China will introduce over 20 new regulations on foreign mergers and acquisitions [M&As] of domestic firms before August this year, according to the government-run Xinhua news agency.
The series of regulations will be ready before the PRC Anti-monopoly Law(中华人民共和国反垄断法) comes into effect on August 1 2008, said Cheng Siwei, Vice-Chairman of the Standing Committee of the National People's Congress.
He said the goal of the new regulations is to ensure that foreign merger and acquisition deals will foster the PRC's economic growth without threatening its economic security.
Under the PRC Anti-monopoly Law(中华人民共和国反垄断法) , Cheng said foreign...