• China’s new anti-monopoly rules to have limited impact for now: Analyst

    Jack Ma, founder of Alibaba Group, during the opening ceremony of the 3rd All-China Young Entrepreneurs Summit on Sept. 25, 2020 in Fuzhou, Fujian Province of China.

    Lyu Ming | China News Service | Getty Images

    China announced new anti-monopoly rules over the weekend — but that’s not likely to have much impact on the market for now, according to one market observer.

    “The new regulation is still, you know, slightly sketchy in details,” Hao Hong, managing director and head of research at Bank of Communications International, told CNBC’s “Street Signs Asia” on Monday.

    China’s State Administration for Market Regulation