China Monthly Antitrust Update - August 2023

LEGISLATION

Guangdong and Hong Kong Sign Memorandum of Understanding on Effective Implementation of Competition Policies and Laws

On July 19, 2023, the signing ceremony of the Memorandum of Understanding on Advancing the Effective Implementation of Competition Policies and Laws in the Guangdong-Hong Kong-Macao Greater Bay Area between the Guangdong Administration for Market Regulation ("AMR") and the Competition Commission of the Hong Kong Special Administrative Region was held in Guangzhou City. ¹

State Council Issues Opinions on Promoting the Development and Growth of the Private Economy

On July 14, the State Council issued the Opinions on Promoting the Development and Growth of the Private Economy, which emphasized the implementation of a fair competition system and the strengthening of regulatory measures against administrative monopolies. ²