On 17 May 2021, the Ministry of Ecology and Environment (MEE) issued three documents expounding the administrative rules regarding the trading platform, registry, and settlements of the country’s national ETS. In the announcement, it nominated Hubei Emission Exchange as responsible for the registry system and Shanghai Energy and Environment Exchange as custodian of the trading system until new institutions for the management of the respective systems are established. As such, both trade centres will be in charge of opening accounts, operating the system, and maintaining it.

The documents are the results of a round of consultations in November 2020. The main aspects of the announcement are:

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