china telecom regulatory authority

The NYSE’s initial delisting proposal, announced on New Year’s Eve, marked the first time an American exchange had unveiled plans to remove Chinese companies as a direct result of rising geopolitical tensions between the two superpowers. He also met with GPS students where he drew upon his military background to discusses terrorism in Pakistan at an informal luncheon. Order ¶ 8 (Mot. American depositary shares in the companies — China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd. — had been slated to … Foreign ownership limits for BTS is 49% for BTS and 50% for VATS. Read more: China Mobile May Dodge Index Exclusion After NYSE U-Turn. Application for a BTS or VATS licence is free of charge. Biography. Under the Telecoms Regulations, interconnection of telecoms networks should be effected on the basis of the principles of technical feasibility, economic sense, fairness, impartiality and mutual complementation. Petitioner China Telecom (Americas) Corporation (“China Telecom”) provides communications service under the Commission’s blanket authorization for domestic transmission lines and under two international Section 214 authorizations granted by the Commission. The telecom authorities maintain a list “poorly performed” and “dishonest” companies and such list is made available to the public. A day after Sweden’s telecom regulatory authority banned Huawei and ZTE equipment in Sweden’s 5G networks on soon-to-be-auctioned spectrum, China… In separate statements, China Mobile, China Telecom and Unicom said they will continue to monitor developments. China Telecom Americas, China Unicom Americas, and ComNet USA have been operating in the United States since the early 2000s. A at 5–6). The main responsibilities of MIIT in respect of the telecoms industry include: Formulating plans, policies, laws, regulations, and technical criteria for the information and telecoms … The main responsibilities of MIIT in respect of the telecoms industry include: The Ministry of Industry and Information Technology, Address:  No. China Mobile, the largest of the three, jumped 5.1% in Hong Kong on Tuesday. The telecom authorities will then perform a random inspection on selected telecoms operators. Attorney Advertising. The Administrative Measures for the Licensing of Telecommunication Business (effective from 1 September 2017) further sets out the eligibility criteria for applying a telecoms licence. This article is a list of the legal regulatory bodies that govern telecommunications systems … The Subcommittee’s report documents how Team Telecom had little engagement with China Telecom Americas and ComNet USA, until recently. This report presents key aspects of the China telecom market as it enters 2019. The move came as a surprise and sparked confusion among officials at the U.S. Treasury and State departments, and National Security Council, according to people familiar with the matter, who asked not to be identified because the conversations were confidential. ... U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority didn't immediately reply … Nevertheless, some Hong Kong and Macau investors, although technically treated as foreign investors by Chinese authorities, have been granted a VATS licence due to their special eligibility granted under the Closer Economic Partnership Agreements entered into between China and Hong Kong / Macau. China: 2017 : August : Telecom Regulatory Authority of India : The Telecom Regulatory Authority of India releases a PDF that outlines the 5G standard draft and shows a timeframe for when 5G should be deployed around the world. China’s Foreign Ministry spokeswoman Hua Chunying said Tuesday that Beijing hopes the U.S. will respect the market and rule of law, and do things conducive to upholding order in the global financial markets. Some industry sources expect closer scrutiny of "gray area" operations of foreign companies that had been tolerated when the regulatory authority was unified. Coming days before the companies were to be delisted -- and just over two weeks before Trump is to leave the White House -- the U-turn avoids a step that threatened to heighten U.S.-China tensions further. Telecoms operators must also meet the minimum registered capital requirements in order to be granted licences. Telecom stocks are trading mixed this morning after the Telecom Regulatory Authority of India deferred zero IUC for a year to January 2021. The company’s NYSE-listed shares were up 9% at 11.17 a:m. in New York, while China Unicom’s U.S. shares surged 14%. The telecommunications industry, like most other industries, is also subject to administrative charges, namely an education fee of 3% and a local education surcharge of 2%. China Telecom. The Telecoms Catalogue sets out the relevant regulated services that fall within the different categories of BTS and VATS. Telecoms business activities in China are divided into Basic Telecom Services (“BTS”) and Value-added Telecom Services (“VATS”). DLA Piper is a global law firm operating through various separate and distinct legal entities. The stakes are high for both Chinese and U.S. companies. Generally speaking, foreign investment is subject to shareholding restrictions. Liberia; Lesotho Lesotho Communications Authority. Wall Street banks, in particular, have been pouring resources into the country after gaining unprecedented scope to operate there last year. The Telecoms Regulations do not differentiate between the provision of services to businesses and consumers. Category 1 services (whether BTS or VATS) are more heavily regulated than Category 2 services, the reason being Category 1 services generally have more national economic or social impacts. Consultant Tennessee Regulatory Authority dan.ray@tn.gov Cameron Reed Utilities Engineer California Public Utilities Commission cameron.reed@cpuc.ca.gov Alejandro Reyes Regulatory Compliance Counsel San Gabriel Valley Water Company arreyes@sgvwater.com The FCC regulates foreign carriers seeking to provide international telecommunications services between the United States and foreign points, but historically relied on Team Telecom to assess the national security and law enforcement risks associated with a foreign … The biggest risk of all is shutdown of services, which may also bring significant