Core Viewpoint - The State Administration for Market Regulation is seeking public opinions on the draft revision of the regulations aimed at preventing the abuse of administrative power to exclude or restrict competition, thereby enhancing antitrust enforcement and maintaining fair market order [1] Group 1 - The revision aims to strengthen the enforcement against the abuse of administrative power in market competition [1] - The draft is part of efforts to address illegal interventions in market competition effectively [1] - The regulations are intended to promote a fair competitive market environment [1]

Core Viewpoint - The Chinese Ministry of Commerce has emphasized the legal review of the sale of port assets by CK Hutchison Holdings, marking a significant shift in China's antitrust enforcement towards national economic security strategy [1][3][8]. Group 1: Regulatory Developments - The transaction involves a global network of 43 ports across 23 countries, highlighting the international implications of China's regulatory stance [1][3]. - The Ministry of Commerce has initiated a "penetrating regulation" approach, utilizing blockchain and big data to uncover complex offshore structures within 72 hours [5]. - For the first time, China is exercising extraterritorial jurisdiction over cross-border transactions, indicating that any deal affecting competition or national security in China will be scrutinized, regardless of the location of the assets [6]. Group 2: Strategic Implications - The core asset in the transaction, the Panama Canal, is crucial for 6% of global trade and serves as a key route for Chinese exports to the Americas [3]. - The regulatory response reflects a shift from static market share assessments to dynamic strategic risk evaluations, integrating the control of strategic resources into national security considerations [7]. - The incident has led to significant market reactions, with CK Hutchison's stock price declining due to uncertainties surrounding the transaction [7]. Group 3: Global Economic Governance - This event signifies a redefinition of global economic governance rules, with China establishing a legal framework that prohibits circumvention of regulatory reviews [8]. - Companies that adapt to these evolving rules will likely thrive, as the new order emphasizes the balance between capital freedom and national security [9].

我国反垄断执法领域首部裁量权基准公布 近日，市场监管总局发布《违法实施经营者集中行政处罚裁量权基准（试行）》（以下简称《基 准》）。这是市场监管总局首次发布裁量权基准，也是我国反垄断执法领域的首部裁量权基准。 《基准》根据《中华人民共和国行政处罚法》《中华人民共和国反垄断法》《国务院关于经营者集 中申报标准的规定》《经营者集中审查规定》等制定，采用条文与案例相结合的方式，共十八条，包含 案例7个。 《基准》深入总结违法实施经营者集中行政处罚工作积累的实践经验，对于经营主体普遍关心的违 法情形、从轻和从重情节、上调和下调因素及幅度等问题，有针对性地予以回应和解决。同时，坚持急 用先行，对实践中数量较多且执法经验较成熟的不具有排除、限制竞争效果的案件，细化并科学设置行 政处罚裁量的情节、步骤和幅度。 鼓励经营者的合规行为和执法配合 华东政法大学竞争法研究所所长钟刚接受记者采访时介绍，《基准》共十八条，细化和明确了处罚 裁量的适用情形、指导原则和处罚对象、步骤等，规定了确定初步罚款金额、罚款上调和下调因素以及 不予处罚的情形，也包含7个辅助说明的指引示例，积极推动执法尺度的统一透明。 《基准》所称的违法实施经营者集 ...