On March 28, Hong Kong Ta Kung Wen Wei omnimedia reporters asked the State Administration for Market Regulation (SAMR) a question on the "CHEUNG KONG to sell Panama port" and received a response from the Administration.
Here is a full Q&A translation:
Q: It is reported that on April 2, CHEUNG KONG Hutchison Holdings Limited will join hands with BlackRock, Inc. The Panama port transaction agreement has been signed. Is the transaction subject to China's anti-monopoly review and approval?
State Administration for Market Regulation: We have noted this transaction and will review it under the law to protect fair competition in the market and safeguard the public interest.
The official website of the State Administration for Market Regulation shows that it is responsible for anti-monopoly review of the concentration of business operators under the law. Responsible for investigating and dealing with illegal business concentration cases, investigating and dealing with business concentration cases that do not meet the declaration standards but may exclude or restrict competition. We will conduct an anti-monopoly review on the concentration of business operators in the digital economy. To supervise the enforcement of additional restrictive conditions for the concentration of business operators. To guide enterprises in foreign anti-monopoly litigation response and compliance work.
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