Shanghai Municipal AMR Issued Management Measures on Promoting Special Funds In a Standardized Way

On November 14, 2022, Shanghai Municipal Administration for Market Regulation (“Shanghai AMR”) issued Management Measures on Promoting Special Funds in a Standardized Way (draft for comments) (“Measures”) and the deadline for feedback is December 14, 2022.

The special funds of Measures refer to the special funds arranged by the municipal financial budget to support the implementation of the city’s standardization strategy. The Measures clarifies that the special funds are mainly used to support the following standardization promotion projects: (i) revision of projects in a standardized way; (ii) standardization technology organization projects; (iii) standardization demonstration pilot projects; (iv) standardization activities. The Measures also includes rules of the support amount, support mode and declaration review and other related contents.