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China is considering upgrading the status of the anti-monopoly bureau under the State Administration for Market Regulation (SAMR) to increase its crackdown on anti-competitive behavior. When the Chinese government seeks to improve its anti-monopoly capabilities, it has learned from the experience of European anti-monopoly agencies.
According to a Reuters report today, in order to strengthen the fight against anti-competitive behavior, China plans to upgrade the anti-monopoly bureau. Reuters quoted two people familiar with the matter as saying that China is considering upgrading the status of the anti-monopoly bureau under the State Administration for Market Regulation (SAMR) in order to increase its crackdown on anti-competitive behavior.
In March this year, Chinese President Xi Jinping made an important speech and emphasized that to promote the healthy and sustainable development of the platform economy, it is necessary to strengthen regulation and supervision to safeguard public interests and social stability. At the urging of Chinese President Xi Jinping, the once-obscured State Administration for Market Regulation took high-profile actions this year to eradicate and punish anti-competitive behavior, especially in the huge online “platform” economy. According to the two people familiar with the matter, under the new structure that the government is considering, the Anti-Monopoly Bureau will become the National Anti-Monopoly Bureau and be upgraded to a deputy ministerial level, but it will still be subordinate to the Municipal Supervision Bureau. According to sources, the higher administrative level will help antitrust investigators obtain resources when reviewing mergers and acquisitions.
According to the above-mentioned sources, the proposed new structure will also strengthen the internal research capabilities of the Municipal Supervision Bureau, which had previously had to outsource research work. The details of the proposed new structure have not been reported before.
Earlier Reuters said that the Municipal Supervision Bureau is increasing its staff and other resources to combat anti-competitive behavior, especially against some large Chinese enterprises. At the same time, the Municipal Supervision Bureau also plans to delegate the power of case review to local agencies and from other Government agencies get more manpower to handle cases that require extensive investigation.
Sources said that after the anti-monopoly bureau is upgraded, it will be led by Gan Lin, deputy director of the State Administration for Market Regulation. According to sources, the plan may change and requires final approval from the State Council and the National People’s Congress.
According to the report, according to a person familiar with the matter, the Chinese government has borrowed from the experience of European antitrust agencies when seeking to improve its antitrust capabilities. In August of this year, the Antitrust Bureau of the State Administration for Market Regulation stated on its website that it invited officials from antitrust enforcement agencies of the European Union, the United States and other countries and regions, as well as practitioners from multinational companies and law firms engaged in antitrust work to conduct remote video lectures. .
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