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Tuesday, Dec 06, 2022

Over 350 attracted to webinar on mainland's anti-monopoly law

Over 350 attracted to webinar on mainland's anti-monopoly law

A webinar hosted by the Competition Commission Friday attracted over 350 lawyers, compliance practitioners, business representatives, academics and students to learn about the latest developments in mainland’s anti-monopoly law.
As more business and investment opportunities emerge in the Greater Bay Area, the commission is working closely with its mainland counterparts to raise local awareness of the main features of the law and the need to comply with it.

Speakers who attended today's webinar included Yu Lu, Deputy Director General of Anti-Monopoly Enforcement Department I; and Zeng Chuan, Director of Enforcement Office of Digital Economy.

Yu presented an overview of the Anti-monopoly Law and its developments, while Zeng shared his enforcement experiences in tackling anti-competitive issues in the digital economy in the mainland.

Professor Wang Xianlin from Shanghai Jiao Tong University, gave a detailed analysis on the latest legislative amendments to the Anti-monopoly Law as well.

“For local firms and Hong Kong-based multinational companies seeking expansion in the Mainland, it is important for them to keep abreast of the development of the Anti-monopoly Law,” said Samuel Chan Ka-yan, chairman of the commission.

Chan also said: “The commission is also very keen to learn from the experience of our mainland counterparts, both in terms of their approach to dealing with specific issues that competition agencies around the world are similarly facing, and their recent legislative amendments aimed at boosting fair competition and innovative development.”

The first-ever amendments to the anti-monopoly law were passed by the Standing Committee of the National People’s Congress in June and came into effect in August this year.

The revised version highlights the fundamental role of competition policy in the mainland’s economy and addresses issues arising from platform economy among other things.

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