Core Points - The newly revised Anti-Unfair Competition Law in China addresses various issues in the e-commerce sector, including counterfeit products, fake reviews, and predatory pricing practices [1][3][4] - The law aims to clarify and regulate new forms of unfair competition arising from the platform economy, ensuring a fairer market environment for consumers and legitimate businesses [3][4] Group 1: Key Regulations - The law explicitly defines "confusion behavior" related to "brand squatting," where others' trademarks are used as search keywords to mislead consumers [3] - It prohibits the organization of fake transactions and reviews, mandating platforms to establish reporting mechanisms for unfair competition [3][4] - The law addresses predatory pricing by penalizing sales below cost that disrupt market order [3][4] Group 2: Market Implications - The law seeks to eliminate "consumer traps" that distort market signals, allowing consumers to make informed decisions and helping compliant businesses survive [3][4] - It emphasizes the need for quality over price in competition, encouraging businesses to invest in innovation and new technologies rather than engaging in destructive price wars [4] - The law's effectiveness will largely depend on enforcement by regulatory bodies and the commitment of platforms and businesses to uphold their responsibilities [4]

Core Points - The newly revised Anti-Unfair Competition Law of the People's Republic of China officially takes effect on October 15, addressing new issues in market competition, particularly "involution" competition, overdue payments to small and medium-sized enterprises, and platform economy irregularities [1] - The law emphasizes the need for platform operators to comply with regulations and guide their internal operators to engage in fair competition, with specific measures for addressing unfair competition behaviors [1][2] Group 1 - The revision of the law aims to respond to new situations and problems in anti-unfair competition work, reflecting the central government's directives on addressing "involution" competition and overdue payments to SMEs [1] - The law includes clear provisions against new forms of unfair competition in the platform economy, such as keyword manipulation, data rights infringement, false transactions, and malicious returns [1] - Platform operators are required to take necessary actions against unfair competition behaviors within their platforms and report to regulatory authorities [1] Group 2 - Market regulators will enforce the new law rigorously, targeting various forms of unfair competition and illegal activities that disrupt fair competition, thereby protecting consumer rights and fostering a fair market environment [2] - Operators are reminded to adhere to competition rules and continuously review their business practices against legal standards to ensure fair participation in the market [2]

Group 1 - The newly revised Anti-Unfair Competition Law will take effect tomorrow, which includes provisions to curb "involution" type of vicious competition [5] - COMEX gold prices experienced a sharp decline, with a drop of 0.64% as of 15:00, after reaching a new high of $4,190.9 per ounce earlier [5] - JD.com announced a collaboration with CATL's Times Electric and GAC Group to launch a new car on November 9, clarifying that JD.com will not be directly involved in manufacturing [5][6] Group 2 - Bull Group's vice chairman plans to reduce holdings and cash out over 1.6 billion yuan [6] - Bull Group's performance in the first half of the year has been under pressure, leading to a decline in stock price [6] - NVIDIA's CEO Jensen Huang delivered a mini supercomputer, DGX Spark, to Elon Musk [6]

Core Points - The newly revised Anti-Unfair Competition Law of the People's Republic of China will officially take effect on October 15, addressing challenges in the digital economy and enhancing legal protections for both businesses and consumers [1] Group 1: Regulation of Unfair Competition - The new law specifically strengthens online competition rules, prohibiting behaviors such as forced redirection, malicious uninstallation, and the improper acquisition and use of others' data [1] - It aims to directly regulate issues like "traffic hijacking," "data theft," and "internet water armies" [2] Group 2: Protection of Small and Medium Enterprises (SMEs) - The law addresses the issue of large enterprises delaying payments to SMEs, explicitly prohibiting the abuse of dominant positions to impose unreasonable trading conditions or delay payments [3] - This regulation targets unfair trading practices such as large enterprises withholding payments for over six months and arbitrary changes in acceptance standards, creating a more equitable competitive environment for SMEs [5] Group 3: Brand Protection and Misleading Practices - The law introduces detailed regulations against "brand squatting" and misleading practices in live-streaming platforms, where smaller brands mimic well-known brands to mislead consumers [6] - It prohibits unauthorized use of influential new media account names, application names, or logos, and the use of others' registered trademarks as search keywords to mislead consumers [7][9] Group 4: Combatting False Transactions and Reviews - The law explicitly bans organizing false transactions and reviews, addressing the gray market of fake reviews that mislead consumer decisions [10] - It requires platforms to establish reporting mechanisms for unfair competition and mandates timely action against violations, creating a dual defense of self-inspection and regulatory oversight [10] Group 5: Addressing Price Wars and Market Order - The law aims to curb "involution" in competition, preventing platforms from forcing or indirectly compelling sellers to sell below cost, which disrupts market order [11] - It specifically addresses extreme low pricing practices that compromise product quality and safety, such as in the power bank and tea beverage industries [10]

