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Yao Jian: Establishing A Security Review System For Foreign Mergers And Acquisitions Is An International Practice.

2011/2/18 17:38:00 96

The Chinese government recently issued a document to establish a security review system for foreign investors to acquire domestic enterprises, a spokesman for the Ministry of Commerce.

Yao Jian

On the 17 day when answering a reporter's question at a monthly regular press conference, he said that the establishment of a safety review system is an international practice. It is a further explanation of China's adherence to the policy of opening to the outside world and will further promote the improvement of the structure and quality of foreign investment absorption in China, and the implementation rules and regulations are being worked out.

China absorbed in 2010

foreign capital

It exceeded 100 billion US dollars, 97% of which was realized by greenbelt investment, and only 3% by M & A, while the global direct investment in the world was US $1 trillion and 120 billion last year, of which more than 70% were realized through M & A.

"The structure of China's pattern of absorbing foreign capital and global foreign investment is quite different. From the development trend of China's absorption of foreign capital, M & A will become a trend in the future."

Yao Jian said that it is necessary to draw lessons from international norms and draw up a safety inspection system for foreign investment.

The establishment of a security review system for foreign mergers and acquisitions is a sign of further improvement of China's opening up laws and regulations. It also indicates that China will improve its industrial safety mechanism in the process of continuous opening up. Yao Jian emphasizes that such a system is conducive to further enhancing China's policy pparency and enabling government departments to administer according to law.

He said that during the formulation and formulation of the policy, the industry's opinions including foreign investment enterprises were widely heard.

"The Ministry of foreign affairs of the Ministry of commerce is now working out further operational rules and regulations to further improve efficiency and pparency."

Yao Jian said.

Yao is optimistic about the trend of attracting foreign investment and mergers and acquisitions in the next step.

He said, next step.

Ministry of Commerce

The focus of the work is to further implement the national treatment of foreign invested enterprises in China, and further create a favorable environment and conditions to attract foreign enterprises with high level of technology to China.