Starting in April, these new regulations will be implemented

Starting April 2026, a batch of nationwide new regulations will officially come into effect, covering areas such as short-term trading, credit repair, environmental protection, and more.

Clarify regulation of short-term trading

The “Several Regulations on the Supervision of Short-term Trading” (hereinafter referred to as the “Regulations”) will take effect from April 7, 2026. Based on a systematic review of domestic and international legislation, judicial practices, and regulatory practices, the Regulations respond to market concerns and further clarify the regulatory arrangements for major shareholders, directors, supervisors, and senior executives’ short-term trading. The Regulations specify the applicable subjects and the scope of securities, stipulating that if the buyer and seller both have the status of major shareholders or senior management at the time of purchase and sale, or if they did not have such status at the time of purchase but do at the time of sale, they must comply with the short-term trading rules; they also specify that “other securities with equity characteristics,” including depositary receipts, exchangeable bonds, convertible bonds, etc., are included, with detailed regulatory requirements.

Minor breaches of trust will not be publicly disclosed

The “Credit Repair Management Measures” (hereinafter referred to as the “Measures”) will come into effect from April 1, 2026. The Measures clearly categorize dishonest information into three levels: “minor, general, and serious.” Minor breaches of trust will generally not be publicly disclosed; if industry authorities deem it necessary to disclose, the disclosure period shall not exceed three months, and the responsible party can apply for repair after fulfilling legal obligations. The minimum disclosure period for general breaches of trust is three months, and the maximum is one year. The minimum disclosure period for serious breaches of trust is one year, and the maximum is three years.

Ensure supervision and management of medical insurance fund usage

The “Implementation Rules for the Supervision and Management of Medical Insurance Fund Usage” will take effect from April 1, 2026. It clearly states that medical insurance administrative departments should collaborate and coordinate with health, traditional Chinese medicine, market supervision, finance, audit, public security, and other departments, establishing mechanisms for communication, information sharing, case transfer and feedback, and joint sanctions. Based on work needs, the administrative departments can conduct joint inspections with relevant departments to jointly oversee the use of medical insurance funds.

Standardize platform pricing power

The “Rules for Internet Platform Pricing Behavior” will come into effect from April 10, 2026. It clarifies that operators within platforms who sell goods or provide services on different platforms shall set prices independently according to law. Platform operators shall not violate Article 35 of the “E-commerce Law of the People’s Republic of China” by raising charges, adding fee items, deducting deposits, reducing subsidies or discounts, restricting traffic, lowering search rankings, algorithmic downgrades, blocking shops, removing products or services, or other measures to impose unreasonable restrictions on the pricing behavior of platform operators.

Prohibit abuse of complaint and reporting rights

The “Measures for Handling Complaints and Reports in Market Supervision” (hereinafter referred to as the “Measures”) will take effect from April 15, 2026. The Measures stipulate that complaints and reports should comply with laws, regulations, rules, and relevant provisions, and must not be abused to seek improper benefits, infringe on the legitimate rights and interests of operators, or disrupt market economic order and market supervision. All parties should uphold the principles of honesty and good faith, conduct activities within the rule of law, and ensure that their lawful rights and interests are protected according to law.

Clarify responsibilities for recycling of power batteries

The “Interim Measures for the Recycling and Comprehensive Utilization of Waste Power Batteries from New Energy Vehicles” will come into effect from April 1, 2026. It clearly states that power battery enterprises shall bear the responsibility for recycling the power batteries of new energy vehicles they produce or import and sell domestically, and shall not refuse to accept waste power batteries transferred from enterprises engaged in power battery leasing, battery swapping, vehicle maintenance, and other related services.