China issues first gun-jumping fine under new merger-penalty guidelines
By MLex Staff ( July 8, 2025, 05:16 GMT | Insight) -- China’s top merger-control regulator has fined a state-owned construction company for gun-jumping, marking the first enforcement action taken under the country’s newly issued guidelines for penalty discretion in merger-control violations. The State Administration for Market Regulation announced that it had imposed a 1.75 million yuan ($244,018 ) fine on Guangzhou Municipal Construction Group for unlawfully implementing a concentration before obtaining regulatory approval.China’s top merger-control regulator has fined a state-owned construction company for gun-jumping, marking the first enforcement action taken under the country’s newly issued guidelines for penalty discretion in merger-control violations....
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