第一章 总 则 第一条 为了促进社会主义市场经济健康发展，鼓励和保护公平竞争，预防和制止不正当竞争行 为，保护经营者和消费者的合法权益，制定本法。 第二条 经营者在生产经营活动中，应当遵循自愿、平等、公平、诚信的原则，遵守法律和商业 道德，公平参与市场竞争。 （1993年9月2日第八届全国人民代表大会常务委员会第三次会议通过2017年11月4日第十二届全国人 民代表大会常务委员会第三十次会议第一次修订根据2019年4月23日第十三届全国人民代表大会常务委 员会第十次会议《关于修改〈中华人民共和国建筑法〉等八部法律的决定》修正2025年6月27日第十四 届全国人民代表大会常务委员会第十六次会议第二次修订） 中华人民共和国主席令 第五十号 《中华人民共和国反不正当竞争法》已由中华人民共和国第十四届全国人民代表大会常务委员会第十 六次会议于2025年6月27日修订通过，现予公布，自2025年10月15日起施行。 中华人民共和国主席 习近平 2025年6月27日 目 录 本法所称的不正当竞争行为，是指经营者在生产经营活动中，违反本法规定，扰乱市场竞争秩 序，损害其他经营者或者消费者的合法权益的行为。 第一章 总 则 ...

Core Viewpoint - The newly revised Anti-Unfair Competition Law of the People's Republic of China will officially take effect on October 15, 2025, focusing on regulating new forms of competition issues in the digital economy, such as false transactions and malicious returns, which disrupt market order [1] Group 1: Regulation of Unfair Competition - The law addresses the issues of false transactions and malicious returns, which have become survival tactics for some e-commerce platforms, indicating a need for a profound transformation in the competitive order of the digital economy [1] - The revised law aims to establish a standard of integrity in digital competition, requiring operators to shift from a speculative mindset based on data manipulation to a long-term approach that relies on genuine service quality to gain consumer recognition [2] Group 2: Price Competition and Market Dynamics - The law critically examines low-price competition, prohibiting platforms from forcing merchants to sell below cost, which is seen as a corrective measure against harmful competition practices that can lead to industry profit depletion and quality decline [3] - The legislative process reflects a deep understanding of the competitive dynamics in the digital economy, tailoring solutions to new characteristics and problems rather than applying traditional regulatory frameworks [3]

Core Viewpoint - The newly revised Anti-Unfair Competition Law of the People's Republic of China, effective from October 15, aims to address new challenges in market competition, particularly in the digital economy, by targeting new forms of unfair competition and enhancing regulatory measures [2][3]. Group 1: New Market Characteristics - The rapid development of platform and sharing economies has led to significant changes in market competition, with data becoming a key element and technologies like algorithms and artificial intelligence being widely applied [2]. - Increased market concentration and scale effects have made it easier for leading platforms to establish dominant market positions, presenting new challenges for anti-unfair competition [2]. Group 2: Key Provisions of the New Law - The law specifically targets false transactions, aiming to dismantle the gray industrial chain of fake reviews and sales, which mislead consumers and create a vicious cycle of poor quality [3]. - It emphasizes the protection of data rights, prohibiting illegal data acquisition and interference with others' data products, thus ensuring safe and regulated data utilization [3][4]. - The law clarifies the responsibilities of platform operators, requiring them to provide a fair competitive environment and not to exploit their advantages to engage in monopolistic practices [4]. Group 3: Implementation Challenges - Effective implementation of the law requires enhanced regulatory enforcement to detect hidden violations, utilizing technologies like big data and artificial intelligence for real-time monitoring [4]. - There is a need for mechanisms that encourage consumers and businesses to assert their rights, addressing the high costs and difficulties associated with legal recourse [5].

