Xinhua News
25th March 2023 – (Beijing) China’s State Administration for Market Regulation has released four regulations supporting the Anti-Monopoly Law to strengthen the related legal system.
The regulations, which will take effect on 15th April, prohibit acts that abuse administrative powers to exclude or restrict competition, reach monopolisation agreements, or abuse dominant market positions. The regulations also outline the anti-monopoly review process for concentrations of undertakings.
Based on the Anti-Monopoly Law amended in 2022, the regulations address outstanding problems in administration and law enforcement, and make relevant revisions, improvements and additions, according to the administration.
The regulations optimise oversight and law enforcement procedures, refine relevant provisions of the Anti-Monopoly Law, and strengthen the legal liability of relevant subjects, it said.