Authored by: Chai Zhifeng , Ning Xuanfeng (Susan) , Zhang Ruohan , Zhang Tianjie , Wang Ye and Ma Xiao
Executive summary:
China’s State Administration for Market Regulation (SAMR) has promulgated four much-anticipated implementation rules on March 24, 2023, namely, the Regulations on Review of Concentrations of Undertakings (the “Merger Review Regulations”), the Regulations on Prohibiting Monopoly Agreements (the “Monopoly Agreements Regulations”), the Regulations on Prohibiting the Abuse of Dominant Market Positions (the “Abuse Regulations”), and the Regulations on Prohibiting the Abuse of Administrative Powers to Exclude or Restrict Competition, all of which will come into force on April 15, 2023.
This article is to assist companies in understanding the key changes and highlights of the newly revised rules.