The newly revised “Administrative Measures on the List of Serious Violations and Untrustworthy Market Supervision and Administration” will come into effect today. This revision optimizes inclusion procedures, improves inclusion situations, protects people's livelihood and safety, and standardizes market order. The General Administration of Market Regulation said that the list of serious offenses and loss of trust is a highly binding supervisory tool. In recent years, the management of serious illegal and untrustworthy lists has played an important role in regulating market order and purifying the market environment. According to the General Administration of Market Regulation, with economic and social development and deepening of supervisory practices, the original regulations revealed problems such as incomplete inclusion situations and poor connections between administrative penalties and procedures for inclusion in the serious illegal and untrustworthy list. The revised “Administrative Measures on the Serious Illegal and Untrustworthy List for Market Supervision and Administration” optimizes the procedures for inclusion in the Serious Illegal and Untrustworthy List, and improves the circumstances of inclusion.

The newly revised “Administrative Measures on the List of Serious Violations and Untrustworthy Market Supervision and Administration” will come into effect today. This revision optimizes inclusion procedures, improves inclusion situations, protects people's livelihood and safety, and standardizes market order. The General Administration of Market Regulation said that the list of serious offenses and loss of trust is a highly binding supervisory tool. In recent years, the management of serious illegal and untrustworthy lists has played an important role in regulating market order and purifying the market environment. According to the General Administration of Market Regulation, with economic and social development and deepening of supervisory practices, the original regulations revealed problems such as incomplete inclusion situations and poor connections between administrative penalties and procedures for inclusion in the serious illegal and untrustworthy list. The revised “Administrative Measures on the Serious Illegal and Untrustworthy List for Market Supervision and Administration” optimizes the procedures for inclusion in the Serious Illegal and Untrustworthy List, and improves the circumstances of inclusion.