Electronic commerce law draft is expected to cover the second half of the meaning of network payment

China securities network (reporter Pu Yian) the reporter learned that the latest, China’s first "Electronic Commerce Act (Draft)" (hereinafter referred to as "the draft") is expected in the second half of this year to the various departments, enterprises, industry associations, experts and other public comments.

e-commerce law is one of the most important legislative tasks in china. In 2004, the People’s Republic of China electronic signature law has not adapted to the development of e-commerce in china. In recent years, the rapid development of e-commerce has become a powerful driving force for the world economy. It is an important task for the state to regulate e-commerce, protect consumers, and ensure the safety of e-commerce.

it is reported that in December 27, 2013, the NPC Financial and Economic Committee held e-commerce law drafting group established its first plenary meeting cum, now the establishment of the drafting group of experts in Beijing, and is expected in January 2015 to early 2016 to complete the drafting of the draft law.

reporter learned from the drafting group members, the draft tentatively divided into 130, covering electronic contracts, online payment, e-commerce personal information protection, e-commerce consumer protection, etc..

put forward the "draft", "Electronic Commerce Act" the legislative purpose and the purpose is to promote the steady development of electronic commerce and information exchange, electronic commerce security, protect the legitimate rights and interests of the parties in electronic commerce, enhance e-commerce market credibility, and promote the healthy development of the socialist market economy.

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