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Table 3.15 Government guidance funds
Name: Shenzhen Guidance Fund
Size (CNY billion): 100
Founding year: 2010
Industries: Information technology, healthcare, smart devices, environmental protection

Table 3.15 Government guidance funds
Name: Shenzhen State-owned Asset Reform and Development Fund
Size (CNY billion): 150
Founding year: 2016
Industries: Environmental protection, advanced manufacturing

Table 3.15 Government guidance funds
Name: Yangtze River Industry Fund
Size (CNY billion): 200
Founding year: 2015
Industries: Information technology, advanced manufacturing, new materials, healthcare, clean energy, emerging industries

Table 3.16 Policy-related funds
Name: Central Enterprise Guochuang Investment Guidance Fund
Size (CNY billion): 150
Founding year: 2017
Industries: High-speed rail, nuclear energy, aerospace, clean energy, 3D printing, new energy cars, robotics, quantum network

3.130. In April 2020, the Government released a Notice on Optimizing Fiscal Subsidies for Promoting New Energy Vehicles, extending subsidies for electric and hybrid vehicles until end-2022. Vehicles must meet minimum technical and performance criteria to qualify. The notice for the first time introduced a sales limit of 2 million vehicles per year. A price limit of CNY 300,000 including tax was also introduced. (...).

3.133. Since its previous Review, China introduced or revised various laws and regulations related to standards and other technical requirements. (...) Other changes during the review period included: (...) (iv) the adoption on 31 August 2018 of the Soil Pollution Prevention and Control Law at the Standing Committee of the 13th National People's Congress; and (v) the issue on 29 April 2020 of the Measures for the Environmental Management Registration of New Chemical Substances by the Ministry of Ecology and Environment (MEE) (Order No. 12 of the Ministry), which entered into force on 1 January 2021.

3.135. The Plan for Deepening Standardization Reform issued by the State Council proposes that the current mandatory national, sector, and local standards will be gradually integrated into mandatory national standards; the three-level system of mandatory national, sector, and local standards concerning environmental protection, engineering, (...) will be retained. (...).

3.146. Except for the establishment of the SAMR, and the concurrent abolition of the AQSIQ, no changes have taken place in the laws and regulations governing China's certification system since the previous Review. Certification and accreditation are regulated by: (...) the Measures for the Administration of Organic Product Certification; and the Measures for the Administration of Energy-Saving and Low-Carbon-Emission Product Certification. China administers both a voluntary certification system and a compulsory product certification system.

3.155. Several changes to labelling and packaging requirements took place during the review period. (...) Article 33 of the Regulations on the Implementation of the Food Safety Law, as amended in 2019, provides that producers and distributors shall print conspicuous marks for their involvement in the business of genetically modified foods; (...).

3.157. (...) The revised draft of the Wildlife Protection Law was submitted to the 22nd session of the Standing Committee of the 13th National People's Congress for the first review on 13 October 2020. Currently, it is being revised and improved based on the opinions of various parties.