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Description

SAMR issues administrative penalty for 22 mergers

On 7 July 2021, China's State Administration for Market Regulation (SAMR) has issued administrative penalties of CNY 500'000 per case in 22 acquisitions in which companies were found to breach the Anti-Monopoly Law, mainly by violating reporting duties to SAMR. The companies that were fined include Tencent and Alibaba.

Original source

Scope

Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
competition authority

Complete timeline of this policy change

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2021-07-07
in force

On 7 July 2021, China's State Administration for Market Regulation (SAMR) has issued administrative…