On July 1, SAMR issued provisional provisions for the prohibition of monopoly agreements, which came into effect on September 1, 2019. The provisions are formulated in accordance with the Anti-monopoly Law, and the State Administration of Market Regulation is responsible for the enforcement of the antimonopoly law of monopoly agreements. 1.Operators with competitive relations are prohibited from reaching the following monopoly agreements on the prices of commodities or services: Fixed or changed price level, price range, profit level or discount, handling fee and other expenses; It is agreed to adopt standard formulas for calculating prices. Restrict the autonomous pricing rightsRead More →
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