China: New State Administration of Market Regulation – A Primer for Foreign Investors

China’s new market regulator, the State Administration for Market Regulation (SAMR), is a result of the reshuffling of several government bodies to eliminate duplication of work, streamline regulation, and improve coordination between ministries.

First announced on March 17, 2018, the National People’s Congress stated that a sweping overhaul of government administaration would be underway, the details of which were finalized on August 9, according to an article from China Briefing.

The SAMR now subsumes the responsibilities previously held by various regulators and will oversee all manner of market controls – regulating anti-monopoly behavior, intellectual property rights, drug safety supervision, and the issuance of business licenses, among others.

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