The 29th Session of the Standing Committee of the National People's Congress adopted the Anti-Monopoly Law of the People's Republic of China on August 30, defining three monopoly behaviors, namely, monopolistic agreements, abuse of market dominance status and existing or would-be operator concentrations that exclude and restrict fair competitions.

According to the law, monopolistic agreement refers to agreements, decisions or other collaborative behaviors to exclude and restrict fair competitions.

Market dominance status in this law means some business operators' priority in related markets to control commodity prices, quantity and other trading conditions, and to prohibit and influence other players' capacity of entering the markets.

Operator concentration includes the following three aspects of operator merging, operators' control of other players through stock or asset acquisition, and operators' control or decisive influences of other players through ways such as signing agreements.

Article 55 of Chapter 8 prescribes that this law shall not apply to operators' behaviors in intellectual property (IP) area according to related IP laws and administrative laws and regulations, but shall apply to operators' behaviors of abusing IP rights to exclude and restrict competitions.