The State Administration for Market Regulation (SAMR) said it has
unconditionally approved Tongwei Co., Ltd.'s acquisition of equity in Qinghai
Lihao Qingneng Co., Ltd. SAMR said the decision demonstrates regulatory support
for market-based M&A to optimize resource allocation and curb low-level
homogeneous competition, and that it will continue improving merger antitrust
review efficiency to safeguard fair competition and support industrial upgrading
and high-quality development.
