Recently, the General Administration of Market Regulation issued an examination decision to unconditionally approve the acquisition of shares of Qinghai Lihao Qingneng Co., Ltd. by Tongwei Co., Ltd. in accordance with the law. After in-depth competition analysis, the General Administration of Market Regulation made an unconditional approval decision in accordance with the law, fully demonstrating the regulatory direction of supporting relevant enterprises to optimize resource allocation through market-based mergers, acquisitions and restructuring, and get rid of a low level of homogenized “internal rolling” competition. In the next step, the General Administration of Market Regulation will continue to improve the effectiveness of centralized anti-monopoly supervision by operators, guarantee fair competition through fair and efficient centralized review of operators, help optimize and upgrade the industrial structure, and promote high-quality development of the real economy.

Recently, the General Administration of Market Regulation issued an examination decision to unconditionally approve the acquisition of shares of Qinghai Lihao Qingneng Co., Ltd. by Tongwei Co., Ltd. in accordance with the law. After in-depth competition analysis, the General Administration of Market Regulation made an unconditional approval decision in accordance with the law, fully demonstrating the regulatory direction of supporting relevant enterprises to optimize resource allocation through market-based mergers, acquisitions and restructuring, and get rid of a low level of homogenized “internal rolling” competition. In the next step, the General Administration of Market Regulation will continue to improve the effectiveness of centralized anti-monopoly supervision by operators, guarantee fair competition through fair and efficient centralized review of operators, help optimize and upgrade the industrial structure, and promote high-quality development of the real economy.