Insist on encouraging competition, opposing monopoly, improving the competition policy framework, and building a competition policy that covers all aspects of competition.

“Insist on encouraging competition and opposing monopoly, improve the competition policy framework, and build a competition policy implementation mechanism covering all links before, during and after the event.”

The meeting held in December 2020 The Central Economic Work Conference emphasized the need to "strengthen anti-monopoly and prevent the disorderly expansion of capital"; soon after, Alibaba, China Literature, and Fengchao were punished by anti-monopoly; on February 7 this year, the "State Council Anti-Monopoly Commission's Anti-Monopoly Regulations in the Platform Economy" "Monopoly Guide" was released. This time, antitrust was mentioned in the government work report and the draft outline of the 14th Five-Year Plan. The government work report once again reiterated "strengthening anti-monopoly and preventing disorderly expansion of capital."

The anti-monopoly statement in the draft outline of the "14th Five-Year Plan" is more specific. It mentions strengthening the economic supervision of Internet platforms in accordance with laws and regulations, clarifying the positioning and supervision rules of platform enterprises, and improving the determination of monopoly. Legal regulations to combat monopoly and unfair competition. Yu Miaojie, secretary of the Party Committee of the National Development Research Institute of Peking University, believes that antitrust is mentioned in the government work report and the "14th Five-Year Plan", but they are actually similar but come from the same origin. "The main purpose is to create an open, just and fair market environment and prevent companies from obtaining monopoly status through improper means and exercising monopoly pricing, thereby causing inefficient market output and further endangering consumer interests.

" he told the 21st Century Business Herald reporter. From the perspective of optimizing the market environment, lawyer Wang Qiongfei from Zhejiang Kenting Law Firm believes that antitrust is an important means to solve the problem of eliminating and restricting competition. Strengthening antitrust means that the government will make more use of the legal weapon of antitrust. To eliminate unfair competition and establish a fair competition mechanism that stimulates market vitality and encourages innovation. Build a competition policy implementation mechanism before, during and after the event, "persist in encouraging competition and opposing monopoly, improve the competition policy framework, and build a competition policy implementation mechanism covering all links before, during and after the event."

It is pointed out in the draft outline of the "14th Five-Year Plan". Deng Zhisong explained to the 21st Century Business Herald reporter that my country’s competition policy implementation mechanism includes anti-monopoly and anti-unfair competition policy implementation mechanisms, involving all aspects before, during and after the event. Among them, it includes a concentration reporting system for mergers and acquisitions and a fair competition review system for administrative policies.

The former means that once a merger and acquisition transaction meets the reporting standards, it must make a prior antitrust declaration and obtain approval from the review authority, otherwise the transaction will not be implemented; the latter means that fair competition must be conducted before administrative policies are promulgated. The review can only be implemented if it is determined by review that it does not have the effect of eliminating or restricting competition.

During and after the event, they include antitrust investigations and penalties for monopoly agreements, abuse of market dominance, concentration without approval, administrative monopoly, and investigations and penalties for unfair competition.