影响⽣活⽅⽅⾯⾯，⼀批

A number of new laws

and regulations will be
新的法律法规3⽉起开始
实施
implemented in March
that a ect every aspect
of life

⽅⽅⾯⾯ (fāngfāngmiànmiàn) all sides; all aspects; multi-faceted. 批 (pī) to ascertain; to act on; to
2020-03-01 criticize; to pass on; classi er for batches, lots, military ights; tier (for the ranking of universities and
colleges). 法规 (fǎguī) legislation; statute. 实施 (shíshī) to implement; to carry out.

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" Study Text

From today (March 1), a batch of

new laws and regulations have
从今天（3⽉1⽇）起，⼀批新 施⾏ (shīxíng) to put in place; to put into
practice; to take e ect.
been implemented.
的法律法规开始施⾏。
Starting today,
今天起，
The revised Securities Law came
into e ect.
修订后的证券法正式施⾏。 修订 (xiūdìng) to revise. 证券 (zhèngquàn)
negotiable security ( nancial); certi cate;
stocks and bonds.

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 The new law fully implements
the securities issuance system of
新法全⾯推⾏证券发⾏注册制 全⾯ (quánmiàn) all-around; comprehensive;
total; overall. 推⾏ (tuīxíng) to put into e ect; to
the securities issuance
registration system,
的证券发⾏制度， carry out. 发⾏ (fāxíng) to publish; to issue
(stocks, currency etc); to release; to distribute
(a lm). 注册 (zhùcè) to register; to enroll. 制度
(zhìdù) system (e.g. political, adminstrative etc);
institution: ⼀个制度.

No longer stipulate the approval

system;
不再规定核准制； 核准 (hézhǔn) to authorize; to investigate then
ratify.

The company’s issuance of

stocks should be "sustainable
将企业发⾏股票应当“具有持 企业 (qǐyè) company; rm; enterprise;
corporation: ⼀家企业. 股票 (gǔpiào) share
pro tability" requirements,
续盈利能⼒”的要求， certi cate; stock ( nance). 应当 (yīngdāng)
should; ought to. 具有 (jùyǒu) to have; to
possess. 持续 (chíxù) to continue; to persist;
sustainable; preservation. 盈利 (yínglì) pro t;
gain.

Changed to "has the ability to

continue operations".
改为“具有持续经营能⼒”。 改为 (gǎiwéi) to change into. 经营 (jīngyíng) to
engage in (business etc); to run; to operate.

For issuers and listed

companies,
对发⾏⼈和上市公司， 发⾏⼈ (fāxíngrén) publisher; issuer. 上市公司
(shàngshìgōngsī) listed company.

Information disclosure puts

forward higher requirements,
信息披露提出了更⾼要求， 披露 (pīlù) to reveal; to publish; to make public;
to announce.

Signi cantly increase the

penalties for securities violations.
⼤幅度提⾼对证券违法⾏为的 ⼤幅度 (dàfúdù) by a wide margin; substantial.
违法 (wéifǎ) illegal; to break the law. ⾏为

处罚⼒度。 (xíngwéi) action; conduct; behavior; activity. 处

罚 (chǔfá) to penalize; to punish. ⼒度 (lìdù)
strength; vigor; e orts; (music) dynamics.

The securities market ban

system for illegal actors has also
还完善了对违法⾏为⼈的证券 完善 (wánshàn) perfect; to make perfect; to
improve. 证券市场 (zhèngquànshìchǎng)
been improved.
市场禁⼊制度。 nancial market.

Ministry of Finance,
财政部、 财政部 (Cáizhèngbù) Ministry of Finance.

The latest announcement of the

State Administration of Taxation,
税务总局最新公告， 税务 (shuìwù) taxation services; state revenue
service. 总局 (zǒngjú) head o ce; general
o ce; central o ce. 公告 (gōnggào) post;
announcement.

From March 1st to May 31st,

2020,
⾃2020年3⽉1⽇⾄5⽉31⽇， ⽇⾄ (rìzhì) solstice; the winter solstice 冬⾄ and
summer solstice 夏⾄.

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 For small-scale VAT taxpayers in
Hubei Province,
对湖北省增值税小规模纳税 湖北省 (Húběi Shěng) Hubei Province (Hupeh)
in central China, abbr. 鄂, capital Wuhan 武汉.

⼈， 增值税 (zēngzhíshuì) value-added tax (VAT). 规

模 (guīmó) scale; scope; extent: ⼀个规模. 纳税
⼈ (nàshuìrén) taxpayer.

