Core Insights - The annual report from the State Administration for Market Regulation (SAMR) highlights significant achievements in China's antitrust enforcement, including the resolution of 11 cases of monopoly agreements and abuse of market dominance, and the conclusion of 643 cases of operator concentration [1][2] Group 1: Antitrust Enforcement Achievements - In 2024, SAMR completed 11 cases related to monopoly agreements and abuse of market dominance, imposing administrative penalties totaling 119 million yuan for obstructing investigations [2] - The quality of operator concentration regulation improved, with 643 cases concluded, of which 623 were approved unconditionally [2] - There was a notable increase in efforts to address local protectionism and market segmentation, with 72 cases of abuse of administrative power to eliminate or restrict competition being investigated [2] Group 2: Sector-Specific Antitrust Actions - In the public utility sector, four cases of abuse of market dominance were addressed, while five cases in the livelihood sector resulted in penalties totaling 106.9 million yuan [3][4] - The pharmaceutical sector saw the initiation of three significant investigations, leading to price reductions of 62%, 58%, and 43% for involved drugs [4] - The financial data sector experienced its first antitrust case, breaking data monopolies and enhancing market competition [4] Group 3: International Cooperation and Policy Development - China is actively engaging in international antitrust cooperation, signing memorandums of understanding with competition authorities from Italy, Pakistan, Australia, and Mongolia [6][7] - A significant portion of free trade agreements (82.6%) signed with China includes competition chapters, enhancing the role of fair competition rules [7] - The SAMR plans to strengthen the legal framework for fair competition and improve regulatory efficiency to support economic recovery [7]

一封倡议书引发的行业讨论，这封倡议书来自重庆市咖啡行业协会，关于呼吁京东外卖停止"百亿补贴"内卷式竞争的倡议书，据圈内好友评论文章中称，该 倡议书因为某种未知原因删除，但是上游新闻、板扎在线、正北方网等媒体相继报道，并引发大量网络关注和讨论。笔者却想说，格局打开，切勿因小失 大。 监管应维护公平竞争，而非保护特定群体 针对外卖行业竞争中存在的问题，已经由市场监管总局牵头对京东、美团与饿了么等平台企业进行了约谈。其中《人民日报》评论文章认为，此次约谈，既 是纠偏，也是规范，更为行业发展点明方向：合法规范经营，公平有序竞争。摒弃恶性竞争，摆脱无谓"内卷"，真正把经历用于保障消费者、商家与骑手合 法权益，方能更好维护"舌尖上的安全"，实现行业健康发展。 而该倡议书将京东外卖百亿补贴这种常规市场行为，定义为非理性补贴，并且要求后续促销活动向行业公开补贴机制和算法规则等，因为几家地方性咖啡店 无力市场竞争，就开始呼吁并建议等一系列道德大棒来干预市场竞争的自由性。监管的职责是防止垄断，比如当年的"二选一"，而非限制企业通过合法补贴 进入市场，如若因部分商家受损就叫停创新，反而会固化现有利益格局，阻碍行业进步，因为京东外卖 ...

Group 1 - The European Union plans to restrict Chinese companies' participation in public procurement of medical devices, reflecting an escalation in economic friction between China and Europe in the high-end manufacturing sector [1] - The Chinese Ministry of Commerce emphasizes the importance of adhering to WTO rules and maintaining fair competition principles, urging the EU to correct its actions and expressing a commitment to protect the legitimate rights of Chinese enterprises [1] Group 2 - Lepu Medical announced that its self-developed polylactic acid facial filler, known as "童颜针" (Youthful Needle), has received registration approval from the National Medical Products Administration (NMPA), marking a significant milestone for the company in the dermatology field [2] - The approval allows Lepu Medical to enter the competitive medical aesthetics market, potentially providing new growth opportunities, although the market already has several similar products, raising concerns about product homogeneity and the need for validation of clinical performance and brand strength [2] Group 3 - Huaxi Biological responded to recent controversies regarding "recombinant collagen," clarifying that its opposition is to the misuse of terminology rather than to collagen research and industrial transformation [3] - The company emphasizes the importance of product quality and seeks to address issues within the industry, highlighting the need for trust to be built on empirical data rather than concept misuse [3]

