Core Viewpoint - The law aims to protect the rights and interests of rural collective economic organizations and their members, standardize their management, and promote high-quality development of new rural collective economies, thereby supporting rural revitalization and common prosperity [2][3]. Chapter Summaries Chapter 1: General Principles - Rural collective economic organizations are defined as regional economic entities based on collective land ownership, operating under a dual management system of family contracting and collective management [2][3]. - These organizations are crucial for the development of new rural economies, the consolidation of socialist public ownership, and the promotion of common prosperity [2][3]. Chapter 2: Members - Members of rural collective economic organizations are residents with stable rights and obligations related to the organization, relying on collective land for their basic livelihood [17]. - Members have rights to participate in decision-making, access financial reports, supervise management activities, and share in collective profits [21][28]. Chapter 3: Organization Registration - Rural collective economic organizations must register to obtain legal entity status and engage in civil activities appropriate to their functions [6][30]. - The establishment of these organizations must not alter collective land ownership [27]. Chapter 4: Organizational Structure - The members' assembly is the highest authority, responsible for major decisions, including the approval of the organization’s charter and the election of leadership [43][47]. - The organization can establish a council and a supervisory board to manage operations and ensure accountability [49][56]. Chapter 5: Property Management and Profit Distribution - Collective property is owned collectively and cannot be divided among individual members [36][62]. - The organization must manage collective assets responsibly and distribute profits according to established rules [69][70]. Chapter 6: Support Measures - The government is tasked with providing financial support and resources to enhance the development of rural collective economic organizations [79][82]. - Financial institutions are encouraged to offer diverse services to support these organizations [83]. Chapter 7: Dispute Resolution and Legal Responsibility - Disputes regarding member identity or internal management can be resolved through mediation or legal action [88][89]. - Members can seek legal recourse if their rights are infringed upon by decisions made within the organization [57][91]. Chapter 8: Supplementary Provisions - Existing organizations registered before the law's enactment will continue to be valid under the new regulations [97][98]. - The law will take effect on May 1, 2025 [99].

Core Viewpoint - The implementation of the "Law on Rural Collective Economic Organizations" in China starting May 1 this year is significant for the development of new rural collective economies, consolidation of socialist public ownership, and promotion of common prosperity [1] Group 1: Legal Framework and Implications - The law provides a clear legal framework for rural collective economic organizations, granting them special legal status and allowing them to engage in civil activities appropriate to their functions [1] - It specifies that these organizations are not subject to bankruptcy laws and can invest in or establish companies and cooperatives, thus enhancing their operational capabilities [1] - The law aims to protect collective property while offering pathways for stronger economic organizations to grow, fostering a clear property relationship and a sound governance structure [1] Group 2: Member Rights and Economic Participation - The law addresses the issue of member identification, particularly protecting the rights of women who marry outside their villages, ensuring they are recognized as members and entitled to share in benefits [2] - It also outlines provisions for public officials regarding their membership status in collective organizations, allowing them to retain certain rights after negotiation [2] - The law encourages diverse methods for developing new rural collective economies, such as resource leasing and property rental, which can help activate idle resources and promote local industries [2]