China mulls further streamlining foreign firms M&A procedures

Updated 2017-06-30 08:49:24 Xinhua

China will roll out revised guidelines to streamline procedures for foreign firms' merger and acquisition (M&A)activities in the near future, the Ministry of Commerce (MOC) said Thursday.

China Wednesday issued a revised foreign investment catalogue, which includes the negative list as well as sectors and industries in which the government wants to encourage foreign investment.

The new catalogue has reduced the requirement to obtain official approvals in M&A activities, which means more foreign firms can be established or change status directly via registration.

The MOC will develop supporting policies and roll out new guidelines to define registration procedures for company establishment or changes of status due to M&A activities, according to Sun Jiwen, spokesperson for the MOC.

The reform will reduce institutional transaction costs for foreign firms and make the domestic business environment more global and facilitating for foreign firms, Sun said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 19 2018 08:14:39

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 19 2018 08:14:39

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 19 2018 08:14:39

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords