China amends Anti-Monopoly Law for the first time amid tech crackdown, increasing penalties and regulatory control

Chin@Strategy
The national flag flies outside the China Securities Regulatory Commission (CSRC) office building on Beijing's Financial Street on December 18, 2019. A new amendment to the country’s Anti-Monopoly Law, expected to go into effect next year, could have Big Tech companies facing much higher penalties for abusing market power or failing to disclose mergers. Photo: SCMP/Simon Song The national flag flies outside the China Securities Regulatory Commission (CSRC) office building on Beijing's Financial Street on December 18, 2019. A new amendment to the country’s Anti-Monopoly Law, expected to go into effect next year, could have Big Tech companies facing much higher penalties for abusing market power or failing to disclose mergers. Photo: SCMP/Simon Song

The national flag flies outside the China Securities Regulatory Commission (CSRC) office building on Beijing’s Financial Street on December 18, 2019. A new amendment to the country’s Anti-Monopoly Law, expected to go into effect next year, could have Big Tech companies facing much higher penalties for abusing market power or failing to disclose mergers. Photo: SCMP/Simon Song

South China Morning Post

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