SAMR Revised Measures for the Administrative Supervision and Administration of Contracts

On May 26, 2023, State Administration for Market Regulation (“SAMR”) released the revised Measures for the Administrative Supervision and Administration of Contracts (the “Measures”), which will take effect on July 1, 2023.

The Measures aim to further consolidate the law-based supervision and administration of contracts with the measures such as tightening the regulation of behaviors that making use of contracts to disrupt market order, endanger national interests and social public interests; enhancing regulation of standard terms; stepping up administrative guidance; specifying the methods for investigation and punishment of contract-related illegal acts and the legal responsibilities; and applying heavier punishment against such illegal acts.