No human flesh search, change of mortgage interest rate policy … Understand the new rules in March!
Unconsciously, it’s already March! Affected by the epidemic, many primary and secondary schools postponed the start of school and continued to carry out online teaching. TOEFL, IELTS and GRE exams in mainland China were also cancelled in March.
At the same time, since March, a number of new regulations have been officially implemented, which will affect your life and mine.
On February 29th, a primary school participated in the online flag-raising ceremony through video at home. Photo by Liu Wenhua
Postpone the start of school in many places, and continue online teaching after March.
On February 27th, the central leading group meeting on COVID-19 epidemic situation emphasized that all localities and relevant departments should, in principle, continue to postpone the opening of schools, colleges and kindergartens according to the epidemic prevention and control situation.
On February 28th, the Party Group of the Ministry of Education issued a notice, clarifying that in principle, schools will not start until the epidemic situation is basically controlled. The starting work of primary and secondary schools should strengthen the territorial responsibility, start school at the wrong time and peak, and do a good job of teaching convergence. In principle, the third grade should be synchronized in the province and the third grade in the same city.
Affected by the epidemic, Jiangsu, Shanghai and other places postponed the start of school, and continued to carry out online teaching after March.
Among them, the Jiangsu Provincial Department of Education previously issued a notice saying that since March, junior high schools and high schools in Jiangsu Province have continued to organize online teaching, middle and senior primary schools and special education schools have implemented home learning guidance, and primary schools and kindergartens have implemented home life and learning guidance. The official start time of primary and secondary schools will be determined and released after scientific evaluation according to the epidemic situation.
According to the Shanghai Municipal Education Commission, from March, online education will be conducted in all primary and secondary schools in Shanghai (online education in primary and secondary schools will start on March 2), and students will not attend school. Follow-up study time will be determined after scientific evaluation according to the epidemic situation.
Image source: Weibo screenshot
TOEFL, IELTS and GRE exams were cancelled in mainland China in March.
TOEFL, IELTS and GRE are also affected by the epidemic.
On February 14th, Weibo, the official IELTS official, announced that all kinds of IELTS tests in March this year will be cancelled in Chinese mainland from now on, and the examination fees will be fully refunded to the candidates’ personal registration accounts. The IELTS official said that the registration and examination arrangements for the IELTS test after March will be released according to the epidemic situation.
On February 17th, educational testing service (ETS) announced its decision to cancel all TOEFL and GRE general exams in Chinese mainland in March. At present, all TOEFL and GRE general examinations in Chinese mainland in February and March have been cancelled, and the examination fees will be fully refunded to the candidates’ personal accounts.
Data map. Luo Yunfei
Mortgage interest rate "repricing" mortgage family ushered in multiple-choice questions
According to the announcement of the People’s Bank of China, from March 1 to August 31, 2020, the pricing benchmark of floating interest rate loans will be converted. This means that the stock commercial personal housing loan pricing benchmark will also be converted.
The announcement makes it clear that from March 1, 2020, financial institutions should negotiate with customers of existing floating interest rate loans on the conversion terms of the pricing benchmark, and convert the interest rate pricing method agreed in the original contract into LPR as the pricing benchmark (the adding point can be negative), and the adding point value will be fixed for the remaining term of the contract; It can also be converted into a fixed interest rate. Pricing benchmark can only be converted once, and cannot be converted again after conversion. The floating interest rate loan in stock that has been in the last repricing cycle may not be converted.
The conversion of the pricing benchmark of the stock presents a multiple-choice question for the borrower: it can be converted into LPR through consultation with the bank, or a fixed interest rate can be selected. If LPR pricing is chosen, it will be more appropriate for customers to choose floating interest rate quotation in the context of expected LPR decline; However, under the influence of inflation and other factors, LPR does not rule out that it will enter an upward cycle, and the floating mortgage interest rate may also rise. If you choose to switch to a fixed interest rate, the borrower may bear a little more interest expenses in the recent repricing cycle.
Data Map China News Agency reporter Hou Yushe
The implementation of the new securities law fully implements the registration system.
The newly revised Securities Law of People’s Republic of China (PRC) (hereinafter referred to as the "New Securities Law") shall come into force on March 1st.
