The Chinese State Administration for Market Regulation launches a public consultation on proposed amendments to China’s Anti-Monopoly Law

On 2 January 2020, China’s State Administration for Market Regulation (the “SAMR”) launched a public consultation on proposed amendments to China’s Anti-Monopoly Law (the “AML”). This signals the dawn of “Version 2.0” of China’s competition law, which has been on China’s legislative agenda since 2015. The proposed draft reflects a more aggressive enforcement policy, with the most significant amendments in the area of merger control, where the authority has been most active since the AML came into force over ten years ago. The key proposed changes are: Significant increase in fines for merger control violations. The fining cap for merger control violations will significantly increase from RMB 500,000 (ca. EUR 65,000 or USD 72,000), a level which has been criticised for not providing a

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Volkswagen (Beijing)
  • Freshfields Bruckhaus Deringer (Beijing)
  • Freshfields Bruckhaus Deringer (Hong Kong)
  • Freshfields Bruckhaus Deringer (Beijing)
  • Freshfields Bruckhaus Deringer (Beijing)

Quotation

Donghao Cui, Tracy Lu, Alastair Mordaunt, Hazel Yin, Ninette Dodoo, The Chinese State Administration for Market Regulation launches a public consultation on proposed amendments to China’s Anti-Monopoly Law, 2 January 2020, e-Competitions January 2020, Art. N° 94155

Visites 330

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues