Chinese Merger Control Law
An Assessment of its Competition-Policy Orientation after the First Years of Application
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Beschreibung
On 1 August 2008, the Chinese Anti-Monopoly Law entered into force, introducing a comprehensive framework for competition law to the Chinese market. One set of the new rules pertains to merger control. China’s Ministry of Commerce (MOFCOM) was nominated as the authority responsible for enforcing merger control in China, and has been actively doing so ever since. Recent years have established China as one of the most important merger filing jurisdictions for cross-border mergers alongside the EU and USA. This work evaluates the Chinese merger control law regime and MOFCOM’s decision-making practice after more than five years of application. In particular, it assesses which policy goals (competition policy goals or industrial policy considerations) prevail in the written law and its application, and provides suggestions for a further improvement of the law – with the aim to develop a transparent merger control regime that promotes long-term economic growth in China.
On 1 August 2008 the Chinese Anti-Monopoly Law entered into force, introducing a comprehensive framework for competition law to the Chinese market. One set of the new rules pertains to merger control. China’s Ministry of Commerce (MOFCOM) was nominated as the authority responsible for enforcing merger control in China and has been actively doing so ever since. Recent years have established China as one of the most important merger filing jurisdictions for cross-border mergers alongside the EU and USA. This work evaluates the Chinese merger control law regime and MOFCOM’s decision-making practice after more than five years of application. In particular, it assesses which policy goals (competition policy goals or industrial policy considerations) prevail in the written law and its application and provides suggestions for a further improvement of the law – with the aim to develop a transparent merger control regime that promotes long-term economic growth in China.
Comprehensive guide to Chinese merger control regime under the Anti-Monopoly Law Detailed analysis covering more than five years of merger control practice by MOFCOM In-depth assessment of underlying policy goals in MOFCOM's decision practice Invaluable access to original Chinese language literature and merger control decision practice Includes supplementary material: sn.pub/extras
Autor*in
Tingting Weinreich-Zhao
Themen in »Chinese Merger Control Law«
Anti-Monopoly Law China Competition policy Industrial policy Merger control