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How can a unified national market achieve unity? Key points summary→

2022-04-12View Original

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Recently, the \"Opinions of the Central Committee and the State Council on Accelerating the Development of a Unified National Market\" were officially released, proposing that China will build a unified national market by strengthening infrastructure development and market facilities. Check the key points → Strengthen the standardization of basic market institutional rules. 1. Improve a unified and standardized system for handling disputes related to property rights, so as to protect corporate property rights as well as the personal and financial safety of business owners in accordance with the law. 2. Improve the cross-regional jurisdiction system of intellectual property courts. 3. It is strictly prohibited for various regions and departments to issue their own negative lists with market access implications. 4. Establish a unified national standard for registration data and a database of industry-related terms for enterprises to use when submitting their names independently. 5. Develop a nationally applicable list of qualifications. 6. Establish a coordination and guarantee mechanism for fair competition policies and industrial policies. 7. Accelerate the revision of the Anti-monopoly Law and the Law against Unfair Competition. 8. Develop a national basic catalog of public credit information, and establish a mechanism for sharing and integrating public credit information with financial information. 9. Establish a comprehensive evaluation system for corporate credit status, and formulate a national basic list of disciplinary measures for those with poor credit in accordance with laws and regulations. Advance the high-standard connection of market facilities. 10. Optimize the layout of trade and distribution infrastructure, accelerate digital development, and promote the integrated growth of online and offline services. 11. Promote the development of **logistics hub networks, vigorously advance intermodal transport, and promote the use of standardized pallets with boards for transportation. 12. Support the development of digital third-party logistics delivery platforms, and foster a group of digital platform companies and supply chain enterprises with global influence. 13. Strengthen the development of the emergency logistics system; enhance the protection levels and disaster resilience of transportation facilities and logistics hubs in areas at high risk of disasters; and proactively prevent risks of shortages in the supply of essential products such as food and energy. 14. Unify the information dissemination mechanism for property rights transactions to achieve connectivity across the national property rights trading market. 15. Promote the development of unified interfaces for information authentication platforms of similar types and with similar purposes, and improve interface standards. 16. Disclose information on market entities, investment projects, production volume, capacity, etc. in accordance with the law. 17. Expand the coverage of the public resources trading platform to all types of public resources suitable for market-based allocation, and accelerate the full-process electronic processing of public resources transactions. 18. Encourage the development of comprehensive commodity trading platforms. 19. Accelerate the development of the spot and futures markets for commodities, and continuously improve the trading rules. 20. Encourage trading platforms to cooperate with financial institutions and intermediary agencies to develop, in accordance with the law, a comprehensive service system covering aspects such as property rights determination, price assessment, guarantees, and insurance. Create a unified market for factors and resources 21. Coordinate new and existing construction land, and implement unified planning. 22. Improve the national unified secondary market for the transfer, leasing, and mortgage of construction land use rights. 23. Unify the registration of movable property and rights guarantees, and develop movable property financing in accordance with the law. 24. Select regional equity markets with robust safety regulations and risk management capabilities to carry out pilot projects for institutional and operational innovation, and strengthen cooperation and integration between such regional markets and the various segments of the national securities market. 25. Develop supply chain finance by providing financial products that reach directly the entities involved in various stages of distribution. 26. Adhere to using financial services to support the real economy, establish traffic lights for capital flow, and prevent uncontrolled expansion of capital. 27. Establish and improve a national technology trading market, refine the mechanisms for intellectual property assessment and trading, and promote interconnection among technology trading markets across different regions. 28. Encourage the exchange and interaction of scientific and technological information across different regions, and promote the open sharing of major scientific research infrastructure and instruments. 29. Establish and improve basic systems and standards for data security, rights protection, cross-border transfer management, transaction circulation, open sharing, and security certification, and carry out in-depth surveys of data resources. 30. Advance the construction of a national energy market in an orderly manner. 31. Improve the product system for oil and gas futures, standardize the development of oil and gas trading centers, and optimize the layout of key infrastructure such as trading venues and delivery warehouses. 32. Advance the marketization reform of natural gas in a steady manner, and accelerate the establishment of a unified energy measurement and pricing system for natural gas. 33. Improve the multi-level unified electricity market system, and explore ways to establish a national electricity trading center in a timely manner. 34. Promote the improvement of a unified national coal trading market. 35. Establish a unified national market for carbon emission rights and water use rights, and implement unified and standardized industry standards as well as trading supervision mechanisms. 36. Promote the market-based trading of pollution discharge rights and energy use rights; explore the establishment of systems for initial allocation, compensated use, market transactions, dispute resolution, and supporting services. 37. Promote the development of green product certification and labeling systems to foster green production and consumption. Advance the high-level integration of commodity and service markets. 38. Support private entities in carrying out inspection and testing activities, explore the establishment of regional metrology centers and product quality inspection and testing centers, and promote the mutual recognition of certification results across different industries and regions. 39. Promote the alignment of quality standards for major consumer goods in key sectors with international standards, deepen international cooperation and mutual recognition in quality certification, carry out monitoring and preventive measures to address product-related hazards, and improve the quality statistics and monitoring system. 40. Further strengthen and expand brand development and exchange platforms such as the China Brand Day event. 41. Strengthen standard verification, implementation, and supervision, and improve the standard systems in areas such as modern distribution, big data, artificial intelligence, blockchain, fifth-generation mobile communications (5G), the Internet of Things, and energy storage. 42. Promote the unification of standards in areas such as smart homes and security, and explore the establishment of a labeling system for smart devices. 