Antitrust Antitrust

China subsidizes local governments for antitrust actions as Beijing flexes regulatory muscles

By Yonnex Li
  • 29 Jan 2021 00:31
  • 29 Jan 2021 00:31
China's finance ministry will subsidize local governments for their antitrust actions, allocating funds based on their enforcement scorecards following Beijing's top-down order to ramp up the fight against anticompetitive behavior nationwide.
The Ministry of Finance will hand out the subsidies to support market regulators of provinces, autonomous regions and municipalities

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Yonnex Li

Chief Correspondent, Greater China

Yonnex has an MA in Journalism from the Chinese University of Hong Kong, after obtaining a BA in Translation at the same university. At MLex, she writes extensively on antitrust developments in the Greater China region, including investigations, court cases and merger control of international transactions. Prior to joining MLex, she worked as a reporter at the English division of the Hong Kong Economic Journal, providing coverage and analysis on China's banking sector, asset management industry as well as currency and financial reforms.

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