Core Viewpoint - The rapid development of the live e-commerce industry has positively impacted consumption and employment, but issues such as false marketing and counterfeit products have emerged, prompting the release of a regulatory draft aimed at enhancing supervision and promoting healthy industry growth [1][3]. Group 1: Industry Growth and Challenges - The live e-commerce sector has seen explosive growth, with the number of enterprises increasing from 3,545 in 2018 to 76,000 in 2024, representing a year-on-year growth of 216.66% [3]. - The transaction scale of live e-commerce is projected to reach 53,256 billion yuan in 2024 [3]. - Despite growth, there are concerns about inadequate responsibility among industry participants, leading to quality issues and consumer rights violations [3]. Group 2: Market Penetration and Competition - The penetration rate of live e-commerce is expected to reach 34.3% in 2024, with a growth rate of 7.52%, indicating a decline in growth momentum [4]. - The industry is transitioning from a "traffic dividend period" to a "stock competition period," emphasizing a shift from scale expansion to quality enhancement [4]. Group 3: Regulatory Framework - The newly proposed regulatory draft consists of seven chapters and 57 articles, clarifying the legal responsibilities of various participants in the live e-commerce ecosystem [5][6]. - Key responsibilities for platform operators include verifying qualifications, managing information disclosure, and ensuring compliance with laws [6]. - The draft also emphasizes the need for live stream operators and marketing personnel to provide accurate information and avoid misleading promotions [6][7]. Group 4: Impact on Stakeholders - The regulatory draft aims to balance supervision and development, ensuring that it does not impose additional burdens on platform operators while enhancing consumer protection [8][9]. - The draft incorporates feedback from various stakeholders and is designed to align with existing laws, promoting compliance and efficiency in regulatory practices [9].

Core Insights - The live e-commerce market in China has grown 10.5 times over the past five years, reaching a scale of 4.9 trillion yuan in 2024, while complaints have surged by 47.1 times [1][2] - The complexity of the live e-commerce ecosystem includes traditional e-commerce platforms like Alibaba, JD, and Pinduoduo, as well as social platforms like WeChat and Xiaohongshu, and short video platforms like Douyin and Kuaishou [1][3] - The State Administration for Market Regulation (SAMR) has released a draft regulation to clarify the responsibilities of live e-commerce platforms, including identity verification and the establishment of a blacklist system [1][7] Market Overview - The live e-commerce market is seen as a new growth engine, with significant participation from various platforms, including traditional e-commerce and social media [2][3] - Platforms like Douyin and Kuaishou have leveraged their content advantages to support the growth of live e-commerce, with over 200,000 small and medium-sized businesses using live streaming to boost sales [3][4] Regulatory Developments - The SAMR's draft regulation specifies that live e-commerce platforms must verify the credentials of live stream operators and marketers, requiring regular updates every three months [7][8] - The regulation introduces a blacklist system to manage non-compliant operators, preventing them from re-entering the market through account changes [9][10] Platform Responsibilities - Platforms are required to conduct thorough pre-approval processes for live stream operators, including verification of their identity and business licenses [7][8] - The regulation emphasizes the need for platforms to monitor live e-commerce activities actively and implement measures against violations, such as warnings and traffic restrictions [7][10] Challenges and Concerns - There are concerns about the operational burden on platforms due to the new regulatory requirements, although officials assert that these measures align with industry characteristics [8][10] - The complexity of enforcing the blacklist system and the need for clear operational guidelines pose significant challenges for effective implementation [10] Influencer and Merchant Guidelines - The regulation mandates that live streamers must provide accurate and comprehensive information about products, avoiding misleading or deceptive practices [11][15] - Specific requirements for displaying product pricing and promotional information are outlined to enhance transparency for consumers [14][15]

Core Viewpoint - The State Administration for Market Regulation, in collaboration with the National Internet Information Office, has drafted the "Live E-commerce Supervision Management Measures (Draft for Comments)" to enhance regulation in the live e-commerce sector and protect the legitimate rights and interests of consumers and operators [1][2]. Group 1: Regulatory Framework - The draft clearly defines the legal responsibilities and obligations of various participants in the live e-commerce industry, including platform operators, live room operators, service agencies for live marketing personnel, and the marketing personnel themselves [4][5]. - It emphasizes the need for live e-commerce platforms to establish comprehensive platform rules, strengthen identity verification and qualification audits for live room operators and marketing personnel, and enhance the handling of illegal activities [6][8]. Group 2: Industry Challenges - The live e-commerce industry has been experiencing rapid growth, but issues such as false marketing and counterfeit products have become increasingly prominent, with inadequate responsibility among relevant parties [2][12]. - There is a noted lack of quality awareness among some merchants and streamers, leading to a focus on short-term profits at the expense of consumer rights [2]. Group 3: Implementation and Compliance - The draft requires live room operators to establish systems for reviewing and publicizing product or service information, ensuring that marketing personnel provide truthful and comprehensive product descriptions [10]. - It also introduces regulatory measures for illegal activities, including exploring traffic regulation for violators and establishing training and blacklist management systems for live marketing personnel [12][14]. Group 4: Balancing Regulation and Development - The draft aims to balance regulatory norms with the promotion of industry development, clarifying the responsibilities of all participants in the live e-commerce sector to foster a collaborative governance approach [13][16]. - The formulation of the draft has taken into account market expectations and industry realities, with extensive consultation to support the healthy development of the live e-commerce sector [16].

