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China's SAMR cites new merger-penalty benchmarks in 4th gun-jumping case this year

By MLex Staff ( December 25, 2025, 05:25 GMT | Insight) -- China’s top merger-control regulator has fined two Zhejiang companies a combined 1.7 million yuan ($240,000) for gun-jumping, its fourth publicly disclosed unlawful merger case this year. For the first time since it unveiled new penalty-discretion benchmarks in March, the watchdog cited the guidelines directly in the penalty decision. In a decision dated Tuesday, the State Administration for Market Regulation said Zhejiang Provincial Talent Development Group and Zhejiang Public Information Industry failed to notify a joint venture before implementing it.China’s top merger-control regulator has fined two Zhejiang companies a combined 1.7 million yuan ($240,000) for gun-jumping, its fourth publicly disclosed unlawful merger case this year. ...

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