Proposed rule changes make overseas M&A easier for China firms
China plans to remove approval requirement for some outbound deals, allow Chinese firms to vie for same target
Tue, May 10, 2016 - 5:50 AM
Under the proposed rule changes, Chinese companies seeking to carry out a deal of US$2 billion or more in sectors or countries that China deems sensitive will no longer need approval from the State Council, or to provide proof of financing.
CHINA is planning to remove the need for State Council approval for large, sensitive outbound deals and will allow Chinese companies to vie for the same target, a move likely to further boost record overseas acquisitions by Chinese companies.