A PYMNTS Company

China: MOFCOM cuts merger review time in half

 |  October 20, 2014

After developing a reputation for taking longer than other regulators to review mergers, reports say China’s Ministry of Commerce has halved the time it takes to investigate such deals.

That increase in speed can be partially attributed to a new procedure enacted in April, reports say, that fast-tracks merger reviews of “simple cases.” Experts say the new procedure was part of MOFCOM’s efforts to increase efficiency.

Further, reports say, MOFCOM recently published is most comprehensive data set that tracks merger approval filing and approval dates. Experts say it is a major milestone for the regulator, which has come under fire for its lack in transparency.

Under the new merger review procedure, MOFCOM takes an average of 26 calendar days to approve deals, according to reports.

Full content: Euro News

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.