Shanghai publishes the first local guidelines on competition compliance
The first investor to report may be exempted from antitrust penalties.
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
An administrative reconsideration may be filed for improper government disclosure of information of citizens or entities
The acceptance of the commitment of a business operator does not affect the determination of a monopoly act
SAMR issues the first anti-monopoly guidelines for online platform operators
AmCham Shanghai survey indicates optimism among U.S. businesses in China about Biden administration; Hong Kong stock exchange slashes IPO settlement process from average five business days to one; and State Council approves launch of SAMR-led 17-department task force tackling unfair competition
Fay Zhou, Vivian Cao and Xi Liao of Linklaters discuss the recently introduced Leniency and Commitments Guidelines by highlighting their differences in application, scope and legal implications, as well as whether companies should adopt the leniency or commitments mechanisms to seek comparatively favorable or less severe outcomes when responding to antitrust investigations
Trump issues executive order prohibiting purchasing of securities in Chinese military-affiliated companies; China signs RCEP trade agreement with 14 other Asia-Pacific countries; and SAMR releases draft antimonopoly rules targeting internet companies
FTSE Russell to become third major index provider to include China bonds; Luckin Coffee slapped with massive fine by SAMR; and Segway maker Ninebot to become first VIE entity to list in mainland