43. Accelerate the establishment of unified national standards and security regulations for intelligent identification systems such as facial recognition, finger vein, and iris recognition. 44. Accelerate the improvement and strict implementation of the defective product recall system, encourage market entities operating across borders and regions to provide consumers with unified and convenient after-sales services, and further streamline the processes for returning or exchanging goods in different locations or stores. 45. Establish and improve a system for disclosing information on consumer complaints to promote the prevention and resolution of consumer disputes at the source. 46. Focusing on key areas of people’s livelihood such as housing, education and training, healthcare, and elderly care and childcare, efforts should be made to establish a public list of matters related to consumer rights protection. Promote fair and unified market supervision. 47. In key areas such as food and drug safety that are directly related to the health and life safety of the public, implement the strictest standards, the most rigorous supervision, the harshest penalties, and the most serious accountability measures. 48. For new business models such as internet-based healthcare, online education and training, and online entertainment, promote integrated online and offline regulation. 49. Strengthen unified and fair supervision in the field of engineering construction, and enhance risk monitoring and random inspections of key industrial products. 50. Advance the building of comprehensive law enforcement capabilities to maintain a unified market, and strengthen law enforcement efforts in intellectual property protection, anti-monopoly, and anti-unfair competition. 51. Encourage the joint issuance of unified regulatory policies, laws, regulations, and standards across administrative regions as required, actively carry out coordinated law enforcement, innovate joint regulatory models, and strengthen cooperation in investigation, evidence collection, and case handling. 52. Improve mechanisms such as \"random inspection and random disclosure,\" credit-based supervision, \"Internet+ supervision,\" and inter-departmental collaborative supervision, in order to enhance the coordination among various forms of supervision. 53. Make full use of technological means such as big data to accelerate the advancement of smart regulation, and enhance the level of informatization in cross-provincial services and collaborative sharing in areas such as government services related to market regulation, supervision of online transactions, protection of consumers’ rights and interests, and traceability of key products. 54. Establish and improve a cross-administrative regional network supervision and coordination mechanism, and encourage industry associations, chambers of commerce, the media, consumers, and the public to carry out joint supervision and evaluation. Further regulate unfair market competition and interference practices. 55. Improve the legal rules for identifying monopolistic practices, and enhance the anti-monopoly review system for business concentration based on classification and grading. Address issues such as data monopolies by platform companies, and prevent the use of data, algorithms, technical means, and other approaches to exclude or restrict competition. 56. Strengthen the review of concentration among operators in sectors such as finance, media, technology, and people’s livelihood, as well as those involved in startups, new business models, and labor-intensive industries, to enhance the identification, early warning, and prevention of monopoly risks. 57. Advance reforms in industries with natural monopolies at a steady pace, and strengthen supervision over network-based natural monopoly sectors such as power grids and oil and gas pipelines. 58. Strengthen the protection of original innovation and intellectual property rights of innovative small and medium-sized enterprises. 59. Strengthen the regulation of unfair competitive practices in new business models such as the platform economy and sharing economy, crack down on illegal and shadow online industry chains, and address new forms of unfair online competition. 60. Establish mechanisms for the transfer of anti-unfair competition cases, mutual assistance in law enforcement, and joint law enforcement across administrative regions; ensure smooth channels for consultation and the sharing of discretionary standards for new, complex, and typical cases. 61. Guide regions to consider factors such as their comprehensive comparative advantages, resource and environmental carrying capacity, industrial foundation, and disaster prevention and mitigation capabilities, so as to determine their proper functional positioning. It is essential to avoid the pursuit of overly large-scale or overly sophisticated projects, low-level redundant construction, and excessive homogenization-based competition. Regions should refrain from creating self-contained “small-scale closed loops,” and under no circumstances should they engage in regional isolation under the guise of an “internal circulation.” 62. Establish a catalog of preferential policies for enterprises and make it publicly available in a timely manner; promptly eliminate policies in various regions that involve local protectionism, market segmentation, mandated transactions, and other practices that hinder a unified market and fair competition. Thoroughly review and abolish all types of preferential policies that discriminate against foreign-funded enterprises and enterprises from other regions, as well as those that constitute local protectionism. 63. Unless explicitly stipulated by laws and regulations, enterprises shall not be required to register in a specific location, nor shall obstacles be created to prevent them from operating across regions or relocating. 64. No entry barriers shall be established or disguised in the form of filing, registration, annual inspections, accreditation, certification, designation, or requirements to set up branch offices. 65. It is not permitted to impose, in terms of qualification assessment and business licensing, qualification requirements, technical requirements, inspection standards, or evaluation criteria that are significantly higher for enterprises from other regions than those for local operators. 66. Government service matters shall not be converted into intermediary service matters. Without legal or regulatory basis, enterprises shall not be required to conduct self-inspections, tests, certifications, appraisals, notarizations, or provide certificates prior to receiving government services; disguised approvals or paid services are also prohibited. 67. Franchising rights shall not be granted to operators without fair competition, nor shall there be restrictions on the operation, purchase, or use of goods and services provided by specific operators. 68. In bidding and procurement, it is strictly prohibited to illegally impose restrictions or designate specific patents, trademarks, brands, components, places of origin, or suppliers; nor is it allowed to establish qualification, technical, or commercial requirements that are not in line with the specific characteristics and actual needs of the bidding or procurement project. 69. It is prohibited to illegally restrict the location of bidders, their form of ownership or organizational structure, or to impose other unreasonable conditions in order to exclude or restrict business operators from participating in bidding procurement activities. 70. Further advance the full-electronicization of the bidding process, accelerate the improvement of rules and technical standards for electronic bidding, and promote the cross-regional and cross-industry sharing of resources such as high-quality bid evaluation experts.

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