01 6 月 2021 Food: China Newly Released Anti-Food Waste Law
I. Food: China Newly Released Anti-Food Waste Law
On April 29, 2021, China passed Anti-Food Waste Law (the “Law”) which aims to curb the food waste in Chinese society nowadays and to guarantee the national food security.1
The Law mainly sets up the obligations for various subjects including government bodies at all levels, schools, catering service operators, food business operators, food and beverage delivery platforms, press agencies, travel operators, and employers equipped with canteen, etc; further, the Law accordingly provides the penalties for some violations.
PRC companies (including foreign invested entities), in and outside the food industry, are advised to check any potential compliance obligations under this new regime.
Key Takeaways:
II. FDI: FTZs’ Relaxed Process for Certain Administrative Approval
On April 29, 2021, Standing Committee of NPC made a decision which authorizes the State Council to temporally modify some laws in Free Trade Zones (the “FTZs”) according to actual needs6 (the “Decision”).7 The Decision aims to optimize business environment and will take effect on July 1, 2021. The temporary modification period is 3 years.
Key Takeaways:
Education (Private School):
Accounting:
Banking:
Insurance:
(http://www.npc.gov.cn/npc/c30834/202104/b362326aec5f419a917d3a4ca73f77a8.shtml)
Should you have any inquiry about the above, please contact us at asiallians@asiallians.com.
As always, Asiallians remains at your service and our teams are currently mobilized in all our offices in Mainland China, in Hong Kong and in Taipei.
1. The law enters into force with immediate effect on April 29, 2021.
2. Article 28 of the Law
3. Article 28 of the Law
4. Article 28 of the Law
5. Article 28 of the Law
6. A Free Trade Zone is an economic zone where companies can enjoy offered advantages on tax, services and infrastructure to promote import, export and trade business. As of May 2021, there are 21 Free Trade Zones (FTZs) in China: Shanghai FTZ (2013), Fujian FTZ (2015), Guangdong FTZ (2015), Tianjin FTZ (2015), Chongqing FTZ (2016), Henan FTZ (2016), Hubei FTZ (2016), Liaoning FTZ (2016), Shanxi FTZ (2016), Sichuan FTZ (2016), Zhejiang FTZ (2016), Hainan FTZ (2018), Shandong FTZ (2019), Guangxi FTZ (2019), Jiangsu FTZ (2019), Hebei FTZ (2019), Yunnan FTZ (2019), Heilongjiang FTZ(2019), Hunan FTZ (2020), Beijing FTZ (2020), Anhui FTZ (2020).
7. The laws that may be modified include: 1) PRC Promotion of Privately Run Schools Law; 2) PRC Accounting Law; 3) PRC Certified Public Accountant Law; 4) PRC Auction Law; 5) PRC Banking Supervision and Administration Law; 6) PRC Commercial Bank Law; 7) PRC Insurance Law
8. Article 12, 13, 14, 15 of PRC Promotion of Privately Run Schools Law
9. Article 1, 2, 3 of Modified Catalogue
10. Article 12, 13, 14, 15 of PRC Promotion of Privately Run Schools Law
11. Article 12, 53, 54, 55, 56, 62 of PRC Promotion of Privately Run Schools Law
12. Article 4 of Modified Catalogue
13. Article 36 of PRC Accounting Law
14. Article 5 of Modified Catalogue
15. Article 27 of PRC Certified Public Accountant Law
16. Article 6 of Modified Catalogue
17. Article 19, 24, 74 of PRC Commercial Bank Law
18. Article 9, 11 of Modified Catalogue
19. Article 24, 74 of PRC Commercial Bank Law
20. Article 74, 84, 162, 164 of PRC Insurance Law
21. Article 12, 13 of Modified Catalogue
22. Article 24, 74 of PRC Commercial Bank Law
Feel free to contact asiallians@asiallians.com for more information.