China launches national anti-monopoly bureau
Updated 11:51, 19-Nov-2021
China inaugurates national anti-monopoly bureau, Beijing, November 18, 2021. /CFP

China inaugurates national anti-monopoly bureau, Beijing, November 18, 2021. /CFP

China inaugurated its new National Anti-monopoly Bureau on Thursday in the same building as the State Administration for Market Regulation (SAMR) in Beijing. 

The State Council, China's cabinet, announced the appointment of Gan Lin as head of the bureau on Monday.

The newly established bureau will draft anti-monopoly measures and guidelines, organize anti-monopoly enforcement work, guide fair competition review work, and promote anti-monopoly enforcement international cooperation and exchange, according to its website.

The move comes after China listed anti-monopoly work as a key task for the year.

Since 2018, anti-monopoly supervision was integrated into the country's top market watchdog SAMR, which has imposed administrative penalties on many companies, including internet giants Alibaba, Tencent and Meituan for violating anti-monopoly law. 

Before 2018, anti-monopoly regulations were overseen by the State Council and handled by three departments under the Ministry of Commerce, National Development and Reform Commission and the former State Administration for Industry and Commerce.

China enacted the Anti-Monopoly Law in 2008, and is on track to revise the law this year to further improve the anti-monopoly system.

Read more:

China vows to strengthen anti-monopoly efforts in 2021

China's highest judicial body pledges to clarify anti-monopoly rules

Chinese regulators warn leading platforms on Alibaba's record anti-monopoly fine

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