Group 1 - The "Permanent Basic Farmland Protection Red Line Management Measures" came into effect on October 1, establishing specific regulations for the designation, control, protection, optimization, and quality construction of permanent basic farmland, while allowing for flexible adjustments under strict protection [2] - From October 1, railways and civil aviation will fully implement electronic invoicing, eliminating paper invoices for domestic air travel and allowing passengers to obtain electronic invoices through various channels [3] - The revised Anti-Unfair Competition Law will take effect on October 15, enhancing fair competition rules in the digital economy and prohibiting platforms from forcing sellers to sell below cost, which disrupts market order [4] Group 2 - The 2025 edition of the "Pharmaceutical Standards of the People's Republic of China" officially implemented on October 1, includes 6,385 varieties, with 159 new additions and 1,101 revisions, aimed at improving the coverage of essential drug lists [5] - The new edition introduces 69 new general technical requirements and revises 133, with 33 new guiding principles and 17 revisions, enhancing the controllability of drug quality [5] - Compliance with the new pharmacopoeia is mandatory for drug prescriptions, production processes, raw materials, and packaging starting from October 1 [5]

Regulatory Changes - New regulations for financial infrastructure business supervision will be implemented starting October 1, focusing on risk management, corporate governance, and unified regulatory standards for financial market safety [1] - The new rules for internet lending by commercial banks will also take effect on October 1, requiring banks to establish clear management systems and risk management indicators [2] - The Beijing Stock Exchange will switch to new stock codes for existing listed companies starting October 9, facilitating trading and business operations [3] - A new system for the mandatory deregistration of "zombie companies" will be enacted on October 10, aimed at improving market ecology and promoting fair competition [4] - The revised Anti-Unfair Competition Law will come into effect on October 15, enhancing the legal framework for market competition and enforcement [5] - Internet platform companies will begin formally reporting tax-related information starting October 1, in compliance with new regulations [6] Digital Transformation - From October 1, the civil aviation sector will fully transition to electronic invoices, eliminating paper travel itineraries and allowing passengers to easily access their invoices online [7] - The railway sector will also adopt electronic invoices starting October 1, enabling passengers to request invoices within 180 days of their journey [7]

Group 1 - The newly revised Anti-Unfair Competition Law of the People's Republic of China will take effect on October 15, 2025, focusing on preventing "involution" type of malicious competition in the digital economy, such as forced low pricing and data infringement [2] - The law explicitly prohibits unauthorized use of others' new media accounts, application names, or icons, and regulates the misuse of search keywords [2] Group 2 - From October 1, 2023, the railway passenger transport sector will fully implement electronic invoices, eliminating the provision of paper reimbursement vouchers [3] - The civil aviation sector will also transition to electronic itinerary receipts for domestic flights starting October 1, 2023, with a complete shift to electronic receipts by December 1, 2024 [4] Group 3 - The State Administration for Market Regulation has introduced the "Implementation Measures for Mandatory Company Deregistration," effective from October 10, 2023, which outlines a bulk announcement process for companies facing mandatory deregistration [6] - The measures include a 90-day announcement period and stipulate that objections to the deregistration process will halt the procedure [6] Group 4 - The National Medical Products Administration has released the "Quality Management Specifications for Online Sales of Medical Devices," effective October 1, 2025, which provides guidelines for managing online sales and e-commerce platforms [8] - The specifications require medical device companies engaged in online sales to display operational and product information and enhance their quality management systems [8] Group 5 - The Ministry of Natural Resources and the Ministry of Agriculture and Rural Affairs have jointly issued the "Management Measures for the Protection of Permanent Basic Farmland Red Lines," effective October 1, 2023, which clarifies the regulations for designating permanent basic farmland reserve areas [9][10] - The measures prioritize the inclusion of newly added cultivated land from comprehensive land remediation and high-standard farmland in the reserve areas [10] Group 6 - The "Management Measures for Disability Compensation" will take effect on October 1, 2025, standardizing the issuance and validity periods of disability certificates [11] - The measures specify that the validity period for certificates varies by age, with different durations for different age groups [11] Group 7 - The Ministry of Agriculture and Rural Affairs has established new specifications for animal quarantine marks and certificates, effective October 1, 2025, transitioning to a new version of animal quarantine marks [12] - The old version of the animal quarantine mark will be phased out by January 1, 2026, ensuring comprehensive coverage on livestock products [12]