Taxable sales income at a rate of

3% applies,
适⽤3%征收率的应税销售收 适⽤ (shìyòng) to be applicable. 征收
(zhēngshōu) to levy (a ne); to impose (a tari ).

⼊， 率 (lǜ) rate; frequency. 税 (shuì) taxes; duties. 销

售 (xiāoshòu) to sell; to market; sales
(representative, agreement etc).

Exemption from value-added tax;

免征增值税； 征 (zhēng) journey; trip; expedition; to go on
long campaign; to attack.

Applicable to the 3% pre-

collection rate of prepaid value-
适⽤3%预征率的预缴增值税 缴 (jiǎo) to hand in; to hand over; to seize. 项⽬
(xiàngmù) item; project; sports event: ⼀个项⽬.
added tax items,
项⽬，
Suspend prepayment of value-
added tax.
暂停预缴增值税。 暂停 (zàntíng) to suspend; time-out (e.g. in
sports); stoppage; pause (media player).

Other provinces,
其他省、
autonomous region,
⾃治区、 ⾃治区 (zìzhìqū) autonomous region, namely:
Inner Mongolia 内蒙古⾃治区, Guangxi ⼴⻄壮
族⾃治区, Tibet ⻄藏⾃治区, Ningxia 宁夏回族
⾃治区, Xinjiang 新疆维吾尔⾃治区.

Small-scale VAT taxpayers in

municipalities,
直辖市的增值税小规模纳税 直辖市 (zhíxiáshì) municipality, namely: Beijing
北京, Tianjin 天津, Shanghai 上海 and

⼈， Chongqing 重庆, the rst level administrative

subdivision; province level city; also called
directly governed city.

For the same tax rate of 3%,

适⽤3%同档税率的， 档 (dàng) o cial records; grade (of goods); le;
records; shelves; cross-piece; classi er for
cross-pieces; Taiwan pr. .

Both are levied at 1%.

均按1%征收。 均 (jūn) equal; even; all; uniform.

Commercial mortgage interest

rate adjustment, borrowers can
商业房贷利率调整 借款⼈可 商业 (shāngyè) business; trade; commerce. 房
贷 (fángdài) home loan. 利率 (lìlǜ) interest rates.
"choose one"
“⼆选⼀” 调整 (tiáozhěng) to adjust; adjustment; revision:
⼀个调整. 借款⼈ (jièkuǎnrén) the borrower.

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 According to the announcement
of the People’s Bank of China,
根据中国⼈⺠银⾏公告， 中国⼈⺠银⾏ (Zhōngguó Rénmín Yínháng)
People's Bank of China.

From March 1, 2020 to August

31,
从2020年3⽉1号到8⽉31号，

The pricing basis of stock

oating-rate loans will be
将就存量浮动利率贷款的定价 将就 (jiāngjiu) to accept (a bit reluctantly); to put
up with. 存量 (cúnliàng) reserves. 浮动 (fúdòng)
converted.
基准进⾏转换。 to oat and drift; unstable. 贷款 (dàikuǎn) a
loan: ⼀笔贷款; to provide a loan (e.g. bank); to
raise a loan (from e.g. a bank). 定价 (dìngjià) to
set a price; to x a price. 基准 (jīzhǔn) norm;
standard; standard of reference; base; base
point; base line; benchmark; reference point;
reference frame; criterion; data. 转换
(zhuǎnhuàn) to change; to switch; to convert; to
transform.

This means that the pricing

benchmarks for stock
这意味着存量商业性个⼈住房 意味着 (yìwèizhe) to signify; to mean; to imply.
个⼈ (gèrén) individual; personal; oneself. 住房
commercial personal housing
loans will also be converted.
贷款定价基准也将进⾏转换。 (zhùfáng) housing.

The borrower can negotiate with

the bank to determine the xed
借款⼈可与银⾏协商确定选择 协商 (xiéshāng) to consult with; to talk things
over; agreement. 确定 (quèdìng) de nite;
interest rate,
固定利率， certain; xed; to x (on sth); to determine; to be
sure; to ensure; to make certain; to ascertain; to
clinch; to recognize; to con rm; OK (on
computer dialog box). 固定 (gùdìng) to x; to
fasten; to set rigidly in place; xed; set; regular.

Or it is converted to the quoted

interest rate of the loan market.
或者是转换为贷款市场报价利 市场 (shìchǎng) marketplace; market (also in
abstract). 报价 (bàojià) quoted price.

