China Anti-Monopoly Annual Report: In 2019, 103 monopoly cases were filed and investigated, with 320 million yuan fined

　　China News Service, Beijing, December 25 (Reporter Wang Qingkai) The "Annual Report on China's Anti-Monopoly Enforcement (2019)" (hereinafter referred to as the report) issued by the State Administration for Market Regulation on the 25th (hereinafter referred to as the report) shows that in 2019, China initiated 103 investigations of monopoly cases. , 46 cases were closed with a fine of 320 million yuan (RMB, the same below).

　　According to the report, 28 cases of monopoly agreement were filed for investigation, 12 administrative penalties were imposed, and a fine of 277 million yuan was imposed; 15 cases of abuse of market dominance were filed for investigation, 4 administrative penalties were imposed, and a fine of 33.87 million yuan was imposed; , 84 cases of restricting competition, of which 24 were filed for investigation and 12 were corrected; 36 cases were investigated for the concentration of business operators who failed to declare according to law, and 18 administrative penalties were imposed.

　　In recent years, China’s anti-monopoly law enforcement has always been a great sword, forming a powerful deterrent, and effectively promoting the establishment of a unified, open, competitive and orderly market system across the country.

　　2019 is the first year after the reform of China's anti-monopoly law enforcement agencies.

Institutional reform realizes unified anti-monopoly law enforcement, opening a new historical chapter in China's anti-monopoly business.

In 2019, the anti-monopoly work will highlight the main line of system construction, integrate and optimize the legal regulations and working systems of different departments before the institutional reform, and establish a system of rules and regulations compatible with unified law enforcement.

　　Anti-monopoly has a high degree of marketization, rule of law and internationalization.

In the context of economic globalization and the internationalization of corporate competition, it is of great significance to strengthen international exchanges and cooperation in the field of antitrust.

　　The report pointed out that in 2019, centering on the development goal of building a new higher-level open economy, international exchanges and cooperation in the field of anti-monopoly have further strengthened, and they have shown greater achievements in the realization of institutional openness such as rules.

(Finish)