Upon receipt of the necessary documents to conduct the filing, the NDRC will publicise the information – primarily for the purpose of the ongoing supervision by regulatory authorities such as the Administration for Industry and Commerce, the Ministry of Environmental Protection, and the General Administration of Quality Supervision, DLA Piper’s Carolyn Dong and Yao Chi said in a report.

“The draft measures do not contain specific requirements on the registered capital or the storage capacities of a coal trading enterprise,” they said.

“In fact, a coal trader only needs to select and lease the storage site, which still must be located within a designated coal storage area that has received the necessary environmental impact approvals [usually to be provided by the landlord].

“The draft measures have also removed the need for a pre-establishment review by the authorities of the quality and quantity of measuring equipment to be used by the coal trader.”

Such equipment will only be checked from time to time during the daily operation of the coal trader.