Others News
- Rules to govern foreign M&As
Date: 26-Nov-2007 Sources: (Shenzhen Daily)
THE country would introduce more than 20 supporting regulations on foreign mergers and acquisitions (M&As) of domestic firms before August next year, a senior legislator said Saturday.
The regulations would come out in a series before the Antitrust Law goes into effect August 1, 2008, Cheng Siwei, vice chairman of the Standing Committee of the National People's Congress, told a forum in Beijing. The regulations would help ensure that foreign M&A deals promote China's economic growth without threatening its economic security, Cheng said.
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