State Administration for Market Regulation: Average Review Time for Simplified Concentration Cases Shortened to 18.6 Days

China implements a 'concentration review system' for corporate investments, mergers and acquisitions, among other transactions. According to the State Administration for Market Regulation, the 'simplified concentration case review system,' established specifically for merger transactions unlikely to raise competition issues, has seen continuously improving review efficiency over its 12-year implementation. Since the start of this year, nearly 89% of cases approved without conditions have been reviewed through the simplified procedure, with average review time dropping from 39.9 days in 2014 to 18.6 days today (CCTV News).