scope and filing process of product approval, and it was officially implemented on March 1st.

　　The "Notice" adjusted the scope of product approval and filing, and changed the motor vehicle commercial insurance, credit insurance and guarantee insurance products that use demonstration products from approval to filing, and the products that originally belonged to the filing category still adopted filing management. At the same time, product classification supervision and territorial supervision are implemented for property insurance: China Banking and Insurance Regulatory Commission is responsible for filing and supervising motor vehicle commercial insurance and agricultural insurance products subsidized by the central government; Other products are filed and supervised by the relevant banking insurance regulatory bureau.

　　Cancel the requirement of "matching" payment of tax arrears and late fees.

　　On December 12, 2019, State Taxation Administration of The People’s Republic of China issued a notice on several issues concerning tax collection and management, pointing out that from March 1, 2020, the requirement of "matching" payment of tax arrears and late fees will be cancelled, and the tax arrears and late fees payable by taxpayers, withholding agents and tax payment guarantors are no longer required to be paid at the same time, and the tax arrears can be paid first, and then the late fees can be paid according to law.

　　The announcement also made it clear that individuals engaged in production and business operations should apply for temporary tax registration if they do not have a business license, but they have tax obligations. If a taxpayer who has been identified as an abnormal household accepts punishment and pays a fine for his overdue declaration, and makes a tax return, the tax collection and management system will automatically lift the abnormal state without the taxpayer’s special application for lifting it.

　　Ordinary taxpayers cancel the 360-day certification period.

　　State Taxation Administration of The People’s Republic of China issued a notice on December 31, 2019, saying that the special VAT invoice, the special payment book for customs import VAT, the unified invoice for motor vehicle sales, and the electronic ordinary VAT invoice for toll road tolls obtained by the general VAT taxpayer on or after January 1, 2017 no longer need to be certified and confirmed within 360 days. Those that have expired can be confirmed by the comprehensive service platform for VAT invoices in this province (autonomous regions, municipalities directly under the Central Government and cities with separate plans) after March 1, 2020.

　　The special VAT invoice, the special payment letter for customs import VAT, and the uniform invoice for motor vehicle sales issued by the general VAT taxpayer on or before December 31, 2016 have exceeded the time limit of certification and confirmation, but if they meet the relevant conditions, they can still continue to deduct their input tax in accordance with the provisions of the Announcement of State Taxation Administration of The People’s Republic of China on the Deduction of Overdue VAT Tax Deduction Certificates and the Announcement of State Taxation Administration of The People’s Republic of China on Issues Related to Failing to Declare and Deduct VAT Tax Deduction Certificates.

　　Driver’s license score can be reduced by up to 6 points.

　　On January 19th, the Chinese government website disclosed the "Code for Accepting Traffic Safety Education and Reducing Road Traffic Safety Violation Scores (Trial)" (hereinafter referred to as the "Code") issued by the Ministry of Public Security, which came into effect on March 1st, 2020. Article 24 of the Code clarifies that motor vehicle drivers who participate in the online and on-site study exams or traffic safety public welfare activities of road traffic safety laws, regulations and related knowledge respectively in this scoring cycle will get a cumulative maximum score of 6 points for reducing or exempting traffic violations.

　　Data map. Zhongxin jingwei photo

　　Legalization and specialization of general contracting of projects

　　On December 31, 2019, the Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission issued the Measures for the Administration of General Contracting of Housing Construction and Municipal Infrastructure Projects (hereinafter referred to as the Measures), which will take effect on March 1, 2020. Insiders pointed out that the promulgation of the "Measures" will effectively promote the legalization and specialization of China’s general engineering contracting and promote the sustained and healthy development of the construction industry.

　　The "Measures" clarify that the construction unit shall complete the project approval, approval or filing procedures before the contract is awarded; According to the law, the general contractor shall be selected by means of bidding or direct contracting. The general contractor shall not be the agent, project management unit, supervision unit, cost consulting unit or bidding agency of the general contracting project. The "Measures" also stipulate that the construction unit shall not set unreasonable construction period and shall not arbitrarily compress reasonable construction period; The general contractor of the project shall be fully responsible for the construction period according to the contract, control and manage the overall progress of the project and the progress of each stage, and ensure that the project is completed on schedule.

　　The regulations on network ecological governance will be implemented on March 1.

　　On December 20, 2019, the National Network Information Office issued the Regulations on Ecological Governance of Network Information Content (hereinafter referred to as the "Regulations"), which will take effect on March 1, 2020. According to the Regulations, producers of online information content are not allowed to produce, copy or publish illegal information that "endangers national security, divulges state secrets, subverts state power, undermines national unity" and "damages national honor and interests", and should take measures to prevent and resist the production, copying and publication of illegal information that contains "exaggerated titles, contents that are seriously inconsistent with the titles" and "hype, scandals and misdeeds".

