The new administrative penalty law was officially promulgated on January 22, 2021 and will come into force on July 15, 2021 The new version supplements the types of administrative punishment, and introduces the types of administrative punishment such as behavior punishment and qualification punishment. The illegal gains shall be confiscated in addition to refund and compensation according to law. If an illegal act involves the life, health and safety of citizens and financial safety and has harmful consequences, the period of accountability shall be extended to five years. The first violation of the law may not be punished, that is,Read More →
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