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    The Rules For The Security Review Of Foreign Mergers And Acquisitions Will Be Published 3 Months Later.

    2011/3/2 10:25:00 54

    Foreign Mergers And Acquisitions Ministry Of Commerce

      

    foreign capital

    The rules for merger and acquisition security review will be introduced 3 months later.

    In March 1st, Kong Linglong, director of the foreign affairs division of the national development and Reform Commission, made the above statement at the Ninth China Forum for pnational corporations.


    Kong Linglong said the newly established foreign investors.

    Merger

    The inter ministerial joint meeting on safety inspection of domestic enterprises will be made by the national development and Reform Commission.

    Ministry of Commerce

    "Double lead" is not set up in the Ministry of Commerce.


    Unlike the guidance catalogue for foreign investment, Kong Linglong said that foreign capital security review will not set up catalogues, but only in accordance with relevant areas.


    Since March 5th, China has conducted safety reviews on foreign acquisitions of domestic enterprises.

    According to the notice issued by the general office of the State Council in February 12th on the establishment of a security review system for foreign investors to acquire and merge domestic enterprises, the scope of review includes two major categories: Merger and acquisition of domestic military industry and military supporting enterprises, key enterprises, surrounding enterprises of sensitive military facilities, and other units related to national defense security; acquisition of important agricultural products (18.64, -0.10, -0.53%), important energy and resources, important infrastructure, important pport services, key technologies, major equipment manufacturing enterprises, etc., and the actual control rights may be acquired by foreign investors.


    The national development and Reform Commission said, "the security review of foreign mergers and acquisitions is centered on safeguarding national security and the scope is relatively concentrated.

    If a foreign investor merges the domestic enterprises in these industries and areas and obtains the actual control power, it is necessary to conduct a safety review. "


    However, there are still some concerns about the outside world, such as the lack of specific operational requirements, and more detailed explanations, such as how to determine whether the acquisition belongs to the scope of safety review.

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