Business · Companies · 1 hr ago

China sets five levels for market regulation penalties

China sets five levels for market regulation penalties

China’s State Administration for Market Regulation has issued new rules for deciding administrative penalties in market oversight cases.

The rules turn existing guidance into a departmental regulation, giving the framework greater authority.

They set five penalty levels, ranging from no penalty to a heavier penalty.

The rules specify factors that can lead to lighter treatment, such as a minor violation or limited harm, and heavier treatment, such as obstructing enforcement or refusing to correct a violation.

Enforcement officers must weigh all relevant circumstances when a case involves more than one factor, rather than applying penalties mechanically.

Common factors will use consistent standards nationwide, which the regulator says should make enforcement fairer and business conditions more predictable.

The regulator says the rules are intended to strengthen public confidence in enforcement and support a unified national market.

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