Draft proposes social insurance blacklist

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征求意见稿提出社会保险“黑名单”-Draft-proposes-social-insurance-blacklist
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The Ministry of Human Resources and Social Security on 16 October 2018 released for public comment the Draft Regulations for Managing a Blacklist for Serious Social Insurance Violations.

The draft instructs local social insurance centres to place any entity or individual that seriously violates social insurance laws on a blacklist. The blacklist will be shared on local and national credit information platforms, and will be made available to all government authorities.

Blacklisted companies and individuals face restrictions in “government purchasing, transportation, bidding, manufacturing approvals, licence reviews, financing and loan applications, market access, tax benefits, rewards, etc.”

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Business Law Digest is compiled with the assistance of Baker McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker McKenzie by e-mailing Danian Zhang (Shanghai) at danian.zhang@bakermckenzie.com

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