New rules on foreign investment to be released
27 February 2007
The central government plans to unveil guidelines on foreign investment this year that will deter monopolies and hostile takeovers, the South China Morning Post reported. Li Zhiqun, director-general of the Ministry of Commerce's foreign investment administration department, said the government is currently working on regulations that will ensure the development of mergers and acquisitions involving foreign parties and prevent foreign monopolies and hostile takeovers. Li also said the government will maintain control of certain important industries and business sectors to ensure national economic security. Details regarding the new guidelines have yet to be released.