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In the News: Revised Anti-Monopoly Law; BIS RMB Liquidity Pool; and Enhanced Online Content Review
June 28, 2022 | BY
Hugo YeungMajor overhaul of Anti-Monopoly Law; PBOC joins five central banks in BIS-led regional liquidity pool; Lawmakers expand scope of online content review
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Revised Anti-Monopoly Law
On June 24, the 13th National People's Congress (NPC) Standing Committee voted to amend the PRC Anti-Monopoly Law (反垄断法), which will come into force on August 1, 2022.
The revised law introduces a reference to the digital sector, barring business operators from "using data and algorithms, technology, capital advantages, and platform rules etc. to engage