News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
Head of CN SAMR: SAMR to Focus on Rectification of Unreasonable Charges, Random Inspection, Other Issues This Yr
Luo Wen, head of China's State Administration for Market Regulation (SAMR), said at the first “Ministers' Corridor” of the third session of the 14th National Pe...
Reset
Send
The window will close in 5 seconds
Head of CN SAMR: SAMR to Focus on Rectification of Unreasonable Charges, Random Inspection, Other Issues This Yr
Close
Recommend
59
Positive
111
Negative
51
 
 

Luo Wen, head of China's State Administration for Market Regulation (SAMR), said at the first “Ministers' Corridor” of the third session of the 14th National People's Congress (NPC) that efforts will be made to optimize supervision methods this year, with great efforts to promote the healthy development of the platform economy.

In terms of platform fees, platforms will be urged to simplify and publicize charge items, optimizing pricing mechanisms, protecting merchants' right to know and helping merchants reduce costs and enhance efficiency.

Related NewsG Sachs Lists US Institutional Investors Shareholding Forecasts on CN Concepts in HK/ US Mkts (Table)
At the same time, the Compliance Guidance for Online Trading Platform Charging Behavior will be formulated and launched to provide clear guidelines for platform enterprises to reasonably charge fees.

Regarding live e-commerce, the authority will strengthen the project sampling of product quality, crack down on behaviors like deceptive advertising and false propaganda and continuously improve the quality of products sold online.

Meanwhile, the authority will develop and launch the “live e-commerce supervision methods”, establish a long-term mechanism for supervision, so as to effectively regulate the behavior of live trading.

Related NewsBOCI Adjusts Order of Preference for CN Internet Sector w/ Top Pick TENCENT (00700.HK)

AAStocks Financial News

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.