Comparison of Foreign Investment Reviews Between China and the European Union

DOI

10.2991/aebmr.k.220307.435How to use a DOI?

Keywords

Foreign investment; Safety review; Censorship; Review coverage

Abstract

With the development of the global economy, investors are not just satisfied with the investment in their own country, they are increasingly focusing the investment on overseas markets. How to investigate the multinational corporation, especially security issues, is a huge challenge for the host country. In September 2017 the European Commission proposed a regulation on the Review of foreign investment; on March 19, 2017, New Europe Union（EU）legislation has come into force. On December 27, 2020, Measures for the Safety Review of Foreign Investment in China were reviewed and adopted, and the regulation came into effect on January 18, 2021. National security is always a serious issue for the host country, the business scope of the foreign investment object and the examination conditions should have a clear regulation. If the host country is to simply promote its economic interests, foreign investment in this country would be unconditionally adopted, which would pose a great risk to the security of the country. Given the legislation of the host country on foreign investment security review, this paper adopts a comparative method to compare the representative European Union and China. After comparing the relevant laws and regulations of the European Union and China, this paper suggests that China should further clarify the Ministry of Commerce as the lead review body and guide the national review work on the basis of existing laws; refine the review criteria and incorporate matters such as ecological safety and big data security into the review; improving the review process, prevent duplication of procedures and improve the efficiency of the review.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Jiawen Li
PY  - 2022
DA  - 2022/03/26
TI  - Comparison of Foreign Investment Reviews Between China and the European Union
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2674
EP  - 2679
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.435
DO  - 10.2991/aebmr.k.220307.435
ID  - Li2022
ER  -