Group 1 - The "Foreign Trade Law of the People's Republic of China" has been revised and will be implemented starting March 1, 2026, aiming to promote high-level opening-up and high-quality development of foreign trade [2] - The law emphasizes the importance of maintaining a fair and free foreign trade order while protecting the legitimate rights and interests of foreign trade operators [2][3] - The state will actively align with international high-standard economic and trade rules and participate in the formulation of international economic and trade rules [3] Group 2 - The law establishes a compliance mechanism for trade policies that align with international norms, requiring relevant government departments to conduct trade policy compliance assessments [3] - China will promote and develop trade relations with other countries and regions based on the principles of equality and mutual benefit, including entering into customs unions and free trade agreements [3] - In response to discriminatory trade measures from other countries or regions, China reserves the right to take corresponding measures based on actual conditions [4]

Core Points - The law aims to promote high-level opening up of foreign trade, ensure high-quality development, maintain trade order, protect the legitimate rights of trade operators, and safeguard national sovereignty, security, and development interests [2][7]. Group 1: General Principles - The law applies to foreign trade and related intellectual property protection [3]. - Foreign trade is defined as the import and export of goods, technology, and international service trade [4]. - The work of foreign trade should serve the national economic and social development and promote the construction of a strong trading nation [5]. - The State Council is responsible for overseeing national foreign trade work according to this law [6]. Group 2: Trade Operators - Foreign trade operators are defined as individuals or organizations that engage in foreign trade activities in accordance with the law [10]. - Operators must obtain qualifications for foreign labor cooperation and comply with relevant regulations for foreign contracting projects [10]. Group 3: Import and Export of Goods and Technology - The state allows the free import and export of goods and technology, except as otherwise provided by law [13]. - The State Council may implement automatic licensing for certain goods based on monitoring import and export conditions [17]. - The state can prohibit or restrict the import and export of certain goods and technologies for reasons including national security [19][20]. Group 4: International Service Trade - The state encourages various modes of international service trade, including cross-border delivery and overseas consumption [27]. - The State Council manages international service trade in accordance with this law and other relevant regulations [28]. Group 5: Intellectual Property Protection - The state strengthens the protection of intellectual property related to foreign trade and may take measures against the import of goods that infringe on intellectual property rights [32][33]. Group 6: Trade Order - In foreign trade activities, operators must not engage in monopolistic or unfair competition practices [24]. - The law outlines specific prohibited actions, including forgery of origin marks and evasion of taxes [25]. Group 7: Trade Investigation - The State Council may conduct investigations into foreign trade activities to maintain order and assess impacts on domestic industries [27][30]. Group 8: Trade Remedies - The state can take appropriate trade remedy measures based on investigation results, including anti-dumping and countervailing measures [44][45]. Group 9: Trade Promotion - The state formulates strategies to promote balanced development in foreign trade and supports the establishment of financial institutions for trade services [56][57]. - The law encourages the development of digital trade and green trade systems [60][61]. Group 10: Legal Responsibilities - Violations of the law can result in fines and restrictions on future trade activities [71][72]. - The law specifies penalties for unauthorized import and export activities [41][43]. Group 11: Miscellaneous Provisions - The law will come into effect on March 1, 2026 [46].

Group 1 - The law aims to promote high-level opening-up and high-quality development of foreign trade, maintain trade order, protect the legitimate rights and interests of foreign trade operators, and promote the healthy development of the socialist market economy [1] - The law applies to foreign trade and related intellectual property protection [2] - Foreign trade is defined as the import and export of goods, technology, and international service trade [3] Group 2 - The foreign trade work should serve the national economic and social development and promote the construction of a strong trading nation [4] - The State Council is responsible for overseeing national foreign trade work according to this law [5] - The country implements a unified foreign trade system, encourages the development of foreign trade, and maintains a fair and free trade order [6] Group 3 - The country establishes a compliance mechanism for trade policies that align with international rules [7] - China promotes and develops trade relations with other countries and regions based on the principle of equality and mutual benefit [7] - The country can take corresponding measures against any country or region that adopts discriminatory measures against China in trade [7] Group 4 - Foreign trade operators are defined as individuals or organizations that engage in foreign trade activities in accordance with the law [8] - Those engaged in foreign labor cooperation must obtain the necessary qualifications [9] - The state may implement state-run trade management for certain goods, allowing only authorized enterprises to conduct import and export business [9] Group 5 - The state permits the free import and export of goods and technology, except as otherwise provided by law [11] - The State Council may implement automatic licensing for certain goods based on monitoring import and export situations [11] - The state can prohibit or restrict the import and export of certain goods and technologies for reasons such as national security and public interest [13][14] Group 6 - The state encourages various models of international service trade, including cross-border delivery and overseas consumption [27] - The State Council manages international service trade in accordance with this law and other relevant regulations [28] - The state can prohibit or restrict international service trade for reasons such as national security and public health [29] Group 7 - The state strengthens intellectual property protection related to foreign trade and promotes international cooperation in this area [20] - Measures can be taken against the import of goods that infringe on intellectual property rights and harm trade order [21] - The state can take necessary measures against countries that do not provide adequate intellectual property protection for Chinese entities [21] Group 8 - The law prohibits monopolistic or unfair competition practices in foreign trade activities [22] - Specific behaviors that violate trade order, such as smuggling and tax evasion, are strictly prohibited [23] - The State Council can announce and take necessary measures against violations that harm foreign trade order [39] Group 9 - The state can take appropriate trade remedy measures based on the results of foreign trade investigations [44] - Anti-dumping measures can be implemented against products entering the market at below normal value that harm domestic industries [45] - Safeguard measures can be taken in response to a significant increase in imports that threaten domestic industries [48] Group 10 - The state supports the development of foreign trade by establishing financial institutions and improving insurance measures [56] - The state encourages the innovation of foreign trade models, including cross-border e-commerce [59] - The state promotes the digital development of foreign trade and supports the use of digital tools in trade activities [60]

