China announces measures for calculating business revenue of financial operators in their application for concentration deals under the Anti-monopoly Law.
The document was jointly issued by the Ministry of Commerce, People’s Bank of China, as well as regulators of the banking, securities and insurance sectors on July 15.
The rules specify sources of the business revenues and equations to calculate revenues of banking institutions and securities companies, futures companies and fund management companies.
According to China’s Anti-Monopoly Law, a business concentration should be reviewed if it involves a global trade of 10 billion yuan (about 1.46 billion U.S. dollars) by all related parties and the total domestic trade volume of at least two sides of related parties exceeds 400 million yuan in the previous fiscal year.
A concentration case with a domestic trade over 2 billion yuan by all related parties in the last fiscal year and the trade volume of at least two of those parties within China exceeding 400 million yuan is also subject to the anti-monopoly review.
The Ministry of Commerce is responsible for such reviews.
By People's Daily Online
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