China is revising the rules on foreign investors’ acquisition of domestic enterprises to streamline procedure and payment terms, with stronger inter-agency coordination.中国正修订外国投资者并购境内企业的规定，优化并购管理流程与对价支付要求，并强化部门协同。 The 2026 “stabilise and optimise foreign investment” action plan explicitly tasks MOFCOM with accelerating the revised M&A provisions.2026 … Foreign Investor M&A of Chinese Enterprises: The 2026 Reform DirectionRead more
外资并购 / Foreign M&A
National Security Review of Foreign M&A in 2026: Scope, Process and the Meta–Manus Precedent
The Foreign Investment Security Review Measures (NDRC & MOFCOM, issued 19 Dec 2020, effective 18 Jan 2021) are the legal basis; the review working-mechanism office sits in the NDRC, led by NDRC and MOFCOM. 《外商投资安全审查办法》（发改委、商务部，2020年12月19日发布，2021年1月18日施行）是法律依据；安全审查工作机制办公室设在发改委，由发改委、商务部牵头。 Review is mandatory where the … National Security Review of Foreign M&A in 2026: Scope, Process and the Meta–Manus PrecedentRead more
Strategic Investment in Chinese Listed Companies by Foreign Investors (2024 Rules in Force for 2026)
The revised Measures (six agencies, Order No. 3, 2024; published 1 Nov 2024, effective 2 Dec 2024) are the governing rule for foreign strategic investment in A-share listed companies. 修订后的《办法》（六部门，第3号令，2024；2024年11月1日公布，2024年12月2日施行）是外国投资者对A股上市公司战略投资的主管规则。 Qualifying methods are three: directed new issue, agreement transfer, and … Strategic Investment in Chinese Listed Companies by Foreign Investors (2024 Rules in Force for 2026)Read more
Merger-Control Filing in 2026: Thresholds, Simplified Track and Delegated Review
The notifiable thresholds (Order No. 773, effective 26 Jan 2024) are: worldwide turnover >RMB 12bn with two parties each >RMB 800m in China, OR China aggregate >RMB 4bn with two parties each >RMB 800m in China; sub-threshold deals with competition … Merger-Control Filing in 2026: Thresholds, Simplified Track and Delegated ReviewRead more
Foreign M&A in China in 2026: Review Map and Timelines
Since the Foreign Investment Law (2020), acquiring a domestic firm is no longer a commerce-approval event; it runs through the negative list, information reporting, plus merger control and security review where triggered. 自《外商投资法》（2020）以来，并购境内企业不再是商务审批事件——经负面清单、信息报告办理，并在触发时通过经营者集中与安全审查。 Merger-control thresholds (State Council Order No. 773, … Foreign M&A in China in 2026: Review Map and TimelinesRead more
Foreign M&A in China: process & approvals
Since 2020, domestic-enterprise M&A is no longer a commerce-department approval event — it runs through the negative list, information reporting, plus merger control and security review where triggered. 2020 年后，并购境内企业不再是商务部门审批事件——经负面清单、信息报告办理，并在触发时通过经营者集中与安全审查。 Merger-control thresholds (Order No. 773, effective 26 January 2024): worldwide … Foreign M&A in China: process & approvalsRead more