The State Administration for Market Regulation has ordered local market
regulators to run a special campaign from June to December to boost antitrust
enforcement efficiency for business concentrations. The initiative aims to use
merger-and-acquisition oversight to promote competition, encourage innovation
and legally support firms using M&A or restructuring to exit "involution-style"
competition and promote higher-quality, value-based market competition. The
campaign will focus on strengthening regulatory capacity, improving full-chain
supervision quality and effectiveness, and enhancing compliance guidance.
