创新监管制度 激发企业活力——市场监管总局持续提升经营者集中反垄断审查效能

Core Viewpoint - The State Administration for Market Regulation (SAMR) is enhancing its anti-monopoly review efficiency by delegating certain merger and acquisition reviews to local market regulation departments in five provinces and municipalities, aiming to strengthen anti-monopoly and unfair competition measures [1][2]. Group 1: Implementation of Delegated Review System - As of August 1, 2023, SAMR has officially entrusted local market regulation departments in Beijing, Shanghai, Guangdong, Chongqing, and Shaanxi to conduct part of the anti-monopoly reviews for business concentrations [1]. - The pilot program, which started on August 1, 2022, and will last until July 31, 2025, aims to enhance the review system and better serve national economic development strategies [1][2]. Group 2: Achievements of the Pilot Program - Over the three years of the pilot program, SAMR has delegated the review of 1,288 cases, accounting for 54% of all cases during the same period, with a total transaction value exceeding 3 trillion yuan [2]. - The program has significantly improved the efficiency of corporate mergers and acquisitions, effectively stimulating the vitality of business entities [2]. Group 3: Regulatory Improvements and Future Plans - SAMR has revised several regulations, including the "Regulations on the Reporting Standards for Business Concentrations" and the "Guidelines for Anti-Monopoly Compliance in Business Concentrations," to standardize review criteria and reduce transaction costs for enterprises [2]. - Future plans include the development of additional guidelines to enhance the uniformity and standardization of the review process, thereby increasing transparency and predictability in the regulatory environment [2]. Group 4: Enforcement Actions - Recently, SAMR prohibited one business concentration case and conditionally approved three others, highlighting its commitment to maintaining fair competition [3]. - The prohibition of a specific acquisition case marked a significant enforcement action, requiring the involved parties to restore the market to its pre-concentration state [3].