China Issues New Monopoly Rules For Financial Cos.

Law360, New York (July 24, 2009, 4:40 PM EDT) -- Enhancing China's relatively new antitrust regulatory regime, the country's banking and competition officials have announced new rules regarding financial and insurance companies, setting triggering thresholds for the review of mergers in the industry by the government.

The new regulations, announced Wednesday by the China’s Ministry of Commerce and the People’s Bank of China, will effectively make financial services and insurance mergers subject to the same regulatory review as mergers in other commercial industries, said Chun Fai Lui, an attorney with Baker & McKenzie LLP based in...
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