MOFCOM Issues National Security Review Guidelines

On 26 August 2011, the PRC Ministry of Commerce issues its supporting “Guidelines”, the MOFCOM Implementation Measures for the Foreign Acquisition of a Domestic Enterprise Review System. Some people argue that even the regulations are fairly short but still leave a lot of issues unresolved.“The new regulation has solved a major loophole in the previous rules by noting that it is not allowed to use such tricks and any other means to avoid the review,” Mei Xinyu, a researcher at the Chinese Academy of International Trade and Economic Cooperation under MOFCOM, told the Global Times SundayHowever. However, we are all looking forward to the good effort of the ‘Guidelines’.

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