China's market regulator summons top solar firms over monopoly concerns, state media reports

Reuters

01/08

BEIJING, Jan 8 (Reuters) - China's market regulator has summoned six top Chinese solar firms including Tongwei 600438.SS, Daqo New Enery 688303.SS and GCL Technology 3800.HK over monopoly concerns, state media China Securities News reported on Thursday.

The regulator urged the companies not to coordinate on production capacity, capacity utilisation, output or prices, the report said.

It also prohibited the enterprise from dividing markets or allocating production and profits through investment ratios, and demanded them to submit written rectification plans by January 20.

(Reporting by Shi Bu, Ethan Wang and Liz Lee, Editing by Louise Heavens)

((Shi.Bu@thomsonreuters.com;))

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The regulator urged the companies not to coordinate on production capacity, capacity utilisation, output or prices, the report said. It also prohibited the enterprise from dividing markets or allocating production and profits through investment ratios, and demanded them to submit written rectification plans by January 20.  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