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Description

Adopted Amendment to Anti-Monopoly Law

On 24 June 2022, China's National People's Congress adopted the Amendment to the Anti-Monopoly Law. The press release does not provide a policy text. The previous version published for consultation contained provisions establishing that firms shall not limit competition by abusing platform settings, data, algorithms and technology in general. The previous draft version extended the scope of the anti-monopoly law to companies facilitating the creation of cartels. The previous draft further raised the amount a company can be sanctioned for significant anti-competitive acts. Individuals could also be penalized with a fine of up to RMB 1 million if they are individually responsible for an anticompetitive agreement. Notably, the State Administration for Market Regulation (SAMR) could multiply the amount of any fine with a factor between 2 and 5 for extreme violations with a great impact and especially serious consequences. Finally, public prosecutors could bring civil public lawsuits against conduct that violated social and public interests. The Amendment will be implemented on 1 August 2022.

Original source

Scope

Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2020-01-02
under deliberation

On 2 January 2020, the State Administration for Market Regulation publishes its draft amendment to …

2021-10-19
under deliberation

On 19 October 2021, the draft amendment to the Anti-monopoly Law is introduced in the National Peop…

2021-10-19
in consultation

On 19 October 2021, the draft amendment to the anti-monopoly law is introduced to the National Peop…

2021-11-21
processing consultation

On 21 November 2021, the consultation concerning the draft amendment to the anti-monopoly law, whic…

2022-06-24
adopted

On 24 June 2022, China's National People's Congress adopted the Amendment to the Anti-Monopoly Law.…

2022-08-01
in force

On 1 August 2022, the Amendment to the Anti-Monopoly adopted by China's National People's Congress …