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SCMP Reporter

Beijing will unveil a national anti-monopoly commission headed by Wang Qishan, the vice-premier in charge of trade and finance, an official said.
The source said the new commission would have three deputy directors. They would be the heads of the National Development and Reform Commission, the Ministry of Commerce and the State Administration for Industry and Commerce.
The source said the commission  would operate within  the commerce ministry's competition division, which would start operations when  the  new anti-monopoly law took  effect on August 1, and would be headed by a deputy commerce minister.
The commission would only be a consultative and co-ordinating body with no administrative power, and staff from the competition division would be responsible  daily operations.
The NDRC, the SAIC and  the commerce ministry would share responsibility for enforcing the anti-monopoly law, the source said.
The  ministry would be in charge of competition issues related to mergers and acquisitions and similar transactions  across the globe.
The NDRC would decide on price-related cases.
The SAIC would decide on matters related to abuse of  market position, the source said.
Despite some media reports to the contrary, the competition division would not be an independent institution but would come under  the commerce ministry,  another source  said.
The source said the competition division would be in charge of approving applications for mergers and acquisitions by overseas entities, a process  originally overseen by  the commerce ministry's treaty and law department.
He did not reveal when the agency would formally come into being.
The source declined to comment on speculation that Microsoft would be the first corporation targeted under the new regime because 'the institution has yet to be set up and nobody knows about it'.
Mei Xinyu, a researcher at  the commerce ministry's Chinese Academy of International Trade and Economic Cooperation, said putting  the competition division under the commerce ministry  showed  Beijing was beefing up  anti-monopoly  activity.
Mr Mei said dividing enforcement responsibilities for the  anti-monopoly law between  three government agencies followed practices in  many countries, including the United States and France.
But he  expressed concern that the law would not be fully implemented from August 1 because the administrative bodies had not  been established.
He said anti-monopoly law regulations that had yet to come into effect would also have a big impact  on competition  issues.



Beijing to unveil new anti-monopoly commission