China To Accelerate E-Commerce Development

Thursday 3 March 2005 10:51 CET | News

Chinas State Council has recently issued a document, calling for accelerating the pace in developing E-commerce.

The following is the main contents of the document entitled Proposals on Accelerating the Development of E-commerce: - Laws and regulations: to implement the electronic signature law and draft laws and regulations concerning E-trading, credit management, security certification, on-line payment, taxation, market access, privacy protection and information resource management; to stimulate the construction of network arbitration and network public notary and other law service and insurance systems; to crack down on illegal operations and other law violating activities that threaten the immediate interests of the state and the people. - Investment and financing system: to set up multi-channel investment and financing systems to meet diverse demands of E-commerce and formulate policies for encouraging mutual supporting and coordination of the financial industry and e-commerce. - Credit system: to strengthen government oversight, self-discipline and sectoral cooperation and association and encourage participation of enterprises to establish a credit information sharing mechanism and realize dynamic collection, processing and exchange of credit information data; to tighten oversight and punish cases of loss of credit. - Security certification: to formulate rules on the management of security certification to standardize the management of keys, certification documents and certification organizations and to develop encrypting technologies of independent intellectual property rights. - On-line payment: to improve the regulations and technical standards of the on-line payment system, tighten risk control, formulate third party payment service rules, promote the use of bank cards and on-line banking services.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce