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China: Announced administrative penalities concerning 28 mergers due to non-compliance with reporting requirement

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Description

Announced administrative penalities concerning 28 mergers due to non-compliance with reporting requirement

On 10 July 2022, China's State Administration for Market Regulation (SAMR) announced administrative penalties of CNY 500,000 per case in 28 acquisitions in which companies had breached the Anti-Monopoly Law, mainly by violating reporting duties to SAMR. The companies that were fined include Tencent Holdings, Alibaba Group Holding and Didi Global.

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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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2022-07-10
in force

On 10 July 2022, China's State Administration for Market Regulation (SAMR) announced administrative…