Draft Rules' Impact on Data-Related Businesses

Casper Sek of Jin Mao Partners highlights new draft rules that aim to curb monopolistic behavior and strengthen the administrative supervision of the internet platform economy, and standardize online petty loans businesses that use big data by imposing new requirements on internet platforms used by such businesses

13 minute readDecember 22, 2020 at 11:04 PM

Susan Mok

On Nov. 2 and 10, 2020 two draft rules were released to solicit public comments: (1) the Anti-Monopoly Guidelines for the Platform Economy Sector (Draft for Comments) (Draft Guidelines) (关于平台经济领域的反垄断指南 (征求意见稿)) by the State Administration for Market Regulation (SAMR); and (2) the Tentative Measures for the Administration of Online Petty Loan Business (Draft for Comments) (Draft Measures) (网络小额贷款业务管理暂行办法 (征求意见稿)) by the People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC).

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