The 17th session of the Standing Committee of the 13th National People's Congress, which concluded on 29 April, deliberated and adopted a revised Law on the Prevention and Control of Environmental Pollution by Solid Waste which will come into force on September 1, 2020. 

Below we briefly summarize some key provisions of the Administrative Provisions, as well as highlight the differences between the Administrative Provisions and the consultation Paper released on December 13, 2019 .

In conclusion, in general we are of the view that the newly-added Long-arm jurisdiction Clause in the PRC Securities Law will not lead to the imposition of direct sanctions by the CSRC on overseas fraudulent activity of China-based stock companies.