NPC Expected to Vet Draft E-Commerce Law in 2016
24 March 2015
E-commerce is booming in China amid emergence of new situations and new problems. Deputy director of the National People’s Congress (NPC) Financial and Economic Affairs Committee Yin Zhongqing said that drafting of an e-commerce law is expected to be completed by the end of this year. The draft legislation will then be submitted to the NPC Standing Committee for deliberation next year.
Yin said that the NPC Financial and Economic Affairs Committee has formed 14 special research groups with experts and academics from relevant departments of the State Council and e-commerce model cities since the e-commerce law drafting team was formed more than a year ago. The research groups conducted systematic studies on the issues involving e-commerce legislation. Currently, an outline of the e-commerce legislation has been drafted.
Yin said that the main consideration of e-commerce legislation, preliminarily, is to encourage innovation and competition, as well as the need to regulate and manage. Legislative principles include protection of the interests of all parties, regulation of market order, self-regulation of e-commerce enterprises, supervision and coordination of online and offline sectors, and encouragement of innovation and development.
On the legal framework for e-commerce law, Yin said that in terms of transaction subject, participants of the network are to be classified, which include consumers, e-commerce enterprises, trading platforms, search engines, logistics and express delivery as well as third-party settlement. In trading behaviour, provisions of transaction process, trading rules and trading standards are required to be laid down, which include electronic contracts, trade in products, services provision, payments and security. In dispute settlement mechanism, regulations are required with regard to the integrity of the business environment, quality of goods and services, consumer protection and intellectual property protection.
Meanwhile, regulations are set to be imposed on the autonomy of e-commerce enterprises, self-regulation of the industry, government supervision and cross-border e-commerce.
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- Mainland China
- Mainland China