Core Points - Shenzhen will add 26 "Prepaid Worry-Free" business circles by January next year, aiming to enhance the regulation of prepaid business activities [1] - The newly released "Compliance Guidelines for Prepaid Business Activities" outlines six responsibilities for business circles and four compliance points for merchants, along with four risk identification tips for consumers [1] - A total of 32 representatives from the municipal people's congress and political consultative conference have been appointed as the first "Supervisory Observers" for prepaid business regulation, promoting social supervision and industry self-discipline [2] Group 1 - Shenzhen's initiative includes the establishment of 26 new "Prepaid Worry-Free" business circles by January 2024 [1] - The "Compliance Guidelines" specify responsibilities such as qualification review, filing, regular inspections, and contract and fund security [1] - The guidelines also highlight four common illegal practices in prepaid consumption, including "contract absence" and "arbitrary business suspension" [1] Group 2 - The initiative involves collaboration among various government departments, including the Development and Reform Commission and the Education Bureau, focusing on key prepaid consumption areas [1] - Business representatives from 13 business circles and seven industry associations have committed to adhering to the compliance guidelines and accepting supervision [2] - The goal is to establish a framework for compliance in sectors like catering, sports fitness, and dental care [2]

Core Points - Shenzhen has launched a special governance initiative for prepaid business operations, emphasizing compliance and consumer protection through the release of the "Compliance Guidelines for Prepaid Business Activities" [1] - The guidelines outline six responsibilities for business circles and four compliance points for merchants, along with a four-step risk identification method for consumers [1] Group 1 - The "Compliance Guidelines" specify responsibilities including qualification review, filing, regular inspections, warning announcements, contract security, and fund security [1] - Merchants are required to comply with qualifications, contracts, funds, and performance integrity [1] - Consumers are advised to check qualifications, verify terms, choose guarantees, and retain evidence to identify risks [1] Group 2 - 32 representatives from Shenzhen's People's Congress and Political Consultative Conference have been appointed as the first "Supervisory Observers" for prepaid business regulation [5] - These observers will conduct joint supervision and research activities to enhance social oversight and promote self-governance among enterprises and industry self-discipline [5] - 13 business circle representatives and various industry associations have committed to strictly implement the guidelines and accept supervision [5] Group 3 - By January 2026, Shenzhen plans to establish 26 new "Prepaid Worry-Free" business circles to create demonstration benchmarks and expand the consumer confidence ecosystem [5] - The initiative aims to continuously stimulate consumer activity and enhance the overall market environment [5]