China regulator proposes new rules to improve anti-monopoly governance

China's market regulator published on Monday draft rules and provisions aimed at improving its ability

China's market regulator published on Monday draft rules and provisions aimed at improving its ability to govern antitrust behaviour, as the country prepares to implement a revised anti-monopoly law in August, Qazet.az reports.

The State Administration for Market Regulation (SAMR) said it wanted to seek public comment for its proposals, which range from descriptions on what deals could be perceived as monopolistic to regulations governing how local authorities with the power to restrict competition should behave.

For example, companies will need to seek an antitrust review about their planned mergers or acquisitions if one of the parties' global annual revenue hit over $1.79 billion and at least two parties' domestic annual sales reached 800 million yuan, the SAMR said.