Chinese Foreign Investment
Total 186 Posts
Chinese Purchase of Korean Semiconductor Company Rejected in CFIUS Review
In mid-September, we wrote about
[https://www.chinatrademonitor.com/cfius-and-korean-government-finishing-up-security-review-of-chinese-purchase-of-korean-semiconductor-company/]
a CFIUS review of a proposed purchase of a South Korean semiconductor company by
a Chinese equity fund. The purchase has now been cancelled, as it could not
obtain approval from CFIUS.
In March of this year, the South Korean
European Commission Report on Foreign Investment Screening Provides Snapshot of Chinese Investment Flows
Earlier this week, the European Commission announced
[https://trade.ec.europa.eu/doclib/press/index.cfm?id=2327] the publication of
its first report on foreign direct investment screening since the new EU
screening regulation came into force a year ago. The report offers a broad
overview of the operation
Biden Extends National Emergency With Respect to Threat From Securities Investments that Finance Chinese Companies
In a notice posted yesterday
[https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/09/notice-on-the-continuation-of-the-national-emergency-with-respect-to-the-threat-from-securities-investments-that-finance-certain-companies-of-the-peoples-republic-of-china/]
, President Biden decided to continue for 1 year the national emergency declared
by President Trump, and later expanded by Biden, with respect to "the threat
from securities investments that finance" certain Chinese companie
U.S. Senators Introduce New Bill to Broaden CFIUS
On November 2, Senators Marco Rubio (R-FL) and Raphael Warnock (D-GA) introduced
a bill to expand the jurisdiction of the Committee on Foreign Investment in the
United States (CFIUS) to review foreign investments where sensitive personal
information is involved.
The bill, S. 3130
[https://www.congress.gov/bill/117th-congress/senate-bill/
Senator Introduces Bill To "Increase Scrutiny over Chinese Investments on U.S. Soil"
Senator John Kennedy (R-LA) has introduced the Exposing China’s Belt and Road
Investment in America Act of 2021
[https://www.kennedy.senate.gov/public/_cache/files/7/7/7761c7c8-1f5b-4b82-b32e-59d86cee0f9a/9C39928D30260C3333F460C163265018.ros21g09.pdf]
, which he said
[https://www.kennedy.senate.gov/public/2021/10/kennedy-introduces-bill-to-increase-scrutiny-over-chinese-investments-on-u-s-soil]
is designed "to review
USITC Report on Caribbean Trade Offers Insights on Chinese Investment in the Region
On September 30, the U.S. International Trade Commission (USITC) issued its
25th
report on the Caribbean Basin Economic Recovery Act (CBERA)
[https://usitc.gov/publications/332/pub5231.pdf], a U.S. program "intended to
encourage economic growth and development in the Caribbean Basin countries by
promoting increased production
CFIUS and Korean Government Finishing up Security Review of Chinese Purchase of Korean Semiconductor Company
Based on a review by the Committee on Foreign Investment in the United States
(CFIUS), President Biden may soon issue a decision to block the purchase of a
South Korean semiconductor company by a Chinese equity fund due to national
security concerns, although the outcome is still uncertain at this