This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

​SAIC rules commercial banks in Jiangsu engaged in unfair competition over mortgage loans

( April 8, 2015, 06:48 GMT | Official Statement) -- MLex Summary: China’s State Administration for Industry and Commerce Wednesday publicized a case in which commercial banks in Jiangsu Province were considered in violation of the Anti-Unfair Competition Law by imposing unfair conditions on consumers over real estate purchases. The banks restricted competition by requiring consumers, in purchasing properties, to apply for mortgage loans from banks designated by real estate developers and passing certain registration fees on to the consumers. SAIC disputed the banks’ argument that the behavior of financial institutions doesn't fall within the jurisdiction of the Anti-Unfair Competition Law and said the branches of SAIC are justified in their supervision of anti-competitive behavior of such institutions.The full statement follows:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections