China's Market Regulator Issues New Anti-Monopoly Rules Effective Next Year

Deep News12-19

【Key Highlights】 • China's State Administration for Market Regulation releases new anti-monopoly enforcement rules effective February 2026. • Ministry of Commerce extends anti-dumping duties on ethylene-propylene-diene rubber imports from US, South Korea, and EU. • Bank of Japan raises policy rate by 25bps to 0.75%, highest level in 30 years.

【Domestic Updates】 • The revised Anti-Monopoly Agreement Regulation clarifies market share thresholds for exempted vertical agreements. For price-fixing agreements, companies with <5% market share and <¥100 million turnover will be exempt; other vertical agreements require <15% market share without turnover conditions. Effective February 1, 2026.

• China will maintain anti-dumping duties on EPDM rubber imports from US, South Korea, and EU per 2020 rates during review. Measures against UK imports will expire December 20, 2025.

• SAFE data shows November 2025 bank forex settlements at ¥14.84 trillion (sales: ¥13.73 trillion). Jan-Nov cumulative settlements reached ¥162.78 trillion.

• China State Railway reports 3.727 billion tons of cargo transported Jan-Nov 2025 (+2.7% YoY), with daily loading averaging 187,000 cars (+3.7%).

• China's domestic game revenue grew 11.64% to ¥291.1 billion in 2025, while overseas revenue rose 10.23% to $20.46 billion, per CGIGA annual conference.

• ByteDance announces global compensation upgrades: 35% higher performance bonuses, 150% larger salary adjustment budget, and raised salary bands across all levels to maintain "industry-leading" competitiveness.

【International Developments】 • BoJ's 25bps rate hike brings policy rate to 0.75%, marking Japan's highest since 1995. Core CPI (ex-fresh food) rose 3.0% YoY in November - the 51st consecutive monthly increase.

• US President Trump signs executive order to bolster space dominance through R&D and private investment. The $901 billion 2026 defense budget was also approved.

• Trump Media & Technology Group and TAE Technologies sign $6 billion all-stock merger agreement, planning 50MW commercial fusion plant by 2026 pending approvals, with future plants targeting 350-500MW capacity.

• EU approves €90 billion aid package for Ukraine (2026-2027). Meanwhile, Russia's central bank vows to reclaim assets allegedly seized illegally by European institutions.

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