Group 1 - Xi Jinping and Donald Trump had a phone call discussing the current state of China-US relations and strategic guidance for future development [3] - The State Council, led by Premier Li Qiang, held a meeting focusing on the implementation of the "Beautiful China" initiative and discussed the revision of the Banking Supervision Law [3] - The People's Bank of China will hold a significant press conference on September 22, 2025, to introduce achievements in the financial sector during the 14th Five-Year Plan period [3] Group 2 - The Ministry of Ecology and Environment reported that China has achieved its 2030 renewable energy targets ahead of schedule, with a continuous decline in carbon intensity during the 14th Five-Year Plan [3] - The Ministry of Commerce is promoting reforms in the automotive aftermarket to stimulate consumption and will work to eliminate restrictive measures in this sector [3] - The National Medical Products Administration is seeking opinions on a draft to enhance cosmetics regulation, aiming for a more robust regulatory framework by 2030 and achieving international standards by 2035 [3] Group 3 - Longi Green Energy and JinkoSolar have reached a settlement regarding global patent disputes, agreeing to end all ongoing legal proceedings and establish cross-licensing arrangements [3] - Huadian Co. announced plans to issue H-shares and list on the Hong Kong Stock Exchange, with discussions ongoing with relevant intermediaries [3] - Dingxin Communications faced regulatory warnings for misleading information regarding its agreement with Alibaba's semiconductor subsidiary, PingTouGe [3] Group 4 - ByteDance announced it will comply with Chinese laws to ensure TikTok's continued service in the U.S. [4] - The U.S. House of Representatives passed a temporary spending bill to avoid a government shutdown, but it faces significant resistance in the Senate [4] - The European Commission proposed new sanctions against Russia, including a ban on liquefied natural gas and a price cap on Russian oil [4]

Core Viewpoint - The National Medical Products Administration (NMPA) has released a draft opinion aimed at deepening cosmetic regulation reform to promote high-quality development in the industry, encouraging the launch of new cosmetic products in China and aligning with international trade standards [1][2]. Group 1: Overall Requirements - The reform is guided by Xi Jinping's thoughts and aims to enhance the regulatory framework, ensuring safety and quality while fostering innovation in the cosmetic industry [3]. - By 2030, the regulatory legal system for cosmetics is expected to be more complete, with improved standards and enhanced risk prevention capabilities [3]. Group 2: Innovation Support - The draft encourages the establishment of a registration channel for new efficacy cosmetics, allowing for immediate review upon application [4]. - It promotes the launch of innovative international cosmetic products in China, exempting them from providing proof of prior sales in their home countries if they meet local registration requirements [5]. Group 3: Registration and Management Efficiency - The draft proposes improvements in the registration and filing process, allowing similar products to share safety data to streamline approvals [6]. - It aims to enhance the efficiency of technical reviews by establishing a collaborative review mechanism between national and provincial regulatory bodies [6]. Group 4: Production and Operation Supervision - The draft suggests a risk-based classification system for cosmetic production and operation, optimizing resource allocation for regulatory oversight [8]. - It emphasizes the need for improved quality management systems within cosmetic companies to ensure product safety [8]. Group 5: International Alignment - The draft highlights the importance of international cooperation in cosmetic regulation, aiming to align domestic standards with international norms [12]. - It encourages the reduction of animal testing in cosmetics, promoting alternative testing methods [12].

Core Viewpoint - The National Medical Products Administration (NMPA) is seeking public feedback on a draft opinion aimed at deepening cosmetic regulation reform to promote high-quality industry development by 2030 and 2035 [1] Group 1: Regulatory Goals - By 2030, the legal system for cosmetic regulation will be more complete, the standard system will be more robust, technical support will be stronger, innovation vitality in the industry will be enhanced, risk prevention capabilities will be comprehensively strengthened, and quality safety levels will be significantly improved [1] - By 2035, the quality and safety regulatory system for cosmetics will reach an internationally advanced level, with regulatory systems, mechanisms, and methods better adapted to the inherent requirements of industry innovation and high-quality development [1] Group 2: Industry Competitiveness - The industry is expected to have stronger innovation and creativity, as well as enhanced global competitiveness, with the basic realization of regulatory modernization by 2035 [1]

Core Viewpoint - The article emphasizes the acceleration of innovation in China's cosmetic raw materials through regulatory reforms, particularly the "immediate reporting and review" system, which aims to enhance the industry's competitiveness on a global scale [2][6][12]. Regulatory Reforms - The National Medical Products Administration (NMPA) has introduced the "immediate reporting and review" system for new cosmetic raw materials, significantly shortening the approval process and encouraging innovation [6][12]. - A draft opinion on deepening cosmetic regulatory reforms has been prepared, indicating a shift towards a more systematic and high-quality regulatory framework [4][8]. - The NMPA is focusing on high-value innovative raw materials, providing personalized support to encourage genuine innovation [7][12]. Industry Growth - The cosmetic market in China reached a total transaction value of 107.38 billion yuan in 2024, with online sales accounting for 55.2% of the market share among the top 100 brands [8]. - As of August 20, 2025, there are 6,093 cosmetic production enterprises and over 2.24 million registered and filed cosmetic products, indicating rapid industry expansion [9]. Innovation and Market Dynamics - The NMPA's reforms are expected to lower innovation costs and time, allowing companies to respond more quickly to market demands and convert innovations into competitive advantages [12][14]. - The transition from a regulatory ordinance to a legal framework signifies an elevation of the cosmetic industry's status within the national economy [15]. Collaborative Governance - The NMPA aims to establish a governance framework that includes corporate responsibility, government regulation, industry self-discipline, and public participation to foster a healthy innovation ecosystem [11]. - The China Fragrance and Cosmetic Industry Association plays a crucial role in this governance structure, contributing to safety assessments and technological advancements in the industry [11].