State Administration for Market Regulation: Conduct Anti-Monopoly Review of Concentration of Business Operators with "Simplified Cases for Quick Review" and "Key Cases for In-Depth Review"

Today (the 5th) in the morning, the State Council Information Office held a press conference. The State Administration for Market Regulation introduced that business operator concentration can be simply understood as mergers, acquisitions, and other activities between enterprises. The State Administration for Market Regulation is responsible for conducting antitrust reviews of such activities. On one hand, it supports enterprises in legally integrating resources and growing stronger; on the other hand, it prevents the formation of monopolies and disrupts competition order. By 2025, the bureau will adhere to the “delegation, regulation, and service” approach to conduct antitrust reviews of business operator concentration, with quick reviews for compliant mergers and acquisitions, and detailed reviews for cases with monopoly risks, effectively promoting a market ecosystem characterized by high quality, good prices, and healthy competition. The main achievements are reflected in four aspects. First, building a “bridge of connection” to serve enterprises by reducing costs and clarifying directions. Second, accelerating review processes to reduce waiting times and facilitate quick implementation of mergers and acquisitions. Third, demonstrating a “sword of supervision” to uphold bottom lines and ensure safety in the market. Fourth, sounding the “call to protect” to assist enterprises in going global, warning of risks, and safeguarding interests. (CCTV News)