CCTV.com - CNTV English - CCTV News

China faces increasing foreign-funded M&A

09-21-2011 08:44 BJT

Related reading:

BEIJING, Sept. 20 (Xinhua) -- China on Tuesday defended its regulation that reviews mergers and acquisitions (M&A) of domestic companies by foreign investors, saying it does not impose a new threshold for such practices.

The policy targets the practices that will affect national security or have the potential to be a threat, Shen Danyang, spokesman of the Ministry of Commerce said at a regular news briefing in response to foreign investors concerns over M&A of domestic firms.

The regulation, which took effect as of September 1, "does not mean a new threshold has been set up for acquisitions and mergers by foreign investors or a new recognition procedure," he said.

According to the regulation which was issued in February, the review process will involve foreign M&A of domestic military-industrial enterprises and supporting firms, companies near "major and sensitive military facilities" and other M&A that are deemed to be relevant to national security.

Shen said foreign M&A of domestic companies accounted for 3.1 percent of the foreign direct investment (FDI) that China attracted last year. From January to August this year, foreign M&A projects amounted to 3.4 billion U.S. dollars, a big increase from past years, he added, without giving comparable figures.

Total FDI for the first eight months of this year reached 77.63 billion U.S. dollars, the ministry said last week.

 

 


 

Editor:James |Source: CNTV

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program