A FIRB with Chinese Characteristics
I often accuse Australia’s regulation of foreign direct investment as having disturbing parallels with China’s regulatory environment. I was amused therefore to see the following headline:
China to Set Up Foreign Investment Review Board:
“The new agency will work independently of the current anti-monopoly investigation system,” the above source revealed.
Stating that the Ministry of Commerce’s anti-monopoly review of foreign mergers and acquisitions is only focused on the level of influence that certain mergers and acquisitions may have on competition, not on national nor industrial security.
As for the approval process under any possible future foreign investment review board, “[The process] will basically be the same as before, we are merely adding one extra procedure.”
posted on 28 March 2010 by skirchner in Economics, Foreign Investment
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