Core Viewpoint - The newly revised Foreign Trade Law of China aims to establish a fair and just international economic and trade order, effective from March 1, 2026 [1] Group 1: Key Provisions of the New Law - The revised law consists of 11 chapters and 83 articles, emphasizing the construction of a strong trading nation [1] - It includes provisions for promoting international service trade through various models [1] - The law supports the enhancement of trade promotion platforms to improve their functions and service levels [1] Group 2: Focus on Trade Facilitation - The new law strengthens regulations related to foreign trade promotion, including the development of a cross-border financial service system [1] - It promotes international recognition of digital certificates and electronic signatures to enhance the digitalization and convenience of foreign trade [1] - The law encourages the establishment of product standards, certification, and labeling systems related to green trade [1] - It also supports the development of a talent pool for foreign trade [1]

Core Viewpoint - The strategic cooperation agreement signed between the Export-Import Bank of China and the China Council for the Promotion of International Trade aims to enhance collaboration in promoting high-quality trade development [3][6]. Group 1: Strategic Cooperation - The Export-Import Bank and the China Council for the Promotion of International Trade have a strong alignment in their functions, both playing crucial roles in advancing high-quality trade development [3][6]. - The Export-Import Bank plans to leverage its policy-based financial advantages to deepen cooperation with the China Council, supporting enterprises in their international expansion and creating a favorable environment for businesses going abroad [3][6]. Group 2: Organizational Insights - The President of the China Council highlighted recent reforms and developments within the organization, emphasizing the importance of the partnership with the Export-Import Bank [3][6]. - Both organizations aim to strengthen their collaboration and enhance services for enterprises, contributing to high-quality development and a higher level of openness in trade [3][6].

Core Viewpoint - The draft amendment to the Foreign Trade Law emphasizes the support and encouragement of digital trade and the establishment of a green trade system, which are seen as crucial for promoting innovative trade development [1][2][3] Group 1: Digital and Green Trade Development - The draft amendment includes provisions to promote the development of digital trade and green trade as key areas for innovation in trade [1][2] - The "14th Five-Year Plan" suggests expanding intermediate goods trade and green trade, as well as innovating digital trade and gradually opening up the digital sector [1][2] - The Central Economic Work Conference recently highlighted the active development of digital and green trade [1][2] Group 2: Cross-Border Financial Services and Trade Facilitation - The draft amendment stipulates that the state will promote the construction of a cross-border financial service system based on the needs of foreign trade development [3] - It supports the digitalization of foreign trade by promoting international recognition of digital certificates and electronic signatures, enhancing the level of trade facilitation [3] - The amendment also aims to establish product standards, certification, and labeling systems related to green trade [3] Group 3: International Service Trade and Trade Adjustment Assistance - The draft amendment clarifies common service trade models and encourages various modes of international service trade, including cross-border delivery and overseas consumption [2][3] - It allows local governments to establish trade adjustment assistance systems in accordance with World Trade Organization rules to address trade risks and environmental changes [2][3] Group 4: Legal Responsibilities and Support for SMEs - The draft amendment considers the characteristics of small and micro enterprises in foreign trade, modifying penalty provisions to avoid setting a minimum fine amount, allowing for case-specific application by authorities [2][3]