Core Viewpoint - The rapid growth of the live e-commerce industry has led to positive impacts on consumption and employment, but it has also resulted in issues such as false marketing and counterfeit products. The introduction of the "Live E-commerce Supervision Management Measures (Draft for Comments)" aims to enhance regulation and promote healthy development in the industry [1][2]. Group 1: Industry Growth and Market Data - The live e-commerce sector has experienced explosive growth, with the number of enterprises increasing from 3,545 in 2018 to 76,000 in 2024, representing a year-on-year growth of 216.66% [1]. - The transaction scale of live e-commerce is projected to reach 53,256 billion yuan in 2024 [1]. Group 2: Regulatory Measures and Responsibilities - The new regulations clarify the legal responsibilities and obligations of live e-commerce platform operators, live room operators, service agencies, and marketing personnel, aiming to strengthen regular supervision [2][3]. - Platform operators are required to establish comprehensive rules, enhance identity verification and qualification audits, and actively assist consumers in protecting their rights [2]. - The regulations emphasize the need for live room operators to implement systems for reviewing product information and to avoid misleading commercial promotions [3].

原标题：市场监管总局将出台《办法》加强直播电商监督管理 科技日报北京6月10日电 （记者付丽丽）10日，记者从市场监管总局获悉，为加强直播电商监督管 理，该局在充分调研和广泛征求意见的基础上，会同国家网信办研究起草《直播电商监督管理办法（征 求意见稿）》（以下简称《办法》），正式向社会公开征求意见。征求意见截止日期为7月10日。 近年来，直播电商行业发展迅速，在促进消费、扩大就业同时，虚假营销、假冒伪劣等乱象逐渐显 现。为此，《办法》细化了直播电商平台经营者的责任和义务。要求平台经营者建立健全平台协议规 则，加强对直播间运营者、直播营销人员服务机构、直播营销人员的身份认证和资质审核，强化对违法 违规行为的处置，依法依规报送数据信息，积极协助消费者维权，进一步压实平台企业的主体责任。 《办法》明确了直播间运营者、直播营销人员服务机构、直播营销人员的责任和义务。要求直播间 运营者不得作虚假或者引人误解的商业宣传。要求直播营销人员真实、准确、全面地介绍商品或者服 务，不得欺骗、误导消费者。 《办法》强化了监督管理手段。《办法》规定，市场监督管理、网信部门对经调查核实违反市场监 督管理、网信领域法律、法规、规章的直播 ...

Group 1: Policy Initiatives - The State Council proposed 10 policy measures across 4 areas to improve and guarantee people's livelihoods[7] - Emphasis on enhancing social security fairness and expanding coverage for low-income groups[8] - Focus on equal access to basic public services regardless of urban or rural status[8] Group 2: Market Performance - The Shanghai Composite Index fell by 0.44%, while the North Exchange 50 Index decreased by 1.01%[16] - As of June 10, 2025, the North Exchange A-share component stocks totaled 267, with an average market capitalization of 3.076 billion[16] - Trading volume for the North Exchange reached 25.371 billion, down 5.23% from the previous trading day[16] Group 3: Industry News - The China Steel Industry Association called for resisting "involution" competition and prioritizing industry interests over individual company benefits[12] - Recommendations for the automotive industry to adhere to fair competition principles and enhance technological advancements[13] - The China Electric Power Construction Enterprise Association proposed four strategies for integrated development of power sources and green electricity projects[14]

Group 1: Policy and Regulatory Developments - The National Intellectual Property Administration, Ministry of Science and Technology, Ministry of Industry and Information Technology, State-owned Assets Supervision and Administration Commission, State Administration for Market Regulation, and Chinese Academy of Sciences jointly issued guidelines for the construction and operation of patent pools to promote low-cost and efficient patent utilization [1][8] - The State Council issued opinions to deepen reform and innovation in Shenzhen, aiming to enhance the integration of education, technology, and talent systems, and to promote high-quality development of the real economy [4][5] - The State Administration for Market Regulation and the National Internet Information Office drafted a regulatory framework for live e-commerce to enhance supervision and protect consumer rights [6][11] Group 2: Company Developments - Cao Cao Travel has passed the listing hearing at the Hong Kong Stock Exchange, with plans to launch an L4-level Robotaxi model by the end of 2026 [1][13] - Tencent Music announced a merger agreement with Ximalaya, with a total consideration of $1.26 billion in cash and shares [14] - BYD's Tengshi brand announced the production of its 250,000th unit of the D9 model, marking a significant milestone in the new energy MPV segment [16] Group 3: Economic Indicators - The China SME Development Index (SMEDI) rose to 89.5 in May, indicating a recovery after two months of decline [2][6] - The Ministry of Finance announced an increase in the minimum monthly pension for urban and rural residents by 20 yuan, benefiting over 300 million elderly people [5] Group 4: Market Trends - The issuance of technology innovation bonds has gained traction, with 147 institutions issuing over 374.8 billion yuan in bonds as of June 7 [11] - The steel industry association called for a collective effort to resist "involution" competition and promote sustainable development through technological innovation [8]

