China: SAMR imposes fines for 10 breaches of merger laws
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Description
SAMR imposes fines for 10 breaches of merger laws
On 12 March 2021, China's State Administration for Market Regulation (SAMR) announced the imposition of fines on twelve companies for ten mergers in which the Anti-Monopoly law was breached. The companies in question have been fined CNY 500'000 each, and include tech and internet giants Tencent Holdings and Baidu Holdings.
Original sourceScope
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
competition authority