Group 1 - The core viewpoint of the announcement is the transition from a pilot program to a formalized system for antitrust review of business concentrations, effective from August 1 [1][2] - The pilot program, initiated on August 1, 2022, has successfully reviewed 1,288 cases, accounting for 54% of all cases during this period, with a total transaction value exceeding 3 trillion yuan [1] - The formalized system aims to enhance the efficiency of antitrust reviews, promote fair competition, and create a more vibrant market environment [2] Group 2 - The decision to formalize the pilot program is expected to improve the classification and tiered review system for business concentrations, thereby increasing the effectiveness of antitrust scrutiny [2] - The market regulatory authority will continue to strengthen supervision and guidance over the provincial regulatory departments to ensure unified, standardized, and efficient review processes [2]

Core Viewpoint - The State Administration for Market Regulation (SAMR) has transitioned from a pilot program to a formal delegation for antitrust reviews of business concentrations, effective August 1, 2023, allowing five provincial market regulatory departments to conduct reviews [1][2]. Group 1: Background and Implementation - The pilot program for delegated reviews was initiated from August 1, 2022, to July 31, 2025, involving five provinces and municipalities: Beijing, Shanghai, Guangdong, Chongqing, and Shaanxi [2][5]. - During the pilot phase, SAMR delegated 1,288 cases to local authorities, accounting for 54% of all cases, with a total transaction value exceeding 3 trillion yuan [2][5]. Group 2: Evaluation and Future Steps - The pilot program has shown significant effectiveness, achieving its intended goals, enhancing review efficiency, and fostering a compliance atmosphere [2][6]. - To consolidate the achievements of the pilot program, SAMR has decided to formalize the delegation system, which is expected to improve the classification and grading of business concentration reviews [2][9]. Group 3: Review Process and Guidelines - The delegated provincial market regulatory departments will handle cases that meet specific criteria, such as the location of the parties involved and the nature of the market [11][12]. - SAMR will continue to supervise and guide the delegated departments to ensure a unified, standardized, and efficient review process [3][28].

Group 1 - The core viewpoint of the announcement is the transition from a pilot program to a formalized system for antitrust review of business concentrations, effective from August 1 [1][2] - The State Administration for Market Regulation (SAMR) has conducted a pilot program since August 1, 2022, which involved delegating the review of business concentration cases to provincial market regulation departments, resulting in 1,288 cases being reviewed, accounting for 54% of all cases during this period, with a total transaction value exceeding 3 trillion yuan [1] - The pilot program has shown significant effectiveness, with improved review efficiency, enhanced regulatory capacity, and a stronger compliance atmosphere, achieving the intended goals of the delegated review system [1][2] Group 2 - The formalization of the pilot program into a regularized system aims to enhance the classification and tiered review of business concentrations, further improving the effectiveness of antitrust reviews [2] - This initiative is expected to better maintain fair competition in the market, stimulate the vitality of business entities, and create a more equitable and dynamic market environment [2] - SAMR will continue to strengthen supervision and guidance over the delegated provincial market regulation departments to ensure that the review process remains unified, standardized, and efficient [2]

Core Viewpoint - The State Administration for Market Regulation (SAMR) is transitioning from a pilot program to a formal delegation for conducting antitrust reviews of certain business concentrations, effective from August 1, 2025, following a successful trial period from August 1, 2022, to July 31, 2025 [1] Group 1 - The pilot program involved five regions: Beijing, Shanghai, Guangdong, Chongqing, and Shaanxi, which were tasked with conducting antitrust reviews [1] - The pilot program has been evaluated as effective, achieving its intended goals [1] - The transition to formal delegation is based on legal frameworks including the Anti-Monopoly Law of the People's Republic of China and relevant regulations [1]

市场监管总局关于将试点委托转为正式委托开展部分经营者集中反垄断审查的公告市场监管总局关于将 试点委托转为正式委托开展部分经营者集中反垄断审查的公告市场监管总局关于将试点委托转为正式委 托开展部分经营者集中反垄断审查的公告2025年第33号为深入推进竞争政策实施，健全经营者集中分类 分级审查制度，提升经营者集中反垄断审查效能，市场监管总局于2022年8月1日至2025年7月31日试点 委托北京市、上海市、广东省、重庆市、陕西省等5个省(直辖市)市场监管部门开展部分经营者集中反 垄断审查工作。经评估，试点工作成效显著，达到了预期目的。为巩固试点工作成果，依照《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》等法律、行政法 规、规章，决定自2025年8月1日起，将试点委托转为正式委托。(市场监管总局) ...

町 大 中 小 ) | | 2025年7月21日-2025年7月27日 | | | | --- | --- | --- | --- | | | 无条件批准经营者集中案件列表 | | | | 序 특 | 案件名称 | 参与集中的经营者 | 审结时间 | | | 曲靖市发展投资集团有限公司收购云南罗平锌电股份有限公司股权案 | 曲靖市发展投资集团有限公司、云南罗平锌电股份有限公司 | 2025年7月24 l H | | | l四川省生态环保产业集团有限责任公司收购四川久环环境技术有限责任 四川省生态环保产业集团有限责任公司、 四川久环环境技术有 公司股权案 | 限责任公司 | 2025年7月24 ll H | | | | | 2025年7月26 | | ਤੇ | 今翊资本第II期有限合伙收购JM Corporation股权案 | 今翊资本第II期有限合伙、JM Corporation、许青松、王绍梅 | IH | 日期：2025-07-29 来源：市市场监管局 搜索您想了解的政策/资讯/服务 信用信息公示 热门搜索： 开办企业 首页 政务公开 政务服务 互动交流 走 您当前的位置：首页 > 专题专栏 > 经营者集 ...

