（原标题：吴振国：企业坚守公平竞争底线，才能在全球竞争格局中站稳脚跟） 经济观察报 记者 宋馥李 11月26日，在经济观察报主办的"2024—2025年度受尊敬企业年会"上，国家市场监督管理总局反垄断一 司原司长吴振国结合自己多年在反垄断领域的工作实践，分享了关于做好反垄断合规工作的5点体会， 希望企业从自身发展的角度，理解合规的价值与路径。 吴振国表示，当企业和企业家积极拥抱人工智能、工业互联网等前沿技术时，更需要清醒地认识到：技 术创新的最终价值，必然是、也必须是转化为更高品质的产品与服务——既要满足人民对美好生活的向 往，也要为我国企业在全球竞争中筑牢坚实的"护城河"。 以下是吴振国的发言： 尊敬的各位来宾、女士们、先生们：大家下午好！ 非常荣幸受邀参加本届"受尊敬企业年会"，与商界领袖和专家学者共聚一堂。当前，我们正迈入新一轮 经济发展的关键节点，中共中央关于国民经济和社会发展的"十五五"规划建议已清晰勾勒出以科技自立 自强为引擎、以产业升级为路径的高质量发展蓝图。在这幅宏大画卷中，企业既是执笔绘就发展图景的 核心力量，更是立足市场、参与全球竞争的主角。当我们积极拥抱人工智能、工业互联网等前沿技术 时 ...

Core Viewpoint - The People's Bank of China, along with the National Development and Reform Commission and the National Data Bureau, has initiated a pilot program in the financial sector to implement the "Data Element ×" three-year action plan (2024-2026), aiming to enhance financial quality, reduce costs, and improve efficiency through the multiplier effect of data elements [1] Group 1 - The pilot program is guided by Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era and aims to fully implement the new development concept while ensuring safety and compliance [1] - The initiative will leverage vast financial data and diverse application scenarios to promote cross-industry and cross-level data optimization, collaboration, reuse, and innovation [1] - The program focuses on optimizing financial services, enriching financial products, and strengthening risk prevention measures to support the "five major tasks" of finance [1] Group 2 - The pilot work includes four main tasks: enhancing foundational capabilities and improving data governance, promoting orderly data sharing to optimize resource allocation, strengthening data integration applications to enhance financial service quality, and establishing robust security management to improve financial risk resistance [1]

Group 1 - Global financial markets are in a rare "triple risk" waiting mode, with investors closely monitoring the outcomes of the US-China trade talks, the US May CPI data, and the US Treasury auctions [1][2] - The performance of the upcoming US Treasury auctions is critical, especially after the previous 20-year Treasury auction faced a "failed bid," leading to heightened sensitivity regarding long-term Treasury demand [2] - The 10-year Treasury yield is a key anchor rate for global financial assets, and a poor auction performance could push the yield above the critical threshold of 4.5%, potentially triggering a systemic sell-off in risk assets [2] Group 2 - The market expects the CPI data to rebound, and any significant increase could prompt investors to reassess the Federal Reserve's interest rate cut timeline, making CPI a crucial indicator for global markets [1] - The upcoming Treasury auction results will not only impact the bond market but also serve as a barometer for global financial stability, especially in the context of concurrent US-China trade negotiations and CPI data releases [2] - Various asset classes are exhibiting signs of unease, with the A-share market showing strong caution, increased volatility in US stock futures, and a renewed appeal for gold as a safe-haven asset [2]

Core Viewpoint - The National Anti-Monopoly Bureau of China has released the "2024 Annual Report on Anti-Monopoly Law Enforcement," highlighting efforts to promote fair competition and address monopolistic practices across various sectors [1] Summary by Relevant Sections Annual Work Overview - In 2024, the bureau completed 11 cases related to monopoly agreements and abuse of market dominance, and concluded 643 cases of business concentration [1] - The bureau imposed administrative penalties on one case of refusal to cooperate with investigations and initiated 72 cases against abuse of administrative power to eliminate competition [1] Regulatory Enforcement Effectiveness - Focused on key sectors such as pharmaceuticals, water supply, gas supply, financial data, and internet platforms, the bureau conducted special enforcement actions in the livelihood sector [3] - Five cases of abuse of market dominance were investigated, resulting in fines totaling 106.9 million yuan [3] Fair Competition Policy Implementation - The bureau emphasized the importance of maintaining a high-pressure regulatory environment in the pharmaceutical sector, leading to significant price reductions of 62%, 58%, and 43% for involved drugs [3][4] - In the public utility sector, four cases of abuse of market dominance were addressed to protect consumer rights and ensure fair competition [4] International Cooperation - The bureau deepened international cooperation in anti-monopoly efforts, signing memorandums with four countries, including Italy [1] Platform Economy Regulation - Continuous oversight of major platform companies like Alibaba and Meituan was conducted to ensure compliance and rectify monopolistic practices [5] - The bureau introduced guidelines for standard-essential patents to enhance regulatory effectiveness in intellectual property [5]

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]