金融集团经营者集中形式的反垄断法解析

金融集团化容易导致经营者过度集中，形成市场垄断势力和妨碍市场有效竞争。金融集团经营者集中的法律形式主要有横向合并和非横向合并，非横向合并又具体表现为金融业综合经营的垂直合并和金融资本与工商资本跨业经营的混合合并两种形态。反垄断法对金融集团三种不同集中形式的规制态度应有所不同，应以横向合并规制为主。

Analysis of Antimonopoly Law against Concentration Forms of Market Power of Financial Conglomerates

Financial conglomeration can easily lead to the over-concentration of market power, which will result in market monopoly and obstruct effective competition. The concentration of market power of financial conglomerates mainly takes two legal forms, horizontal merger and non-horizontal merger, which furthermore presents in vertical merger of multipurpose undertakings in the financial sector, and the conglomerate merger between financial capital and commercial capital. Antimonopoly law should have different legislative responses to the three different kinds of concentration of financial conglomerates and should give priority to the regulation of horizontal consolidation.