率。
From March 1st,
从3⽉1⽇起，
Shanghai,
上海、
Jiangsu,
江苏、 江苏 (Jiāngsū) Jiangsu province (Kiangsu) in
southeast China, abbr. 苏, capital Nanjing 南京.

6 provinces (cities) including

Guangdong,
⼴东等6个省（市），

Will pilot online inquiries on the

progress of tra c accident
将先⾏试点⽹上查询交通事故 先⾏ (xiānxíng) to precede others; in advance.
试点 (shìdiǎn) test point; to carry out trial; pilot
handling,
处理进度、 scheme. 事故 (shìgù) accident: ⼀桩事故, or ⼀
起事故. 处理 (chǔlǐ) to handle; to treat; to deal
with; to process: ⼀个处理. 进度 (jìndù) pace;
tempo; degree of progress (on project); work
schedule.

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 result,
结果，
To cause casualties or large
property losses,
对造成⼈员伤亡或者较⼤财产 造成 (zàochéng) to bring about; to create; to
cause. ⼈员 (rényuán) sta ; crew; personnel: ⼀

损失、 个⼈员. 伤亡 (shāngwáng) casualties; injuries

and deaths. 较⼤ (jiàodà) comparatively large.
财产 (cáichǎn) property; assets; estate: ⼀笔财
产. 损失 (sǔnshī) loss; damage: ⼀个损失; to
lose; to damage.

The parties involved in a tra c

accident handled by general
适⽤⼀般程序处理的交通事故 程序 (chéngxù) procedures; sequence; order;
computer program. 当事⼈ (dāngshìrén)
procedures,
的当事⼈各⽅， persons involved or implicated; party (to an
a air). 各⽅ (gèfāng) all parties (in a dispute
etc); all sides; all directions.

Can be accessed through the

Internet tra c safety integrated
均可以通过互联⽹交通安全综 综合 (zōnghé) comprehensive; composite;
synthesized; mixed; to sum up; to integrate; to
service platform webpage,
合服务平台⽹⻚、 synthesize.

"Tra c Management 12123"

mobile phone APP to query the
“交管12123”⼿机APP查询 交管 (jiāoguǎn) tra c control.

progress of the incident,

事故处理进度、
result.
结果。
This measure will be fully
implemented nationwide before
这⼀措施将于2020年底前在 措施 (cuòshī) measure; step: ⼀个措施. 年底
(niándǐ) the end of the year; year-end.
the end of 2020.
全国全⾯实施。
From March 1st,
从3⽉1⽇起，
The Ministry of Public Security
will be in Chongqing,
公安部将在重庆、 公安部 (Gōng ānbù) Ministry of Public Security.
重庆 (Chóngqìng) Chongqing city (Chungking),
formerly in Sichuan province, a municipality
since 1997, short name 渝.

Sichuan,
四川、 四川 (Sìchuān) Sichuan province (Szechuan) in
southwest China, abbr. 川 or 蜀, capital
Chengdu 成都.

Guangdong, Shenzhen and

other places have implemented
⼴东深圳等地试点推⾏“接受 减免 (jiǎnmiǎn) to lower tax; to reduce duties.

the "receiving education

deduction system for tra c
教育减免交通违法记分制
度”。
violation points."

According to the provisions of:

根据规定： 根据规定 (gēnjùguīdìng) according to
provisions; as stipulated in the rules.

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 Motor vehicle drivers participate
in learning tests or road safety
机动⻋驾驶⼈参加学习考试或 机动⻋ (jīdòngchē) motor vehicle. 驾驶⼈
(jiàshǐrén) (car, van) driver.
public welfare activities,
者交通安全公益活动，
Meet the relevant requirements,
达到相关要求的， 达到 (dádào) to reach; to achieve; to attain. 相
关 (xiāngguān) related; relevant; pertinent; to
be interrelated; (statistics) correlation.

You can apply for exemption

from the existing accumulated
可以申请减免现有累积记分中 现有 (xiànyǒu) currently existing; currently
available. 累积 (lěijī) to accumulate.
points.
的记分分值。
In a scoring cycle,
在⼀个记分周期⾥， 周期 (zhōuqī) period; cycle.

Each driver can save up to 6

points.
每个驾驶⼈累计最⾼可减免6 累计 (lěijì) to accumulate; cumulative.

