China is to strengthen its anti-monopoly laws (antitrust and unfair competition)


Overnight reports in Chinese media (state tabloid Global Times) in a five-year plan.

Main points:

  • enhanced protection of property rights and self-operating rights of enterprises of different ownership types
  • avoiding the abuse of administrative power to exclude and limit competitive behavior.
  • will also improve the management system of “pre-establishment national treatment” with a negative list for foreign investment, and push for institutional opening in laws, rules, management and standards
  • to ramp up legislation in national security, scientific and technological innovation, culture and education, and anti-monopoly efforts, among other fields

Chinese authorities have been very active in recent weeks cracking down on various sectors, notable education and tech. This has led to sell-offs in equities. 

Overnight reports in Chinese media (state tabloid Global Times) in a five-year plan.
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