- Analytics
- News and Tools
- Market News
- China’s new anti-monopoly rules will have limited market impact for now - analyst
China’s new anti-monopoly rules will have limited market impact for now - analyst
CNBC reports that according to one market observer, China announced new anti-monopoly rules over the weekend, but that’s not likely to have much impact on the market for now.
“The new regulation is still, you know, slightly sketchy in details,” Hao Hong, managing director and head of research at Bank of Communications International, told CNBC.
China’s State Administration for Market Regulation (SAMR) has tightened restrictions on China’s internet giants such as Alibaba and Meituan, and introduced new guidelines on Sunday to curb monopolistic behavior. The new rules formalize a draft that was released months earlier.
Hong said the market needs time to digest the details of the latest anti-monopoly guidelines, adding that China’s internet giants have been operating for years and already have “very solid” market positions.
“The regulation, you know, is starting with a very good intention,” Hong said. “The actual fact is that ... the market position ... of these big internet platforms are very difficult to encroach for now.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
