2026-08-28
The notifiable thresholds (Order No. 773, effective 26 Jan 2024) are: worldwide turnover >RMB 12bn with two parties each >RMB 800m in China, OR China aggregate >RMB 4bn with...
2026-08-28
Since the Foreign Investment Law (2020), acquiring a domestic firm is no longer a commerce-approval event; it runs through the negative list, information reporting, plus merger control and security...
2026-08-28
From 1 August 2026, the SAMR's refined delegated-review system adds review of certain non-simple concentration cases by the five original provincial bureaus and adds Liaoning, Zhejiang and Sichuan as...
2026-08-28
A concentration must be notified to SAMR before closing if it meets the turnover thresholds; failing to file or closing early triggers investigation and penalties.达到营业额标准的经营者集中，须在实施前事先向市场监管总局申报；未申报或获批前实施将面临调查与处罚。Current thresholds (raised in the...
2026-08-28
China's 2022-revised 《反垄断法》 empowers SAMR to review concentrations that fall below the notification thresholds where they may eliminate or restrict competition.中国2022年修订的《反垄断法》授权市场监管总局对未达申报标准、但可能排除限制竞争的集中进行审查。"Killer" or "sniping" (掐尖式) acquisitions—buying a nascent rival to...
2026-08-28
Digital-platform M&A is governed by SAMR's 2021 《关于平台经济领域的反垄断指南》, which extends classic antitrust tools to multi-sided markets.数字平台并购受市场监管总局2021年《关于平台经济领域的反垄断指南》规范，该指南将经典反垄断工具扩展至多边市场。Concentrations that entrench a platform's dominance or eliminate nascent rivals face close review, even...
2026-08-28
A concentration is notifiable to SAMR when the parties' turnover meets the State Council thresholds; the deal is suspensory and cannot close before clearance.当各方营业额达到国务院标准时，集中须向市场监管总局申报；交易具有暂停效力，获批前不得交割。The State Council raised the notification...
2026-08-28
China's competition regime is anchored by the 2022-revised 《反垄断法》 (Anti-Monopoly Law), enforced primarily by SAMR, with merger control, conduct enforcement, and fair-competition review as its three pillars.中国竞争制度以2022年修订的《反垄断法》为基石，主要由市场监管总局执行，其三大支柱为经营者集中、行为监管与公平竞争审查。Merger control is...
2026-08-28
The State Council's National Health 15th Five-Year Plan (Guo Fa No. 23) explicitly calls for expanding the wholly foreign-owned hospital pilot and steadily advancing international medical services pilots....
2026-08-28
China's unified Market Access Negative List (2025 edition) was cut to 106 items, down from 117 in 2022, while the foreign-investment access list stands at 29 national items with...