On March 25, 2025, the State Administration for Market Regulation, the enforcement authority of the Anti-Monopoly Law of the PRC, released the Discretionary Criteria for Administrative Penalties for the Illegal Implementation of Concentrations of Undertakings (Trial) (Benchmark) dated February 19, 2025. The Benchmark unveils the underlying principles, calculation methods and specific factors that SAMR will consider when imposing administrative sanctions on the illegal implementation of concentrations of undertakings.
