Lusong, Zhang

Regulation of Foreign Mergers and Acquisitions Involving Listed Companies in the People's Republic of China

Since its accession to the World Trade Organization (WTO), China has undertaken stronger initiatives toward adapting its legal system to support the development of a market-oriented economy. However, in this important new study the author contends that China's steps in this direction are not sufficient. Although barriers to merger and acquisition targeting of state-owned enterprises (SOEs) have been significantly reduced, excessive administrative intervention continues to discourage foreign & involving domestic listed companies. This book proposes changes in Chinese law, including a new full-scale regulatory scheme, which would enhance and expand such foreign direct investment. The discussion proceeds from the perspectives of company law, securities law, antimonopoly law, and foreign investment law. Based on the analysis of the market situation and policy background in China, and on a comparison among the relevant aspects of the legal systems of China and other jurisdictions, this book addresses the Chinese legal system for foreign and involving listed companies, including its policy support.