ANNOUNCEMENT 03 Feb 2011
February 12th, 2011 - In February 2011, the government of China announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
PRC Central People's Government, February 12th, 2011. (国办发〔2011〕6号 国务院办公厅关于建立外国投资者并购境内企业安全审查制度的通知)
On 3 February 2011, the General Office of the State Council issued the Circular the General Office of the State Council on the Establishment of Security Review System Regarding Merger and Acquisition of Domestic Enterprises by Foreign Investors (Guobanfa '2011' No.6) for the purpose of further regulating foreign investment through mergers and acquisitions.
According to the Circular, any merger or acquisition by foreign investors in the business areas listed below shall be reviewed by the Ministry of Commerce.
The business areas subject to this review are:
In 2020, the review framework laid out in the 2011 Circular was expanded to effectively cover all inbound FDI - see related act for more information.