Tag Archives: Joint Punishment

MOU on the Joint Punishment of Listed Companies Engaging in Misconduct or Breaches of Trust

Memorandum of Understanding on the Joint Punishment of Subjects of Liability of Listed Companies Who Engage in Misconduct or Breaches of Trust

In order to comprehensively implement the spirit of the 18th Party Congress, and of the 3rd, 4th, 5th, 6th, Plenums, to implement the requests of praising integrity and punishing breaches of trust, posed by such documents as the “State Council Opinions on Promoting Safe Competition and Safeguarding the Normal Order of the Market” (State Council Document no. 20 [2013]), the “State Council Notice Issuing the Planning Outline on the Construction of a Social Credit System (2014-2020)” (State Council Document no. 21 [2014], the “State Council General Office Notice on Further Strengthening the Protecton of the Rights and Interests of Small and Medium-Sized Investors in Capital Markets (State Council Document no. 110 [2013]), the Development and Reform Commission, the SFC, the People’s Bank, the Central Spiritual Civilization Office, the Supreme People’s Court, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Finance, the Ministry of Environmental Protection, the Ministry of Transport, the Ministry of Commerce, SASAC, the General Administration of Customs, the General Administration of Taxation, the General Administration of Industry and Commerce, AQSIQ, the China Food and Drug Administration, the Central Leading Group for Cyberspace Affairs, CBRC, the Banking and Insurance Regulatory Commission, the Foreign Exchange Bureau, the National Federation of Trade Unions, on the basis of relevant laws and regulations, rules and normative documents, have reached the following unanimous opinion on the joint punishment of listed companies and related institutions and their personnel who engage in misconduct or breaches of trust.

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Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Insurance.

Notice Issuing the

Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Insurance.

To all provinces, autonomous regions, municipalities directly controlled by the central government, and to relevant departments and institutions of the Xinjiang Production and Construction Corps:

In order to comprehensively implement the spirit of the 18th Party Congress, and of the 3rd, 4th, 5th, 6th, Plenums, to implement the requests of such documents as the “State Council Opinions on Promoting Safe Competition and Safeguarding the Normal Order of the Market” (State Council Document no. 20 [2013]), the “State Council Opinions on Accelerating the Development of a Modern Insurance Sector” (State Council Document no. 29 [2014]), the “State Council Notice Issuing the Planning Outline on the Construction of a Social Credit System (2014-2020)” (State Council Document no. 21 [2014], and the “State Council Guiding Opinion on Improving the System of Joint Incentives and Joint Punishments and Accelerating the Construction of a Social Credit System” (State Council Document no. 3 [2016]), the construction of credit in the insurance industry shall be accelerated, and the formation of a powerful joint force to praise integrity and punish breaches of trust shall be promoted.

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Memorandum of Understanding on the Joint Punishment of Subjects Who Seriously Breach Trust in the Financial Sector

Notice Issung the

Memorandum of Understanding on the Joint Punishment of Subjects Who Seriously Breach Trust in the Financial Sector

Development and Reform Commission Document no. 454 [2017]

In order to implement the spirit of the 18th Party Congress, and of the 3rd, 4th, 5th, 6th Plenums, to implement the requirements of the ‘State Council Opinions on Promoting Fair Competition and Safeguarding the Normal Order of the Market’ (State Council Document no. 20 [2013]) of the ‘State Council Notice Issuing the Planning Outline on the Construction of a Social Credit System (2014-2020)’ (State Council Document no. 21 [2014]) and the general requirements of “praising integrity, punishing breaches of trust”, promoting sharing and integration of big data, innovating and driving a sound social credit system, in accordance with stipulations of the ‘Notice on the Work of Strengthening Supervision and Management on the List of Persons who Severely Breach Trust in the Field of Finance’, the national Development and Reform Commission, the People’s Bank of China, the CBRC, the CSRC, the CIRC, the Supreme People’s Court, the Central Propaganda Department, the Public Sector Reforms Commission, the Central Spiritual Civilization Office, the Cyberspace Administration, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Human Resources and Social Security, the Ministry of Commerce, SASAC, the General Administration of Customs, the General Administration of Taxation, SAIC, AQSIQ, The Department of Foreign Exchange and other departments have reached the following unanimous opinion:

9 March 2017

Annex: Memorandum of Understanding on the Joint Punishment of Subjects Who Seriously Breach Trust in the Financial Sector

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Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Real Estate

Notice of the National Development and Reform Commission Issuing the

Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Real Estate

Development and Reform Commission Document no. 1206 (2017)

To all provinces, autonomous regions, municipalities directly controlled by the central government, and related departments and institutions of the Xinjiang Production and Construction Corps:

In order to implement the spirit of the 18th Party Congress, and of the 3rd, 4th, 5th, 6th Plenums, to implement the requirements of the ‘State Council Notice Issuing the Planning Outline on the Construction of a Social Credit System (2014-2020), the ‘State Council Guiding Opinion on Establishing a system of joint rewards for those who keep trust and a system of joint punishment for those who breach trust and accelerating the construction of a social integrity system’, and the ‘State Council Opinions on accelerating nurturing and development of the housing market’ (Guofa [2016] no. 39), focus on cultivating and carrying forward socialist core values, accelerate the construction of a social credit system, establish and perfect a joint punishment mechanism for those who breach trust, establish a sound inter-departmental joint punishment mechanism, promote a business conduct of lawfulness and integrity among relevant subjects on in the field of real estate, the National Development and Reform Commission, the People’s Bank of China, The Ministry for Housing and Urban and Rural Construction, the Central Organization Department, the Central Propaganda Department, the Public Sector Reform Commission, the Central Spiritual Civilization Office, the Cyberspace Administration, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Human Resources and Social Security, the Ministry of Land Resources, the Ministry of Environmental Protection, the Ministry of Transportation, the Ministry of Water Resources, the Ministry of Commerce, SASAC, the General Administration of Customs, the General Administration of Taxation, AQSIQ, GSS, CBRC, CSRC, CIRC, the Civil Service Bureau, the Civil Aviation Bureau, the National Federation of Trade Unions, the Central Committee of the Communist Youth League, the National Women’s Federation and the Railway Corporation have signed the Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Real Estate.The Memorandum of Understanding is hereby issued to you, please diligently implement it.

Annex: Memorandum of Understanding on the Joint Punishment of Subjects who Breach Trust in the Field of Real Estate

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Shaanxi People’s Government Implementing Opinion on Improving a system of Joint Incentives for Those Who Maintain Trust and Joint Punishments for Those Who Breach Trust and Accelerating the Construction of a System of Integrity

各设区市人民政府,省人民政府各工作部门、各直属机构:
为贯彻落实《国务院关于建立完善守信联合激励和失信联合惩戒制度加快推进社会诚信建设的指导意见》(国发〔2016〕33号),进一步健全褒扬诚信、惩戒失信的制度体制机制,加快“诚信陕西”建设,现提出如下实施意见。

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