Guotai Jun'an Medium-term Strategy: Entering the Best Configuration Phase

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      Since 2013, Chang'an Ford has restricted the lowest resale price of downstream distributors in Chongqing by formulating the Price List, signing the Price Self-Discipline Agreement and limiting the lowest price of downstream distributors during the auto show and the lowest price on the Internet. This is in violation of the Anti-Monopoly Law, which prohibits operators and counterparts from reaching the lowest resale price of goods to third parties. The stipulation of monopoly agreement of Ge. During the investigation, Chang'an Ford did not provide evidence to prove that the relevant acts conformed to the exemption under Article 15 of the Anti-monopoly Law. Chang'an Ford's above actions deprive downstream distributors of pricing autonomy, exclude and restrict intra-brand competition, and actually weaken the competition among brands, undermining fair competition in relevant markets and the legitimate interests of consumers. According to the Anti-monopoly Law, the General Administration of Market Supervision fined Chang'an Ford 4% of its sales in Chongqing in the previous year.
The General Administration of Market Supervision will continue to strengthen anti-monopoly law enforcement, effectively prevent and suppress monopoly activities, seriously investigate and punish monopoly agreements, abuse of market dominance and abuse of power to exclude and restrict competition, earnestly safeguard fair competition in the market, create a good business environment, and promote


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