　　The "Regulations" emphasize that the network information content service platform should fulfill the main responsibility of information content management, establish an ecological governance mechanism for network information content, and improve the systems of user registration, account management, information release review, post review review, layout and page ecological management, real-time inspection, emergency disposal and network rumors, black industry chain information disposal, etc.

　　New local regulations

　　Shanghai: Housing management and civilized construction are included in the scope of urban management punishment

　　According to the website of the Shanghai Municipal Government on February 19th, the Decision on Amending the Implementation Measures of the Regulations of Shanghai Municipality on Administrative Enforcement of Urban Management (hereinafter referred to as the Decision) was adopted at the 75th executive meeting of the municipal government on December 23rd, 2019, and will come into force on March 1st, 2020.

　　Penalties in the field of housing management and civilized construction are included in the scope of urban management punishment, which is the core content of this revision. The "Decision" clarifies that in the field of housing management, the administrative penalties related to property management in the current regulations will be broadened to all housing management matters including property management, real estate market management, housing security, protection of outstanding historical buildings, and housing expropriation and compensation on state-owned land; At the same time, in the field of construction management, penalties in the field of civilized construction management are added.

　　Data Map: A construction site in Haidian District, Beijing. Zhongxin Jingwei Xue Yufei photo

　　Xi ‘an: Raise the reward standard for the expropriated people who move voluntarily.

　　According to the website of Xi ‘an Municipal Government on February 7, the Decision on Amending the Measures for Expropriation and Compensation of Houses on State-owned Land in Xi ‘an was reviewed and approved at the 32nd executive meeting of the municipal government on December 23, 2019, and will come into force on March 1, 2020. The revised Measures for the Expropriation and Compensation of Houses on State-owned Land in Xi ‘an (hereinafter referred to as "the Measures") adds nine aspects, such as "the implementation unit of house expropriation shall not be for profit"; Ten contents were adjusted, including the standard of reward and compensation for the expropriated person who actively moved within the relocation period, and no reward will be given for those who overdue or refused to move.

　　The "Measures" clarify that if the expropriated person or public housing tenant signs a compensation agreement and delivers the house within the reward period determined by the expropriation compensation plan, the reward will be given according to the fact that each household does not exceed 2% of the assessed value of the expropriated house; If monetary compensation is chosen, it will be rewarded at no more than 20% of the assessed value of the house to be expropriated. If the expropriated person chooses monetary compensation for the expropriation of business and production processing houses, the compensation standard for losses caused by suspension of production and business will be raised from 2% to 5%.

　　Zhuhai: improving medical security benefits in five aspects

　　On February 14th, Zhuhai Medical Insurance Bureau issued the Notice on Improving the Treatment and Management Policies of Basic Medical Insurance and Maternity Insurance (hereinafter referred to as "the Notice"), which further strengthened medical security from five aspects and was officially implemented on March 1st.

　　The "Notice" proposes to further strengthen the medical security for newborns. Newborns registered in Zhuhai can pay fees and enjoy treatment from the date of birth within three months after birth; To provide outpatient co-ordination guarantee for the insured registered in different places; Improve the level of outpatient treatment guarantee for mental diseases; Appropriately expand the payment scope of special outpatient treatment, including heavy-duty β -Thalassemia, hemophilia, malignant tumor; At the same time, the conditions for determining the enjoyment of medical insurance retirement benefits should be straightened out.

　　Yantai: Three local laws and regulations were formally implemented.

　　From March 1st, three local laws and regulations, namely, Yantai Mountain Protection Regulations, Yantai Coastal Protection Regulations and Yantai Private Economy Promotion Regulations, will be officially implemented.

　　Among them, the Regulations on Mountain Protection in Yantai City focuses on solving the problems of illegal mining, encroachment by construction projects, construction of cemeteries, illegal farming and planting, deforestation and land reclamation, deforestation, destruction of wild trees, damage to the original topography and landforms of mountains, and restoration and management. "Yantai Coastal Zone Protection Regulations" completely prohibits reclamation, and vigorously rectifies and repairs the damaged coastline. The Regulations of Yantai Municipality on the Promotion of Private Economy focuses on the negative list of market access, the establishment of special funds for the development of private economy, and the reduction of the burden on enterprises, so as to further optimize the business environment and promote the development of private economy.

　　Dongguan: the Pearl River fishing ban was implemented for 4 months.

　　The Bureau of Agriculture and Rural Affairs of Dongguan issued a notice on February 24th, saying that in order to further strengthen the protection of fishery resources in natural waters, Dongguan will ban fishing in the Pearl River for four months from 0: 00 on March 1st to 24: 00 on June 30th. In addition to recreational fishing and recreational fishing, all fishing operations are prohibited in the prescribed fishing areas and fishing seasons; If it is necessary to harvest natural fishery resources due to aquaculture production or scientific research, it shall be approved by the fishery administrative department at or above the provincial level in accordance with the provisions of the Fisheries Law of People’s Republic of China (PRC). (Zhongxin Jingwei APP)