（原标题：全国工商联汽车经销商商会：坚决抵制"内卷式"竞争） 坚决抵制以"价格战"为主要形式的"内卷式"竞争行为。 6月3日，全国工商联汽车经销商商会发布《关于反对"内卷式"竞争 促进汽车经销行业高质量发展的倡 议》（简称《倡议》）。 据了解，5月31日，中国汽车工业协会发布《关于维护公平竞争秩序 促进行业健康发展的倡议》，提出 四点倡议： 1.所有企业严格遵从公平竞争原则，依法依规开展经营活动； 为维护良好、健康、公平的市场竞争秩序，推动包括汽车经销行业在内的汽车行业高质量发展，全国工 商联汽车经销商商会提出以下倡议： 1.全行业应以中国汽车产业实现高质量发展大局为重，严格遵守公平竞争原则，坚决抵制以"价格战"为 主要形式的"内卷式"竞争行为。 2.关注品牌形象。防止因频繁调整销售政策和产品销售价格，增加经销商销售难度，影响品牌在消费者 中的形象。 3.改善汽车经销商的生存状况。坚持以销定产，合理制定企业年度生产目标和经销商销售目标，不得向 经销商转嫁库存、强迫经销商进车，切实降低经销商库存水平；纠治进销价格倒挂问题，及时向经销商 返利，缩短经销商回款周期，合理确定试驾车数量，减轻经销商流动性资金压力。 4 ...

坚决抵制以"价格战"为主要形式的"内卷式"竞争行为。 6月3日，全国工商联汽车经销商商会发布《关于反对"内卷式"竞争 促进汽车经销行业高质量发展的倡议》（简 称《倡议》）。 为维护良好、健康、公平的市场竞争秩序，推动包括汽车经销行业在内的汽车行业高质量发展，全国工商联汽 车经销商商会提出以下倡议： 1.全行业应以中国汽车产业实现高质量发展大局为重，严格遵守公平竞争原则，坚决抵制以"价格战"为主要形 式的"内卷式"竞争行为。 2.关注品牌形象。防止因频繁调整销售政策和产品销售价格，增加经销商销售难度，影响品牌在消费者中的形 象。 3.改善汽车经销商的生存状况。坚持以销定产，合理制定企业年度生产目标和经销商销售目标，不得向经销商 转嫁库存、强迫经销商进车，切实降低经销商库存水平；纠治进销价格倒挂问题，及时向经销商返利，缩短经 销商回款周期，合理确定试驾车数量，减轻经销商流动性资金压力。 4.优化商务政策。合理制定经销商考核指标，慎用罚款手段，不以考核为手段胁迫经销商完成相应指标任务。 5.完善退网机制。不得以优化网络渠道名义胁迫经销商退网闭店，对确需退网闭店的经销商应给予相应补偿。 全国工商联汽车经销商商会是所有 ...

Group 1 - The U.S. Trade Representative's office has extended the exemption period for the 301 investigation into China's practices regarding technology transfer, intellectual property, and innovation from May 31, 2025, to August 31, 2025 [1] - The China Automobile Manufacturers Association has issued an initiative to maintain fair competition in the automotive industry, with the Ministry of Industry and Information Technology indicating increased efforts to address "involution" in competition [2] - The National Development and Reform Commission has issued a notice to further reduce the service fees for credit reporting services significantly [3] Group 2 - The Hong Kong Special Administrative Region government has officially enacted the Stablecoin Ordinance, marking a significant regulatory development in the cryptocurrency space [3] - The China Securities Index Co., Ltd. announced adjustments to various indices, including the CSI 300 and CSI 500, with the changes set to take effect after the market closes on June 13 [2] - Several companies, including Longpan Technology and Baile Tianheng, have announced fundraising plans for various projects, indicating ongoing investment activity in sectors such as lithium battery materials and innovative drug development [3][4]

Core Insights - The "Private Economy Promotion Law" is China's first foundational law specifically aimed at the development of the private economy, which is expected to stabilize expectations, boost confidence, and stimulate the growth of the private sector [1] Group 1: Impact on Private Enterprises - Guangdong province has over 18 million private economic entities, accounting for one-tenth of the national total, playing a significant role in growth, innovation, employment, and improving livelihoods [1] - The law is expected to enhance the confidence of private enterprises in Guangdong, providing a fertile ground for their development and contributing to the construction of a modern industrial system [1] Group 2: Innovation and Technology - The Guangzhou Private Technology Park hosts 6,500 private enterprises, contributing over 50% of the industrial output with 433 high-tech enterprises [2] - The law supports private enterprises in participating in national technological research, increasing R&D expense deductions, and encouraging talent cultivation, addressing the needs of the hydrogen energy sector [2][3] - The law aims to alleviate funding pressures for private enterprises and accelerate the transformation of technology from R&D to application [3] Group 3: Fair Competition and Market Dynamics - The law establishes a nationwide unified negative list for market access, allowing private enterprises to enter various sectors, particularly benefiting agricultural enterprises [4] - The combination of the negative list and fair competition review system is expected to break down traditional monopolistic barriers, enabling private enterprises to participate in major national research projects and government procurement [5] Group 4: Government Support and Efficiency - The government has streamlined administrative processes, reducing the number of required documents for project approvals and significantly shortening processing times [6] - Various tax policies, such as R&D expense deductions and reduced corporate tax rates for high-tech enterprises, provide substantial financial support to private enterprises [6] - Guangdong has introduced 30 measures to promote the high-quality development of the private economy, including the establishment of a dedicated bureau for private economic development [7]