分。
Human esh search, tra c fraud
and other illegal activities are
禁⽌⼈⾁搜索 流量造假等违 ⼈⾁搜索 (rénròusōusuǒ) human esh search; a
large-scale collective e ort to nd details about
prohibited
法活动 a person or event (Internet slang); see ⼈⾁搜
索引擎. 流量 (liúliàng) ow rate; rate;
throughput; site tra c (Internet). 造假 (zàojiǎ) to
counterfeit; to pass o a fake as genuine.

From March 1st,

从3⽉1⽇起，
The "Regulations on Ecological
Governance of Network
《⽹络信息内容⽣态治理规 ⽹络 (Wǎngluò) Internet. ⽣态 (shēngtài)
ecology. 治理 (zhìlǐ) to govern; to administer; to
Information Content" came into
e ect.
定》开始施⾏。 manage; to control; governance.

The regulations are clear,

规定明确， 明确 (míngquè) clear-cut; de nite; explicit; to
clarify; to specify; to make de nite.

Network information content

service users and producers,
⽹络信息内容服务使⽤者和⽣ 使⽤者 (shǐyòngzhě) user. ⽣产者
(shēngchǎnzhě) producer of a product;

产者、 manufacturer; autotroph (original producers in

a food chain).

The platform must not engage in

cyber violence,
平台不得开展⽹络暴⼒、 不得 (bùdé) must not; may not; not to be
allowed; cannot. 开展 (kāizhǎn) (begin to)
develop; unfold; to start; to launch; to open; to
carry out. 暴⼒ (bàolì) violence; force; violent.

Human esh search,

⼈⾁搜索、
Deep forgery,
深度伪造、 深度 (shēndù) depth; (of a speech etc)
profundity; advanced stage of development. 伪
造 (wěizào) to forge; to fake; to counterfeit.

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 Tra c fraud,
流量造假、
Illegal activities such as account
manipulation.
操纵账号等违法活动。 操纵 (cāozòng) to operate; to control; to rig; to
manipulate.

Network information content

producers shall abide by laws
⽹络信息内容⽣产者应当遵守 遵守 (zūnshǒu) to comply with; to abide by; to
respect (an agreement).
and regulations,
法律法规，
Prevent and resist production,
防范和抵制制作、 防范 (fángfàn) to be on guard; wariness; to
guard against; preventive. 抵制 (dǐzhì) to resist;
to boycott; to refuse (to cooperate); to reject;
resistance; refusal. 制作 (zhìzuò) to make; to
manufacture.

copy,
复制、 复制 (fùzhì) to duplicate; to make a copy of; to
copy; to reproduce; to clone.

Posts containing "Use

exaggerated headlines,
发布含有“使⽤夸张标题， 发布 (fābù) to release; to issue; to announce; to
distribute; also written 发布. 含有 (hányǒu) to
contain; including. 夸张 (kuāzhāng) to
exaggerate; overstated; exaggerated;
hyperbole; (coll.) excessive; extreme; ridiculous.
标题 (biāotí) title; heading; headline; caption;
subject.

The content is seriously

inconsistent with the title" and
内容与标题严重不符”和“炒 不符 (bùfú) inconsistent; not in agreement with;
not agree or tally with; not conform to. 炒作
"hype scandal,
作绯闻、 (chǎozuò) to hype; to promote (in the media).
绯闻 (fēiwén) sex scandal.

scandal,
丑闻、 丑闻 (chǒuwén) scandal.

Bad information such as "bad

track".
劣迹”等不良信息。 劣迹 (lièjì) bad record (esp. of a public o cial);
unsavory track record.

From March 1st,

从3⽉1⽇起，
The "Regulations on Ecological
Governance of Network
《⽹络信息内容⽣态治理规
Information Content" came into
e ect.
定》开始施⾏。

The regulations are clear,

规定明确，
Network information content
service users and producers,
⽹络信息内容服务使⽤者和⽣
产者、
The platform must not engage in
cyber violence,
平台不得开展⽹络暴⼒、

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 Human esh search,
⼈⾁搜索、
Deep forgery,
深度伪造、
Tra c fraud,
流量造假、
Illegal activities such as account
manipulation.
操纵账号等违法活动。

Network information content

producers shall abide by laws
⽹络信息内容⽣产者应当遵守
and regulations,
法律法规，
Prevent and resist production,
防范和抵制制作、
copy,
复制、
Posts containing "Use
exaggerated headlines,
发布含有“使⽤夸张标题，

The content is seriously

inconsistent with the title" and
内容与标题严重不符”和“炒
"hype scandal,
作绯闻、
scandal,
丑闻、
Bad information such as "bad
track".
劣迹”等不良信息。

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