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
Foreign acquisitions, mergers, or acquisitions of control over a Chinese business may trigger a concentration filing to SAMR; the regime is mandatory and suspensory. 外资收购、合并或取得中国企业控制权可能触发向国家市场监督管理总局的经营者集中申报；该制度具有强制性与暂停性。The 2024 thresholds (State...
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
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
Every foreign-invested enterprise (FIE) in China must file an annual report between 1 January and 30 June each year through the National Enterprise Credit Information Publicity System (国家企业信用信息公示系统, GSXT)...
2026-08-28
Foreign-invested enterprises (FIEs) in China report investment information through the business-registration and credit-filing systems under the Foreign Investment Information Reporting Measures.外商投资企业在中国通过企业登记与企业信用信息公示系统，依《外商投资信息报告办法》报送投资信息。Three recurring reports apply: an initial report at setup,...