|
|
| H O M E | |
|
China to revise regulation on foreign mergers and acquistions
Chinese IT Business
An official with the ministry of commerce said China plans to revise regulations on foreign mergers and acquisitions to defend the country's industrial security and make better use of foreign investment.
Sun Xiaohua, deputy director of the Foreign Investment Department of the Research Institute of the Ministry of Commerce, broke the news to the Shanghai-based China Business News on Monday.
He said that the 2004 regulation set a good framework but didn't touch upon foreign mergers and acquisitions in important sectors that may jeopardize China's industrial and economic integrity.
As more foreign firms chose to invest in China through mergers and acquisitions rather than establishing new companies, experts have urged market watchdogs to stay alert for malicious takeovers by foreign companies.
China's official data shows that a record high 21 mergers and acquisitions occurred over the first six months of the year. Only three involved domestic companies acquiring overseas firms. The average takeover price of the other 18 foreign mergers rose to a record high of 160 million U.S. dollars.
In contrast, the number of foreign-funded companies set up in China over the same period fell by 6.89 percent to 19,750.
In its new five-year plan released earlier this year the Chinese government indicated it wanted to use foreign mergers and acquisitions to facilitate the reform of state-owned enterprises and industrial restructuring.
Along with the more active foreign mergers and acquisitions, however, are rising concerns over the loss of state-owned assets and low prices paid by foreigners in their takeovers.
The latest controversial case involves the Carlyle Group of the United States which agreed to pay 375 million U.S. dollars to purchase a subsidiary of the Xugong Group, China's construction and machinery giant, which has yet to be approved by Chinese regulators.
Oversea Venture Capital, Foreign Angel Investor, Oversea Angel Investor Foreign Funding, Foreign Investment, Oversea Funding, Oversea Investment Our professional team can help you package your business plan in standard western style requirements CHinaeCapital Inc.:
Chinese IT Business, Foreign VC, Foreign Venture Capital, Oversea VC |
||
Chinese IT Business, Foreign Funding, Oversea Funding:
China IT Business Chinese PRC Investments ––– China IT Business PRC IT Business…… |
||
|
|
||
, Chinese IT BusinessCHinaeCapital Inc.:Foreign Funding, Foreign Investment, Oversea Funding, Oversea VC Oversea Investmen
Chinese IT Business, Foreign VC, Foreign Venture Capital, Oversea VC ChinaeCapital has an excellent programs for enabling eBusiness owners, potential eBusiness buyers and sellers to come together and identify business opportunities for their on-line assets. We have an extensive network of industry connections and commercial relationships with eBusiness owner and eBusiness buyers throughout the world. Finally, Chinese IT Business can catch China Chinese IT Business business with the following help from us: Serves as a meeting and market place to facilitate the commercialization, eBusiness partnership and cooperative ventures eBusiness ideas, eBusiness propositions and products & services are available in the website promotion and display.
|