The monopoly of the East India Company to trade with China was abolished by the Charter Act of

The Charter Act of 1833 abolished the East India Company's remaining trade monopolies, including its exclusive right to trade with China. Earlier acts had progressively ended these monopolies - the 1813 Act ended the Company's monopoly over Indian trade (except tea and China), while the 1833 Act extended this to China as well. This opened Chinese trade to all British merchants and marked the Company's transition to administrative role.