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Clifford Chance

Clifford Chance

Briefings

China Launches National Security Review System for Foreign M&A

21 February 2011

"Foreign investors considering M&A activities in China may soon be subject to a security review system in addition to the existing antitrust review mechanism.

With a view to protecting national security and preserving social and economic stability, the State Council has published a circular that subjects certain M&A transactions in certain industry sectors to a security review.

This briefing comes explains the scope of application of the Circular, the content and process of the security review, and how it impacts potential M&A activities in China."

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