{"id":7612,"date":"2021-04-29T05:45:00","date_gmt":"2021-04-29T05:45:00","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=7612"},"modified":"2021-04-30T12:45:27","modified_gmt":"2021-04-30T12:45:27","slug":"key-takeaways-from-the-samr-2021-legislative-plan-for-uk-companies","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/key-takeaways-from-the-samr-2021-legislative-plan-for-uk-companies\/","title":{"rendered":"Key takeaways for UK Companies from the SAMR 2021 legislative plan"},"content":{"rendered":"

The State Administration for Market Regulation (SAMR)’s annual legislative plan plays a big role in shaping China’s business environment.\u00a0 Joe Cash runs through this year’s key takeaways<\/h2>\n

It\u2019s that time of year again: China\u2019s market regulator has released its legislative plan for 2021.<\/p>\n

The State Administration for Market Regulation\u2019s (SAMR\u2019s) activities impact pretty much every company trading in China, be they foreign or domestic. Its annual legislative plan plays a major role in shaping China\u2019s business environment, and this year, the SAMR plans on drafting six Administrative Regulations and 61 Departmental Rules and Administrative Measures \u2013 a slight increase on last year. The SAMR believes the new measures will improve China\u2019s business environment and strengthen the rule of law.<\/p>\n

This year\u2019s list is notable because it is one of the government\u2019s first official proposals to refer to Xi Jinping Thought on Rule of Law<\/p><\/blockquote>\n

Background<\/h4>\n

The SAMR is China\u2019s leading governmental authority for regulating market competition, monopolies, intellectual property<\/a>, and drug safety, as well as a whole host of other things. The Chinese government set it up in 2018 by consolidating the Administration for Quality Supervision & Quarantine, the Food & Drink Administration, and the State Administration of Industry & Commerce. As a result, the SAMR is a behemoth whose actions impact almost everyone.<\/p>\n

The SAMR has issued a legislative work plan every year since 2019 to ensure that companies are aware of how their compliance burden might change over following 12 months. The legislative items are divided into two categories: \u2018Category One\u2019 initiatives are meant to be completed within the year, with draft policies and related materials due to enter the review phase by the end of June; \u2018Category Two\u2019 initiatives don\u2019t have a clear deadline but are meant to be pursued nonetheless. Irrespective of the category, the bulk of these initiatives cover areas including:<\/p>\n