By King & Wood Mallesons
In the past 12 months, our growth in China and in other major centres around the world has allowed us to witness a substantial increase in the ease of doing business with Chinese investors. We have seen regulatory controls and red tape have reduced significantly, there has been more competition…
By Susan Ning, Yin Ranran, Huang Jing
There have been concerns about Chinese government’s foreign investment policy ever since the State Council announced the formal establishment of the national security review ("NSR") regime in China. At a press conference of the Fourth Session of the 11th National People’s Congress held on March 7, 2011, China’s Minister of Commerce Chen Deming reiterated that China’s "opening-up" policy will remain unchanged. According to Chen, whereas China is in the process of further opening up to the world, introducing the NSR regime ensures that national security concerns will be addressed in a transparent manner and it is in line with international practice.
The NSR regime is not particular to China. The United States first instituted the NSR process in the 1980s. Other jurisdictions, such as Australia, Germany, Canada, also have similar processes (see our article entitled More on China’s national security review regime – the American regime vs the Chinese regime). Through our research, we find that during the past few years, the following contemplated outbound investments by Chinese companies underwent the NSR process:…