《办法》细化了直播电商平台经营者的责任和义务，明确了直播电商平台经营者在违规处置、资质核 验、信息报送、培训机制、分级管理、动态管控、信息公示等方面的责任。要求平台经营者建立健全平 台协议规则，加强对直播间运营者、直播营销人员服务机构、直播营销人员的身份认证和资质审核，强 化对违法违规行为的处置，依法依规报送数据信息，积极协助消费者维权，进一步压实平台企业的主体 责任。 本报北京6月10日电 （记者林丽鹂）为加强直播电商监督管理，维护广大消费者和经营者合法权益，促 进直播电商健康发展，市场监管总局会同国家网信办研究起草了《直播电商监督管理办法（征求意见 稿）》（以下简称《办法》），10日正式向社会公开征求意见。 《办法》强化了监督管理手段，规定了直播电商活动的管辖适用、协同监管、监督检查、信用监管、约 谈与整改等方面内容。 下一步，市场监管总局将根据社会公开征求意见反馈情况完善《办法》内容，尽快出台实施，进一步健 全直播电商常态化监管制度，推动直播电商健康发展。 （文章来源：人民日报） 《办法》明确了直播间运营者、直播营销人员服务机构、直播营销人员的责任和义务，强化直播间运营 者责任，要求直播间运营者建立健全 ...

金十数据整理：6月10日欧盘美盘重要新闻汇总 国内新闻： 1. 中美经贸磋商机制首次会议进入第二天。会议从上午开始，在午餐后继续进行。 2. 中共中央办公厅、国务院办公厅印发《关于深入推进深圳综合改革试点 深化改革创新扩大开放的意 见》。 3. 习近平同韩国总统李在明通电话。 4. 商务部：对原产于欧盟的进口相关猪肉及猪副产品反倾销调查的调查期限延长至2025年12月16日。 5. 人社部：将落实取消灵活就业人员在就业地参保的户籍限制，稳妥有序扩大新就业形态人员职业伤害 保障试点。 6. 《直播电商监督管理办法》面向社会公开征求意见：直播营销人员应真实、准确、全面地介绍商品或 者服务；不得欺骗、误导消费者。 7. 国家发改委主任郑栅洁主持召开座谈会，就编制"十五五"规划听取民营企业意见建议。 8. 辽宁舰、山东舰航母编队赴西太平洋等海域开展训练。 9. 广汽、东风等多家车企承诺将支付账期统一至60天内， 国际新闻： 1. 欧盟第18轮对俄制裁方案提议下调俄油价格上限至45美元。普京延长石油禁供措施。 2. 美国总统特朗普周二将前往北卡罗来纳州布拉格堡军事基地，届时将发表重要演讲。 3. 英国5月就业人数创20 ...

《办法》坚持监管规范与促进发展并重，坚持问题导向。 记者梳理发现，此次《办法》共五十七条，分总则、直播电商平台经营者、直播间运营者、直播营销人员服务机构等七章，主要通过细化责任、强化技术监 管与信用约束，推动直播电商向规划化发展转型，长期来看利于建立公平透明的市场环境，促进良性竞争与消费者信任。包括平台、机构及主播在内的参与 方也需尽快调整运营模式，以适应新规，避免合规风险。 《办法》细化了直播电商平台经营者的责任和义务，明确了直播间运营者、直播营销人员服务机构、直播营销人员的责任和义务，强化了监督管理手段，强 调了不履行法定义务应当承担的法律责任。 关于此次制定《办法》的主要考虑，市场监管总局网监司相关负责人答记者问时表示，直播电商行业在快速发展的同时，虚假营销、假冒伪劣等乱象逐渐显 现，如直播电商行业相关主体责任落实不到位，一些商家和主播及相关机构质量意识淡薄，重营销、轻质量，重成交、轻售后，追逐短期利益，损害了广大 消费者合法权益，影响了直播电商行业规范健康发展。 《办法》的出台，有利于落实落细《中华人民共和国电子商务法》等法律法规规定，明确相关机构与从业者法定责任和义务，进一步加强直播电商常态化监 管 ...