Qianhai Pilot Free Trade Zone (“Qianhai”), an innovative area in Shenzhen, aims to create an effective and more transparent antitrust enforcement mechanism. Qianhai is seeking to serve as a role model for the country by improving the transparency of antitrust investigations. The Guidelines on Anti-monopoly Work (“Guideline”) promulgated by the Qianhai Management Committee (“Committee”) is a big step towards achieving this goal.
This article, divided into five sections, provides an overview of how the Guideline improves antitrust transparency. Section One explains the problem of transparency of antitrust investigation in current laws and practices. The next three sections articulate three important institutional reforms in the Guideline: clarifying investigation authority and the process before investigation, … Read the rest