On February 26, the Director of the Anti-Monopoly Bureau at the Chinese Ministry of Commerce (“MOFCOM”), Ming Shang, said in a press release that MOFCOM will focus on anti-monopoly legislation this year.
Shang said one task facing MOFCOM would be the formulation of support measures to the “Interim Rule Regarding the Applicable Standards of Simple Merger Review Cases.”
Since the creation of its Anti-Monopoly Law (“AML”), MOFCOM has released about two regulations per year on average. In five years, MOFCOM has established a multi-layered legal framework for the enforcement of AML.
Shang said this year the MOFCOM will also be looking closely at failed merger notifications, and it will also continue to expand international cooperation with international anti-trust agencies, including those of the U.S. and EU.