New regulations affecting the mahogany furniture industry in 2015

Looking forward to 2015, starting with the new rules of the new year. From this series of laws and regulations that are about to be implemented, what new trends can we gain insight into? What new changes are expected?

New Environmental Protection Law: "The Most Strict Rules" in History

Event: After more than three years of comprehensive revision, the Environmental Protection Law was finally officially implemented on January 1, 2015. The new environmental protection law has established the basic national policy of protecting the environment in the form of law, and designated June 5 as the environmental day. Its innovative design has "pull on a daily basis" and gives environmental law enforcement officers the power to seal up and detain them. The environmental protection department can directly limit or stop production of excessive or excessive amounts of behavior. In addition to strengthening environmental penalties, the relevant regulatory authorities may impose administrative detention on supervisors and directly responsible personnel for four types of behaviors such as unapproved construction and unlicensed sewage discharge.

Interpretation: The introduction of the new environmental protection law will soon set off a green revolution in the furniture industry. The "Redwood Products Sales and After-sales Service Management Standards" standard prepared by the China Wood and Wood Products Circulation Association Redwood Circulation Professional Committee has officially entered the drafting stage in June and will be officially promulgated in 2015. At that time, the mahogany enterprises can build a standardized mahogany sales and after-sales service system according to the standard; this will undoubtedly give a "tight spell" to the sales of mahogany furniture that has always been a lot of greasy. The "Airborne Pollutant Emission Standards for Wooden Furniture Manufacturing Industry" for the pollutant discharge requirements of the furniture manufacturing industry has been consulted in the official website of the Beijing Municipal Quality Supervision Bureau in October. This standard is also known as the "most stringent" environmentally friendly emissions. standard.

Any improvement in standards is a good thing for consumers, but it is not a disaster for the extensive home industry. In particular, the introduction of the new "Environmental Protection Law" has made the home industry the first to bear the brunt. Although in the long run, the new environmental protection law should be conducive to the development of the home industry, the current hurdle is still sad. However, with standards, there must be no oversight of supervision and no formal implementation.

Foreign banks: Open doors are bigger

Event: For the financial industry, the bell of the New Year is a doorbell ringing, and the open "door" is going to be bigger. The State Council recently announced the revised Regulations on the Administration of Foreign-funded Banks (hereinafter referred to as the “New Regulations”), which will be officially implemented on January 1, 2015.

According to the new regulations, the opening requirements have been changed from three years to more than one year, and no longer require two years before the application to make a profit, and that a branch of a foreign bank has been approved to operate the renminbi business, the bank established in the country. Other branches applying for the operation of RMB business are not subject to the opening time limit.

At the same time, the branches of the new regulations of wholly foreign-funded banks and Sino-foreign joint venture banks in China no longer stipulate the minimum limit for their head office to allocate working capital free of charge, and they will no longer set up representative offices in China as foreign capital. The establishment of wholly foreign-funded banks, Sino-foreign joint venture banks in China, and the conditions for the initial establishment of branches in China.

Interpretation: The “cake” of the financial market is big. In recent years, due to the high prices of raw materials and other factors, the development of mahogany furniture enterprises are often subject to funding constraints. And the financial institutions have become the "intimate people" of the mahogany enterprises. The capital turnover is a problem encountered by many mahogany furniture merchants in 2014. With the promulgation of the “New Regulations” in 2015, there are many “foreign monks” and many opportunities to grasp!

Real estate registration: legal property is more secure

Event: The Interim Regulations on the Registration of Real Estate (hereinafter referred to as the “Regulations”) was issued at the end of 2014 and will be implemented on March 1, 2015. The regulations clarify that real estate registration refers to the act of the real estate registration agency legally recording the immovable property rights and other statutory matters in the real estate register. Real estate includes land, sea areas, and houses, trees, and other fixed objects.

According to the regulations, the right holders and interested parties may inquire and copy the real estate registration materials according to law. However, the unit or individual that inquires about the real estate registration data shall explain the purpose of the inquiry to the real estate registration agency, and shall not use the real estate registration information obtained by the inquiry for other purposes; without the consent of the right holder, the real estate registration information obtained by the inquiry shall not be disclosed. The regulations stipulate that the real estate registration agency, the real estate registration information sharing unit and its staff shall keep the real estate registration information confidential; the real estate registration information involving state secrets shall take necessary security and confidentiality measures according to law.

Interpretation: Since China's reform and opening up more than 30 years ago, the people have gathered a lot of capital. In recent years, some private enterprises with strong financial strength have entered the mahogany market and deployed in a modern business model, which is not uncommon in the country. The collection of mahogany furniture as an art investment has always been favored by consumers. It is not only a collection of household items, cultural goods, scarce goods, art and other attributes, but also far exceeds international value and cultural heritage. Luxury. With the increasing scarcity of mahogany wood and the return of the confidence of the Chinese culture, the mahogany furniture market is increasingly favored by the collectors.

After the global financial crisis, various investment channels continued to shrink and inflation expectations were severe. However, the cultural art market has been singing all the way. It can be said that the cultural art market is a gold mine in the post-investment era. As a typical cultural art, mahogany furniture not only can add value, but also provide people with the cultural taste of the collector while using it. If mahogany furniture is included in “real estate”, its preservation will increase legal protection.

The reform of salary reform starts: the income of senior executives of central enterprises should drop

Event: When the central government executive compensation reform was carried out, not long ago, the “Central Management Enterprise Responsible Person Compensation System Reform Plan” (hereinafter referred to as the “Reform Plan”) was approved and is scheduled to be officially implemented in 2015.

The reform plan will consist of the basic annual salary and the performance annual salary, which are composed of the basic annual salary, the performance annual salary, and the term incentive income. It is clear that the purpose of increasing the term incentive income is to guide Corporate leaders pay more attention to the long-term development of enterprises and prevent short-term behaviors in business management.

Interpretation: High-end mahogany furniture was relatively deserted in the market in 2014. Due to factors such as clean government and economy, mahogany products gradually developed “middle-end market” and “small-piece market”. It is expected that the “mid-market” and “small-piece market” in 2015 will still account for a larger share.

One person, one thing and one confirmation: online shopping also has a new era

Event: On November 20, 2014, the 16th meeting of the Standing Committee of the 14th Shanghai Municipal People's Congress passed the decision to amend the Regulations on the Protection of Consumer Rights and Interests in Shanghai (hereinafter referred to as the “New Consumers Article”). The new "No Article" will be implemented from March 15, 2015.

There is still a certain distance between the “Drop” and the positioning of large and international cities and the growing needs of consumers. Therefore, it is urgent to revise the Articles. It coincides with the promulgation of the new "Drug Law" last year, and the new system of online purchases for seven days without any reason for returning goods, durable goods or services, and the new system of the burden of proof, as part of the "Regulations" of the local regulations, is inconsistent with the superior law. The principle of unification of the legal system also needs to be further refined from the operational level.

Interpretation: Redwood e-commerce is the “new way” of the mahogany furniture industry. How to sell furniture on the network, how to use the O2O model in mahogany furniture, etc. are all issues that merchants are relishing. What consumers care about is how to ensure the quality, how to solve problems after the purchase of mahogany furniture online shopping. The usual "small articles" are mostly for physical stores, but there is not enough legal protection for online store purchases. The "Regulations" make up for this gap.

For more information on China's furniture industry, please pay attention to the official website of Xianghe Furniture City ().

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