对外贸易法修订草案12月22日提请全国人大常委会会议二次审议。修订草案二审稿就支持和鼓励发展数 字贸易、加快建立绿色贸易体系等增加多项规定。 修订草案二审稿增加规定：国家根据对外贸易发展的需要，促进跨境金融服务体系建设；支持对外贸易 数字化发展，推动数字证书、电子签名等国际互认，提升对外贸易便利化水平；推动与绿色贸易有关的 产品标准、认证、标识体系建设；支持和促进对外贸易人才队伍建设，为对外贸易高质量发展提供人才 支撑。 发展数字贸易、绿色贸易是推动贸易创新发展的重要着力点。"十五五"规划建议提出，"拓展中间品贸 易、绿色贸易""创新发展数字贸易，有序扩大数字领域开放"。日前举行的中央经济工作会议提出，积 极发展数字贸易、绿色贸易。 为进一步体现党中央关于对外贸易高质量发展的部署和要求，修订草案二审稿增加了对外贸易工作应当 推进贸易强国建设、国家维护公平公正的国际经济贸易秩序、国家支持贸易促进平台提升功能和服务水 平等相关规定。 修订草案二审稿关于法律责任的设置，充分考虑对外贸易经营者中不少属于中小微企业的规模和特点， 对相关条款中罚款的规定作了相应修改，不限定最低罚款数额，以便于主管部门根据个案具体情况准确 ...

Core Viewpoint - The Shanghai Futures Exchange (SHFE) aims to enhance its role in the national strategy and contribute to the development of a world-class trading platform, focusing on high-quality services for the real economy and strengthening the influence of major commodity prices [1] Group 1: Product Development and Market Expansion - SHFE plans to enrich its product offerings by accelerating the listing of futures and options for liquefied natural gas and corrugated paper, while also enhancing the research and development of strategic products like electricity [2] - The exchange is committed to deepening its internationalization efforts, particularly for nickel and other commodities, and is working on cross-border delivery business models and settlement price authorizations [2] Group 2: Regulatory and Service Enhancements - SHFE is focused on solidifying its regulatory foundation to create a fair and orderly trading environment, while continuously improving its functional services to support national strategies [3] - The exchange has launched 25 futures and 18 options covering key sectors of the national economy, with half of these products being intermediate goods in industrial supply chains, aligning with China's trade structure [3] - New products introduced this year, such as the first domestic recycled aluminum alloy futures and the world's first cultural paper futures, have seen significant trading volumes, with a total of 407 million contracts traded and a transaction value of 158.2 billion yuan [3] Group 3: Industry Support and Risk Management - SHFE has established 134 integrated service bases to enhance support for enterprises, with 40% of these bases involving listed companies, and has developed 12 diverse cooperation models [4] - The exchange has increased its delivery capacity for steel products, adding 11 new delivery points and expanding storage capacity by 643,000 tons, which has led to a 41% increase in steel companies participating in futures delivery by 2025 compared to 2024 [4] Group 4: Open Market and Regulatory Framework - SHFE has opened 6 products directly to foreign traders and allows qualified foreign investors to trade 32 products, leading the domestic exchanges in terms of the number of open products [6] - The exchange emphasizes a high level of self-regulation to strengthen the trade risk prevention system, effectively managing risks from external sources and ensuring market stability [6]

Core Viewpoint - The draft amendment of the Foreign Trade Law is set for a second review, aiming to enhance regulations that promote the construction of a strong trading nation [1] Group 1: Key Modifications Proposed - The draft amendment will incorporate provisions to advance the construction of a strong trading nation, maintain a fair and just international economic trade order, and encourage various models of international service trade [1] - It will strengthen regulations related to foreign trade promotion, including the establishment of a cross-border financial service system, international recognition of digital certificates and electronic signatures, and the development of standards and certification systems related to green trade [1] - Legal responsibilities will be refined, with adjustments to penalty clauses to allow authorities to apply fines based on specific case circumstances without a minimum fine limit [1]

Group 1 - The 19th meeting of the 14th National People's Congress Standing Committee will be held from December 22 to 27 in Beijing, focusing on the second review of the draft amendment to the Foreign Trade Law [1] - The second review draft aims to enhance the promotion of trade, support the construction of a cross-border financial service system, and improve the facilitation of foreign trade through international recognition of digital certificates and electronic signatures [2] - The draft amendment also emphasizes the importance of building a product standard, certification, and labeling system related to green trade, as well as supporting the development of a talent pool for foreign trade [2] Group 2 - During the recent National People's Congress, six representatives proposed opinions regarding the amendment to the Foreign Trade Law, indicating strong support for the revision process [3] - A public consultation on the draft amendment received 133 opinions from 43 individuals, along with 656 suggestions from 18 grassroots legislative contact points, focusing on improving import/export regulations and trade order [3] - The feedback from the public and representatives highlights the need for better legal responsibilities and measures to enhance foreign trade promotion [3]