On April 9, 2024, China’s State Administration for Market Regulation (SAMR) announced its key legislation tasks for 2024.
The key content is a list of 20 newly-drafted or revised laws and regulations. Among these, the following ones closely concern foreign stakeholders:
SAMR also stated the overall principles and priorities that will guide this year’s key legislation tasks:
- Improve the quality of development for business entities, and their credibility and legal-binding levels.
- Continue optimizing the market environment to ensure fair competition.
- Further implement the Outline on Building a Law-based Society (2020-2025)and the Outline on Building a Law-based Government (2021-2025) (known in China as “the Two Outlines”) to enhance the quality of development.
- Strictly regard safety as the bottom line for market administration.
