Business · Companies · 1 day ago

China’s fast-track merger reviews now average 18.6 days

China’s fast-track merger reviews now average 18.6 days

China’s market regulator says it now takes an average of 18.6 days to review mergers handled through its fast-track process.

The process is for deals considered unlikely to raise competition concerns.

It began in 2014, when reviews took an average of 39.9 days.

This year, 88.8% of mergers approved without conditions went through the fast-track process, the regulator said.

It also requires less information from companies than the standard process, reducing the work involved in filing.

Faster reviews can lower the cost of mergers while allowing regulators to focus more attention on cases that may affect competition.

The regulator said Liaoning, Zhejiang and Sichuan have joined the provincial authorities reviewing cases on its behalf, and that this is expected to improve review capacity.

Sources

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