Market oversight in translations of China law refers to the national oversight and regulation of commercial enterprise activities and business practices to ensure fair competition and effective markets. Market oversight in China is performed by the market regulatory agencies under the State Council and their subordinate agencies. The main objective of these agencies is to maintain market order, protect consumer rights, and encourage lawful operations and fair competition among businesses.

Duties associated with market oversight comprise commercial enterprise registration and filings, as well as overseeing and regulating commercial enterprise business activities. They are responsible for overseeing commercial enterprise business activities and promptly investigate and penalize any unlawful or noncompliant conduct to maintain market order, while regulating commercial enterprise product and service quality to protect consumer rights. In addition, Chinese market oversight authorities vigorously publish guidance to help businesses understand how regulation establishes market competition mechanisms to maintain fairness. The government does not provide English translations, CBL translates such guidance on legal topics and makes it available in the China Law Library. Rulemaking is used as part of the oversight process.  The ultimate goal is to ensure markets are orderly, protect consumer rights, and ensure business has adequate guidance necessary to operate lawfully and maintain fair competition.

Further Reading

See our comprehensive resources on China’s Foreign Investment Law. and an overview of FDI regulation in our Foreign Investment Law FAQ.

Examples

The rule in Section 26 of the Foreign Investment Information Reporting Procedures uses the term market oversight to define interagency cooperation jurisdiction.

Translation Reference

See page on 市场监督