contractual liabilities to such telecom operator. China Telecom is a wholly owned subsidiary of China Each of BTS and VATS is further divided into a Category 1 and a Category 2 under the Telecoms Catalogue. The company’s NYSE-listed shares were up 9% at 11.17 a:m. in New York, while China Unicom’s U.S. shares surged 14%. His presentation discussed the telecommunications industry of East Asia. China Unicom Hong Kong Ltd. all rallied on Tuesday. Foreign investors may only operate limited types of telecoms services in China. The holder of a telecoms licence is only permitted to carry out the activities specified in the licence. China Telecom Corp. and . The episode has added to a sense of confusion surrounding implementation of Trump’s order in the waning days of his administration. Read more: NYSE Just Gave China Inc. One More Reason to Leave: Shuli Ren. VATS refers to the telecoms and information services provided through public network infrastructure. Importantly, the categorisation of services which fall within the scope of the licensing regime is particularly wide and covers traditional telecommunication service offerings, as well as extending to other types of technologies and services provided via the Internet. Other forms of sanctions include rectification orders, warnings, fines, confiscation of illegal gains or criminal liabilities. Chunghwa Telecom. Sanctions include revocation of telecoms licences, shutdown of business and blacklisted by the authorities for (at least) three years. “To implement the decision, and then four days later to backtrack -- that’s just odd.”, This is a sign of... a) weak leadership by Treasury and OFAC to allow misunderstandings 6+ weeks post-EO.b) rank ineptitude by the NYSE (it was premature to announce the delistings in any case b/c FAQ 857 noted OFAC would add subs to the list later, starting the 60d countdown) https://t.co/SOXGZ6wJpI. For example, business operators are required to disclose all information related to the services to consumers, and consumers have the right to privacy and to have their personal information protected when receiving a service. In other words, such reseller will require a VATS licence. The outlook may depend in large part on how U.S.-China relations evolve after president-elect Joe Biden enters the White House later this month. In a December article, Secretary of State Michael Pompeo discussed how U.S. investors are funding “malign PRC companies” whose shares are included in major indexes. The tax rate for BTS is 9% and 6% for VATS. WATCH: The NYSE says it no longer plans to delist Chinese telco giants. The provision of telecommunications services in the PRC is subject to a complex licensing regime depending on the type(s) of telecoms services offered. FTSE Russell declined to comment on Tuesday, while MSCI and S&P Dow Jones couldn’t immediately be reached. Spokespeople for the U.S. Treasury Department, U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority didn’t immediately reply to requests for comment. Updates with reaction among officials in 4th paragraph, Finra official declining to comment in 10th, shares in 12th. The Ministry of Industry and Information Technology (MIIT) is the primary telecoms regulatory body in China. China Mobile Ltd., China Telecom Corp. and China Unicom Hong Kong Ltd. all rallied on Tuesday. ... Telecommunications Regulatory Authority Digital migration strategy for TV Broadcasting, Nov. 2008. Index providers FTSE Russell, MSCI Inc. and S&P Dow Jones Indices have all said in the past month they would remove some Chinese companies from equity gauges to comply with the order, but their lists of affected stocks have sometimes differed markedly. The developments have unfolded in the last few weeks of the Trump administration, which for years has railed against China for what the U.S. president calls unfair trading practices. • In line with the extension of special work arrangement announced by the Government on 19 January 2021, except for staff who provide essential services, other staff of the Office of the Communications Authority (OFCA) will continue to work from home up to 27 January 2021 …more; CONSUMER FOCUS China Telecom China Unicom State Regulatory Commission of The People’s Republic of China (SRRC) National Radio Spectrum Management Center. In separate statements, China Mobile, China Telecom and Unicom said they will continue to monitor developments. Formulating plans, policies, laws, regulations, and technical criteria for the information and telecoms industry, Managing public information and the telecoms network, in addition to the Internet, Supervising the telecoms and information services market, Coordinating with other government departments to formulate policies and standards for telecoms service fees, Allocating and managing radio frequency spectrum resources, Overseeing the security of the telecoms network. Calls and emails to the media department of the China Securities Regulatory Commission weren’t immediately returned Tuesday. While the impact on China Mobile and its two peers was always likely to be minimal given the bulk of their shares trade in Hong Kong, the delisting plan had heightened concerns about tit-for-tat sanctions between China and the U.S. as tensions between the superpowers simmer. Trump has imposed tariffs on imports from China and carried out an aggressive campaign against Chinese technology firms such as Huawei Technologies Co., measures that have often elicited retaliation from Beijing. For VATS operators, the minimum registered capital is RMB 1 million for single province providers and RMB 10 million for nationwide providers. Structure, please refer to our legal Notices subsidiary of china telecom regulatory authority ( PRC China! The stakes are high for both Chinese and U.S. companies the telecoms Catalogue sets out activities! Buy them back of sanctions include rectification orders, warnings, fines, of. Team Telecom has only visited the two carriers twice in more than a decade type ( s ) licences... Of technological convergence GHz trials in the United States since the early 2000s headed... Before the official open of US exchanges rate for BTS is 49 % VATS. It 's on the “ poorly performed ” list, and ComNet USA, until recently legal entities shares. 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