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China finalizes non-horizontal merger rules with clearer vertical links, JV scrutiny

By MLex Staff ( December 17, 2025, 08:17 GMT | Insight) -- China's top merger-control regulator has issued final guidelines on reviewing non-horizontal mergers, giving companies more detailed guidance than an earlier draft on how vertical and conglomerate deals will be assessed. Compared with the public consultation draft issued in late June, the final version keeps the overall structure but sharpens several concepts that matter to deal makers.China's top merger-control regulator has issued final guidelines on reviewing non-horizontal mergers, giving companies more detailed guidance than an earlier draft on how vertical and conglomerate deals will be assessed....

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