The new securities law has reformed and improved the basic systems of the securities market in ten aspects: clearly and comprehensively implementing the securities issuance and registration system, significantly increasing the illegal cost of securities, improving the investor protection system, further strengthening the information disclosure requirements, improving the securities trading system, implementing the "streamline administration, delegate power, strengthen regulation and improve services" requirement to cancel a series of relevant administrative licenses, compacting the legal responsibilities of the "gatekeeper" in the intermediary market, establishing and improving a multi-level capital market system, strengthening supervision and law enforcement and risk prevention, and expanding the scope of application of the securities law.
Judging from the penalties for violations of laws and regulations, the new securities law raises the maximum fine for letter-wearing violations from 600,000 yuan to 10 million yuan, and the maximum fine for fraudulent issuance to 20 million yuan; For insider trading and market manipulation, the maximum fine will be raised from 5 times to 10 times of the illegal income. If there is no illegal income, the maximum fine will be raised from 600,000 yuan to 5 million yuan and 10 million yuan. Insiders pointed out that after the implementation of the new securities law, it is expected that illegal activities in the capital market will be deterred and contained.
In the data map, the new network Wu Tao photo
Since March, cyber violence human flesh search has been banned.
The "Regulations on Ecological Governance of Network Information Content" will be implemented on March 1.
According to the Regulations, producers of online information content are not allowed to produce, copy or publish illegal information that "endangers national security, divulges state secrets, subverts state power, undermines national unity" and "damages national honor and interests", and should take measures to prevent and resist the production, copying and publication of illegal information that contains "exaggerated titles, contents that are seriously inconsistent with the titles" and "hype, scandals and misdeeds".
In addition, according to the Regulations, users, producers and platforms of online information content services are not allowed to carry out illegal activities such as cyber violence, human flesh search, deep forgery, traffic fraud and account manipulation.
Data map. China News Service reporter Sultan photo
In some areas, pilot "receiving education to reduce traffic violation points"
The public security traffic control department will launch six new measures to facilitate the people and benefit enterprises, such as receiving education and reducing traffic violation scores. Three of the six new measures will be implemented on a pilot basis from March 1, 2020, and another three will be fully implemented nationwide before the end of March 2020.
The measures implemented in the three pilot projects mainly focus on actively promoting the application of electronic licenses in the traffic control field and optimizing the driver’s scoring management. It mainly includes the electronization of motor vehicle inspection marks, the reduction of traffic violation scores through education, and the online inquiry of traffic accident handling progress and results.
Pilot acceptance of education to reduce traffic violation points is to adhere to the combination of education and punishment. For motor vehicle drivers who meet the prescribed conditions and participate in traffic safety education, examinations or traffic safety public welfare activities organized by the traffic management department of public security organs to meet the relevant requirements, the maximum reduction of traffic violation points is no more than six points, and the scoring system plays a positive incentive role in education and guidance and encouraging compliance. This measure has been piloted in Hubei, Shenzhen, Guangdong and other places since March 1, 2020.
Data map. Photo by Zhang Yun
It is more secure to buy financial insurance to protect rights.
The Measures for the Administration of Handling Consumer Complaints in Banking and Insurance Industry will come into force on March 1st. The Measures clarify that bank insurance institutions are responsible for handling consumer complaints, manage consumer complaints territorially, fully consider and respect consumers’ reasonable demands, and make a fair and legal conclusion.
The "Measures" encourage improving the efficiency of complaint handling. For consumer complaints with clear facts and simple disputes, the bank insurance institution shall complete the handling within 15 days and inform the complainant. If the situation is complicated, it can be extended to 30 days; If the situation is particularly complicated or there are other special reasons, the processing period will be extended for another 30 days after the necessary examination and approval procedures.
In addition, the Measures require bank insurance institutions to establish and improve the system of traceability rectification and accountability. Bank insurance institutions should establish a complaint handling avoidance system, and designate personnel who have no direct interest in the complaint to handle the complaint.
The Measures emphasize that bank insurance institutions shall not refuse to accept consumers’ reasonable complaints, and shall not require complainants to provide materials that the institutions have mastered or can obtain by inquiring internal information files.
Author: Zhang Ni