General

The National Anti-Monopoly Bureau officially lifted the veil. On November 18, the State Anti-Monopoly Bureau was formally established, and it was on the same building as the Sanlihe Office of the State Administration for Market Regulation.

u3000u3000 National Anti-Monopoly Bureau listed

u3000u3000 According to the official website of the State Administration for Market Regulation, the names of the Competition Policy Coordination Department, Anti-Monopoly Enforcement Department I, and Anti-Monopoly Enforcement Department II have also been unveiled.

u3000u3000 What is the National Anti-Monopoly Bureau? Why does the emergence of the National Anti-Monopoly Bureau cause widespread concern? This is related to the increasing importance of anti-monopoly work under the new economic and social situation. The more the market economy develops, the more important is fair competition.

u3000u3000 Experts believe that the establishment of the National Anti-Monopoly Bureau will further strengthen my country's anti-monopoly law enforcement power to meet the needs of the increasingly complex international and domestic anti-monopoly law enforcement situation.

Two months before the official listing of the State Anti-Monopoly Administration, the State Administration for Market Regulation released the "Annual Anti-monopoly Law Enforcement Report in China (2020)", which reviewed the nine major industries with prominent monopoly problems in my country since the 13th Five-Year Plan, including Petrochemical, pharmaceutical, semiconductor, Internet and other fields.

u3000u3000 According to the "Report", during the "13th Five-Year Plan" period, the anti-monopoly law enforcement agencies investigated and dealt with 1 case of abuse of market dominance in the petrochemical industry and 3 cases of monopoly agreement. 6 cases of illegal implementation of the concentration of undertakings were investigated and dealt with. 227 cases of concentration of undertakings were concluded.

u3000u3000 There are many cases of concentration of operators in the petrochemical industry. The total transaction amount is about 4.98 trillion yuan, and 4 cases have been approved with restrictive conditions.

u3000u3000 In recent years, as the prices of raw materials fluctuate, the state has increased supervision over market monopolies.

In 2020, the Shanghai market supervision department announced a number of major investigations. Due to violations of the "Anti-Monopoly Law" and abuse of market dominance, Eastman (China) Investment Management Co., Ltd. was issued more than 24.37 million by the Shanghai Municipal Market Supervision Bureau. Yuan ticket.

u3000u3000 In 2018, the State Administration for Market Regulation investigated and punished two branches of China National Petroleum Corporation Limited for resale price behavior and imposed a total fine of 84 million yuan on them.

u3000u3000In contrast, in the home furnishing industry, the average price of 18cm particleboard in October 2021 was about 68.96 yuan/piece, a year-on-year increase of 6.96%. In October 2021, the average price of 18cm particleboard was 71.19 yuan/piece, a year-on-year increase of 10.74%.

u3000u3000 In terms of soft raw materials, the average price of MDI, which is mainly used for the production of leather products, reached 22265.37 yuan/ton in the first October of 2021, a year-on-year increase of 40.19%. During the same period, TDI, which is mainly used for mattress manufacturing, also saw a large increase, with the price rising 19.97% year-on-year to RMB 14,508.29/

u3000u3000 In October, the PVC market price also continued to rise by 100-200. The supply of the ethylene law market is tight, and some prices are expected to be as high as 13,000 yuan/ton.

The establishment of the National Anti-Monopoly Bureau reflects the country’s further improvement of the anti-monopoly system and mechanism. It will enrich anti-monopoly supervision, effectively regulate market competition, and create fairness, transparency, and predictability for various market entities to invest and start businesses and regulate healthy development. A good competitive environment.

u3000u3000 The new official took office with three fires, and I don’t know which one will burn next.