Central Public Resources Trading Platform Measures Announced

Recently, 14 government departments, including the National Development and Reform Commission (NDRC), jointly released the Interim Administrative Measures for the Public Resources Trading Platform (the "Measures"), which will take effect August 1. The Measures are designed to implement the State Council’s Notification on Establishing a Unified Public Resource Trading Platform (2015).
 
Since 2015, China has been working to integrate public resource trading platforms into one unified system as a way to enhance transparency in the government procurement process. The Measures are intended to improve government efficiency, prevent corruption and allow easier resource access for entrepreneurs. The interim regulatory system includes electronic surveillance and big data monitoring with credit management at its core. The Measures also set requirements for information disclosure, centralized handling, streamlined processes, and online appointment services.