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NDRC’s Probe of the Foreign Finance Sector May Signal Increased Antitrust Enforcement Risks Related to SSA Market and Beyond

Recent press reports in China have indicated that China’s National Development and Reform Commission (NDRC) is launching an inquiry into firms in the foreign finance sector to determine if they have engaged in price fixing. While the NDRC has not released any public information regarding the probe, local sources note that it is likely to be in its early stages and related to the manipulation of foreign exchange-related markets and benchmarks such as the London Interbank Offered Rate (LIBOR). Continue

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