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Project Details
Funding Scheme : General Research Fund
Project Number : 17603918
Project Title(English) : Antitrust and the Rise of China: An Institutional Analysis 
Project Title(Chinese) : 反垄断与中国的崛起:制度化研究 
Principal Investigator(English) : Dr Zhang, Huyue  
Principal Investigator(Chinese) : 张湖月 
Department : Department of Law
Institution : The University of Hong Kong
Co - Investigator(s) :
Panel : Humanities, Social Sciences
Subject Area : Social and Behavioural Sciences
Exercise Year : 2018 / 19
Fund Approved : 637,440
Project Status : On-going
Completion Date : 31-7-2021
Abstract as per original application
(English/Chinese):
My project will explore the clash between antitrust legislation, a body of law originally designed to address market failures in Western democracies, and China, an economic superpower under authoritarian control. Set against the backdrop of China’s increasing integration with the globalized market, the project will analyze the significant challenges that Chinese antitrust regulation poses to foreign multinational companies doing business in China. It will chronicle those challenges and unravel their complex network of causes. By showing that the conflicts we observe on the surface are in fact deeply rooted in institutional factors, my research will offer a cautionary tale of the challenges that globalization poses to law and the economic order. Thus far, most academic attention to Chinese antitrust law has focused on formal rules, procedures, and precedents. Few studies have examined the informal rules and extralegal factors that may also play an important role in driving law enforcement outcomes. My project will be the first to examine how key institutional factors, such as bureaucratic politics, reputation, and the media, can influence antitrust enforcement outcomes in China. It will analyze the incentive structure of Chinese administrative agencies, the constraints that they face when operating within the country’s vast bureaucratic system, the tactics that they use to establish their legal authority, and the reputation sanction on firms subjected to antitrust investigations, as well as the role the media plays in law enforcement. Although my project will focus on antitrust law, its findings will have implications beyond the law. The idiosyncrasies in Chinese antitrust enforcement will serve as a reminder of how distinct China is from the rest of the world, and how important it is for the financial, legal, and political communities to fully recognize that distinction and prepare for the complex challenges involved. My project’s anticipated output is a monograph systematically examining the institutional issues in the enforcement of Chinese antitrust law and two peer-reviewed articles.
我的项目将探讨反垄断立法,一部最初旨在解决西方民主国家市场失灵的法律与中国这个专治控制下的经济超级大国之间的冲突。在中国与全球化市场日益融合的背景下,该项目将分析中国反垄断监管对在中国开展业务的外国跨国公司所面临的重大挑战。它将记录这些挑战并解开其复杂的原因网络。通过表明我们在表面上观察到的冲突实际上深深扎根于制度因素,我的研究将提供一个关于全球化对法律和经济秩序构成的挑战的警示故事。到目前为止,大多数学术界对中国反垄断法的关注都集中在正式的规则,程序和先例上。很少有研究检查过非正式规则和法外因素,这些因素也可能在推动执法结果方面发挥重要作用。我的项目将是第一个研究官僚政治,声誉和媒体等关键制度因素如何影响中国反垄断执法结果的项目。它将分析中国行政机构的激励结构,他们在国家庞大的官僚体制中运作时所面临的制约因素,他们用来建立法律权威的策略,以及对遭受反垄断调查的公司的声誉制裁,以及媒体在执法中的作用。虽然我的项目将侧重于反垄断法,但其研究结果将超出法律范围。中国反垄断执法的特质将提醒人们中国与世界其他地区的区别,以及金融,法律和政治界充分认识到这种区别并为所涉及的复杂挑战做好准备的重要性。我的项目预期成果是一本专着,系统地研究了中国反垄断法执行中的制度问题和两篇文章。
Research Outcome
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  SCREEN ID: SCRRM00542