Weichai always adheres to the core principle of fair competition, strictly abides by the Anti-Monopoly Law of the People's Republic of China and globally applicable regulations, builds business conduct standards with industry-leading standards, maintains an open and orderly market environment, and assists the company's sustainable development.
To build a solid compliance defense line, we have established a "four-in-one" anti-monopoly compliance system of "corporate compliance policy, risk assessment and prevention, governance and supervision, and compliance culture cultivation":
(1) Compliance and business synergy: Formulate and dynamically optimize anti-monopoly compliance policies and operation rules, clarify control processes and responsibility boundaries, embed compliance requirements into key business links such as procurement, sales, pricing, and investment and mergers and acquisitions, and set special review nodes to ensure the coordinated advancement of compliance and business.
(2) Precise risk prevention and control: Focus on high-risk areas, conduct regular self-assessment and business compliance screening, focus on preventing risks such as monopoly agreements, abuse of market dominance, and concentration of undertakings, formulate special prevention and control measures, and establish a risk early warning and rapid response mechanism.
(3) Normalized supervision and accountability: The compliance management organization is responsible for coordinated supervision, regularly reviews commercial policies, circulars, advertising behaviors, or other collaborative behaviors to prevent and control compliance risks in advance; Establish a compliance reporting channel and strictly protect whistleblowers, adhere to "zero tolerance" for violations, and form a closed-loop management of "discovery-verification-rectification-accountability".
(4) Full-staff culture cultivation: Incorporate compliance into compulsory courses for all employees, continuously improve the anti-monopoly compliance awareness of all departments and employees of the company, and communicate to and ensure that employees comply with anti-monopoly compliance requirements by signing compliance commitment letters, case warning education, etc.
All employees of Weichai shall know and implement the company's anti-monopoly compliance policies, and are strictly prohibited from achieving commercial purposes through unfair competition means. Any behavior that violates anti-monopoly-related laws and regulations will be subject to disciplinary action depending on the circumstances, up to the termination of the labor contract; Those suspected of breaking the law will be held legally responsible in accordance with the law.
Weichai advocates the concept of "compliance co-construction", incorporates compliance requirements into the cooperation admission and assessment system, and jointly prevents supply chain compliance risks. Weichai will continuously optimize the compliance management system, actively accept regulatory supervision, and join hands with all parties to maintain a market ecology of fair competition.
Contact Us
Weichai's full-series, full-domain products, and full-scenario high-end equipment solutions
Learn MoreExclusive service website, guarding customer operations with the commitment of saying, doing, and being more considerate
Learn MoreHundreds of expert seats on duty, providing 7×24 hours all-weather support
Tel: +86-400-618-3066Contact Us
Weichai's full-series, full-domain products, and full-scenario high-end equipment solutions
Learn MoreExclusive service website, guarding customer operations with the commitment of saying, doing, and being more considerate
Learn MoreHundreds of expert seats on duty, providing 7×24 hours all-weather support
Tel:86-400-618-3066