Group 1 - The core point of the article is the change of control in Jiangsu Aoliwei Sensor Technology Co., Ltd., where the controlling shareholder will shift from Mr. Li Hongqing to Zhongchuang Xinhang Technology Group Co., Ltd. [1] - On May 6, 2025, the company signed a share transfer agreement and a voting rights waiver agreement with Zhongchuang Xinhang, indicating a planned transfer of control [1] - After the completion of the control transfer, the company will have no actual controller, and Zhongchuang Xinhang intends to fully subscribe to the new shares issued to specific targets [1] Group 2 - The company has received a decision from the State Administration for Market Regulation stating that no further review will be conducted on the acquisition of shares by Zhongchuang Xinhang, allowing the company to proceed with the concentration [1] - The control change still requires compliance confirmation from the Shenzhen Stock Exchange and completion of share transfer registration [1] - There remains uncertainty regarding the final implementation and completion of the transaction [1]

Core Viewpoint - The National Market Supervision Administration of China has approved Synopsys' acquisition of Ansys with additional restrictive conditions to prevent anti-competitive effects in the optical software, photonic software, and certain EDA software markets [2][3] Group 1: Acquisition Details - Synopsys and Ansys, established in 1986 and 1970 respectively, are both listed on NASDAQ, with Synopsys focusing on EDA software and design IP, while Ansys provides simulation software for semiconductor design [3] - The acquisition agreement, announced on January 16, 2024, stipulates that Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock per share of Ansys, valuing the deal at approximately $35 billion based on Synopsys' stock price on December 21, 2023 [3] Group 2: Regulatory Conditions - The approval includes conditions such as the divestiture of optical solutions and power analysis software businesses, adherence to existing customer contracts, and non-discriminatory practices in product supply to Chinese customers [2] - Synopsys and Ansys are required to maintain interoperability agreements and support industry-standard formats for their EDA products, ensuring fair access for third-party EDA vendors [2] Group 3: Strategic Implications - The merger aims to combine Synopsys' leading EDA technology with Ansys' simulation and analysis capabilities, enhancing customer offerings and strengthening Synopsys' strategic focus on integrated solutions from chip to system [4] - The acquisition is expected to bolster Synopsys' presence in emerging growth areas such as automotive, aerospace, and industrial manufacturing, leveraging Ansys' established market experience [4]

Core Viewpoint - The acquisition of Ansys by Synopsys has been approved with restrictive conditions due to potential anti-competitive effects in various software markets, including optical software, photonic software, and certain EDA software markets [1][39]. Group 1: Case Background - Acquirer: Synopsys, established in 1986 in the USA, listed on NASDAQ, primarily engaged in EDA software and design IP business [2]. - Target: Ansys, founded in 1970 in the USA, also listed on NASDAQ, focuses on developing and selling simulation and analysis software [2]. - The agreement for acquisition was signed on January 15, 2024, with Synopsys acquiring all outstanding shares of Ansys [2]. Group 2: Relevant Markets - The relevant markets identified include optical software, photonic software, certain EDA software, and design IP markets, with horizontal overlaps between Synopsys and Ansys in these areas [4][5][6][15]. - Optical software and photonic software are defined as separate markets due to their distinct applications and technological complexities [5][6]. - The EDA software market is highly specialized, with various functions that do not allow for easy substitution among different software tools [7][8][9]. Group 3: Competition Analysis - The merger is expected to significantly increase market concentration in the optical software market, with combined market shares of 65-70% and a substantial increase in the HHI index [19]. - Similar concerns exist for the photonic software market, where the combined market share is also 65-70%, indicating a potential reduction in competition [20]. - The RTL power analysis software market shows a combined share of 70-75%, with a significant increase in market concentration post-merger [22]. - The transaction is likely to enhance Synopsys's market power in several EDA software markets, potentially limiting competition and innovation [37]. Group 4: Restrictive Conditions - The approval of the acquisition comes with several conditions, including the divestiture of optical solutions and power analysis software businesses to mitigate anti-competitive effects [39][40]. - Synopsys is required to maintain existing customer contracts and ensure fair access to its products without discrimination [40]. - The company must also uphold interoperability agreements with third-party EDA vendors to promote competition and innovation in the market [41].

Core Viewpoint - The control change plan for Sanxiang Impression has been terminated after a year and a half of complications, as the major shareholder, Shanghai Sanxiang Investment Holdings, received a request from Wuhan Lian Investment Real Estate to terminate the equity transfer agreement, indicating that the plan for Hubei Provincial State-owned Assets Supervision and Administration Commission to take over has completely failed [2][5]. Group 1: Control Change and Equity Transfer - Wuhan Lian Investment Real Estate has requested the termination of the equity transfer agreement for the second time, previously issuing a notice in May stating that the agreement had triggered termination conditions [2][7]. - The equity transfer agreement involved Lian Investment acquiring approximately 295 million shares, representing 25% of Sanxiang Impression's total shares, with specific share transfers from Sanxiang Holdings and its actual controller Huang Hui [4][5]. - The first installment of the equity transfer payment, amounting to 173 million yuan, was deposited into a joint account but has not progressed further due to the termination request [6][8]. Group 2: Financial Performance and Business Challenges - In 2024, Sanxiang Impression reported revenue of 1.21 billion yuan, a 9.46% increase from 2023, with the real estate sales segment contributing significantly [10]. - The cultural performance segment, however, saw a decline in revenue by 39.40%, indicating challenges in this area [10]. - The company has faced difficulties in its real estate business, with no new land reserves since 2018, and the remaining project in Yanjiao facing long sales cycles and thin profit margins [11][12].