竞争有公平竞争和恶性竞争两种。前者会促进整个行业健康发展，消费者也可以从中获得更 多实惠；后者的效果则相反，不但会扰乱市场秩序、影响行业发展，损害结果最终还是要消 费者埋单。 要防止"内卷式"恶性竞争，首先，企业要增强自律意识并发挥行业协会作用。 一些行业和领域陷入"内卷式"竞争恶性循环，很容易导致企业创新面临瓶颈，不仅导致资源浪费、效率 低下等问题，更不利于产业结构优化升级，与发展新质生产力的要求背道而驰。 近来，"内卷式"恶性竞争成为了热词。 5月20日的新闻发布会上，国家发改委政策研究室副主任李超表示，一些企业陷入"内卷 式"竞争，有的以低价、超低价甚至以低于成本的价格销售，有的制假售假、以次充好。这 些都突破了市场竞争的边界和底线，扭曲了市场机制，扰乱了公平竞争秩序，必须加以整 治。 5月16日，国家市场监管总局党组书记、局长罗文在人民日报上发表署名文章指出：当前， 不少行业进入新旧动能转换与存量竞争阶段，低价、低质、低水平竞争现象日益蔓延，不正 当竞争、侵权假冒等违法行为多发高发，严重扭曲市场机制，损害市场公平竞争秩序。 5月19日，国家市场监管总局发布了十项整治"内卷式"竞争的措施，其中包括严厉查 ...

21世纪经济报道记者周潇枭北京报道5月20日，《中华人民共和国民营经济促进法》正式实施，明确了 民营经济组织与其他各类经济组织享有平等的法律地位、市场机会和发展权利，无疑给数量众多的民企 吃下一颗"定心丸"。 民营经济促进法的出台，为保障民企的各类合法权益给出了法律依据。5月20日下午，国家发展改革委 会同科技部、司法部、市场监管总局、金融监管总局、全国工商联举办"民营经济促进法面对面"活动， 通过与民企代表当面沟通交流，了解民企的相关诉求，并围绕民营经济促进法的规定和配套措施进行解 答。 21世纪经济报道记者从现场获悉，云账户、卓胜微（300782）、杭州纵横通信（603602）股份有限公 司、赛力斯（601127）、亿航智能、悦宾饭馆等多家企业代表参会并发言。 参会企业普遍表示，作为第一部专门关于民营经济发展的基础性法律，民营经济促进法为民企公平参与 市场竞争提供了法律保障，表明了国家对民营经济和民企发展的关切。与此同时，部分参会企业还围绕 解决融资难融资贵、参与国家科技攻关、知识产权保护、帮助企业出海、趋利性执法、参与国家重大项 目等提出了具体关切。更多配套举措相继出台 民营经济促进法第一次将坚持"两个 ...

Core Viewpoint - The implementation of the "Private Economy Promotion Law" marks a significant shift in China's approach to private economic development, transitioning from policy support to legal protection, thereby establishing a new era of equal competition for private enterprises [1][3]. Summary by Sections Legal Framework - The "Private Economy Promotion Law" is China's first foundational law specifically addressing private economic development, consisting of 9 chapters and 78 articles, which enshrines the principle of "two unwavering" and clarifies the legal status of private enterprises [3]. - The law establishes a legal framework of "non-prohibition, equal protection," aiming to dismantle market barriers and ensure fair competition [3][4]. Market Access and Competition - Article 10 of the law introduces a nationwide negative list system for market access, providing clear guidelines for private enterprises [3]. - Article 11 mandates government bodies to implement fair competition review systems and regularly eliminate policies that hinder a unified national market [3]. - Article 14 prohibits any restrictions or exclusions against private economic organizations in public resource transactions [3]. Industry Impact: Shared Electric Bicycle Sector - The shared electric bicycle industry, characterized by high marketization and private capital density, serves as a testing ground for the law's effectiveness [4][7]. - Despite clear policy directions, the industry faces multiple hidden barriers, such as fragmented access rules and local protectionism, which hinder new entrants [5][6]. Regulatory Actions and Enforcement - The law empowers antitrust and unfair competition enforcement agencies to prevent and address monopolistic behaviors and administrative abuses that restrict competition [7]. - A special action initiated by the State Administration for Market Regulation aims to rectify administrative power abuses and remove local protectionist barriers [7][8]. Future Directions - Local governments are urged to adhere strictly to the law, eliminate local protectionism, and ensure fair competition for shared electric bicycle enterprises [8]. - The ongoing efforts to clear market access barriers and establish a scientific quota distribution mechanism are expected to invigorate industry innovation [8][9]. - The law's implementation is anticipated to create a new industry ecosystem characterized by fair competition, effective regulation, and legal protection, ultimately enhancing the vitality of the private economy in China [10].