China's New National Security Review Procedures for Mergers and Acquisitions Involving Foreign Investors: A New Hurdle for Foreign Investors or China Just Putting Existing Practice To Paper? - Press Room

Abu Dhabi

Abu Dhabi
Hogan Lovells US LLP - Abu Dhabi
P.O. Box 29662
Nahyan District, Villa 90/2
Abu Dhabi, United Arab Emirates
Phone: +971 2 403 9600
Fax: +971 2 403 9610
Alicante

Alicante
Hogan Lovells (Alicante) S.L. & Cia.
Avenida Maisonnave 22
Alicante, Spain
03003
Phone: +34 965 1383 00
Fax: +34 965 1383 03
Amsterdam

Amsterdam
Hogan Lovells International LLP
Keizersgracht 555
1017 DR Amsterdam, Netherlands
Phone: +31 20 55 33 600
Fax: +31 20 55 33 777
Baltimore

Baltimore
Hogan Lovells US LLP
100 International Drive
Suite 2000
Baltimore, MD 21202
Phone: +1 410 659 2700
Fax: +1 410 659 2701
Beijing

Beijing
Hogan Lovells International LLP
31st Floor, Tower 3
China Central Place
No. 77 Jianguo Road
Chaoyang District
Beijing, China
100025
Phone: +86 10 6582 9488
Fax: +86 10 6582 9499
Berlin

Berlin
Hogan Lovells International LLP
Potsdamer Platz 1
Berlin, Germany
10785
Phone: +49 30 72 611 50
Fax: +49 30 72 611 5100
Brussels

Brussels
Hogan Lovells International LLP
Pericles Building
Rue de la Science 23
Brussels, Belgium
1040
Phone: +32 2 505 0911
Fax: +32 2 505 0996
Budapest

Budapest
Partos & Noblet
Gerbeaud House
Vörösmarty tér 7/8
Budapest, Hungary
1051
Phone: +36 1 505 4480
Fax: +36 1 505 4485
Caracas

Caracas
Despacho de Abogados Miembro de Hogan Lovells
Centro San Ignacio, Torre Copérnico
Oficinas TO-P3-04
Av. Blandín, La Castellana
Caracas, Venezuela
1060
Phone: +58 212 266 9772
Fax: +58 212 266 9732
Colorado Springs

Colorado Springs
Hogan Lovells US LLP
Suite 1300
Two North Cascade Avenue
Colorado Springs, CO 80903
Phone: +1 719 448 5900
Fax: +1 719 448 5922
Denver

Denver
Hogan Lovells US LLP
One Tabor Center, Suite 1500
1200 Seventeenth Street
Denver, CO 80202
Phone: +1 303 899 7300
Fax: +1 303 899 7333
Dubai

Dubai
Hogan Lovells (Middle East) LLP
19th Floor, Al Fattan Currency Tower
Dubai International Financial Centre
PO Box 506602
Dubai, United Arab Emirates
Phone: +971 4 377 9377
Fax: +971 4 377 9378
Dusseldorf

Dusseldorf
Hogan Lovells International LLP
Kennedydamm 24
Dusseldorf, Germany
40476
Phone: +49 211 13 68 0
Fax: +49 211 13 68 100
Frankfurt

Frankfurt
Hogan Lovells International LLP
Untermainanlage 1
Frankfurt am Main, Germany
60329
Phone: +49 69 962 36 0
Fax: +49 69 962 36 100
Hamburg

Hamburg
Hogan Lovells International LLP
Alstertor 21
Hamburg, Germany
20095
Phone: +49 40 419 93 0
Fax: +49 40 419 93 200
Hanoi

Hanoi
Hogan Lovells International LLP
Sentinel Place, Unit 602, 6th Floor
41A Ly Thai To Street
Hoan Kiem District
Hanoi, Vietnam
Phone: +84 4 3946 1146
Fax: +84 4 3946 1156

Ho Chi Minh City

Ho Chi Minh City
Hogan Lovells International LLP
10th Floor, OSIC Building
8 Nguyen Hue Street
District 1
Ho Chi Minh City, Vietnam
Phone: +84 8 3829 5100
Fax: +84 8 3829 5101
Hong Kong

Hong Kong
Hogan Lovells
11th Floor, One Pacific Place, 88 Queensway
Hong Kong, China
Phone: +852 2219 0888
Fax: +852 2219 0222
Houston

Houston
Hogan Lovells US LLP
700 Louisiana Street
Suite 4300
Houston, TX 77002
Phone: +1 713 632 1400
Fax: +1 713 632 1401
Jakarta

Jakarta
Hermawan Juniarto
Prudential Tower, 23rd & 28th Floor (Reception)
Jl. Jendral Sudirman Kav. 79
Jakarta, Indonesia
12910
Phone: +62 21 5795 7095
Fax: +62 21 5795 7096
Jeddah

Jeddah
Al-Yaqoub Attorneys & Legal Advisers
Suite 702B, Bin Homran Centre
Tahliya Street
Jeddah, Saudi Arabia
Phone: +966 2 284 6611
Fax: +966 2 284 6622
London

London
Hogan Lovells International LLP
Atlantic House
Holborn Viaduct
London, United Kingdom
EC1A 2FG
Phone: +44 20 7296 2000
Fax: +44 20 7296 2001
Los Angeles

Los Angeles
Hogan Lovells US LLP
1999 Avenue of the Stars
Suite 1400
Los Angeles, CA 90067
Phone: +1 310 785 4600
Fax: +1 310 785 4601
Madrid

Madrid
Hogan Lovells International LLP
Paseo de la Castellana, 51 Planta 6a
Madrid, Spain
28046
Phone: +34 91 349 82 00
Fax: +34 91 349 82 01
Miami

Miami
Hogan Lovells US LLP
200 South Biscayne Blvd.
Suite 400
Miami, FL 33131
Phone: +1 305 459 6500
Fax: +1 305 459 6550
Milan

Milan
Hogan Lovells Studio Legale
Via Santa Maria alla Porta 2
Milan, Italy
20123
Phone: +39 02 7202521
Fax: +39 02 72025252
Moscow

Moscow
Hogan Lovells (CIS)
Summit Business Centre
22 Tverskaya Street, 9th Floor
Moscow, Russia
125009
Phone: +7 495 933 3000
Fax: +7 495 933 3001
Munich

Munich
Hogan Lovells International LLP
Karl-Scharnagl-Ring 5
Munich, Germany
80539
Phone: +49 89 290 12 0
Fax: +49 89 290 12 222
New York

New York
Hogan Lovells US LLP
875 Third Avenue
New York, NY 10022
Phone: +1 212 918 3000
Fax: +1 212 918 3100
Northern Virginia

Northern Virginia
Hogan Lovells US LLP
Park Place II Ninth Floor
7930 Jones Branch Drive
McLean, VA 22102-3302
Phone: +1 703 610 6100
Fax: +1 703 610 6200
Paris

Paris
Hogan Lovells (Paris) LLP
6 avenue Kléber
Paris, France
75116
Phone: +33 1 53 67 47 47
Fax: +33 1 53 67 47 48

Paris
Hogan Lovells (Paris) LLP
69, avenue Franklin Roosevelt
Paris, France
75008
Phone: +33 1 53 67 47 47
Fax: +33 1 53 67 47 48
Philadelphia

Philadelphia
Hogan Lovells US LLP
1835 Market Street, 29th Floor
Philadelphia, PA 19103
Phone: +1 267 675 4600
Fax: +1 267 675 4601

Prague

Prague
Hogan Lovells (Prague) LLP, organizační složka
Slovanský dům
Na Příkopě 22
Prague, Czech Republic
110 00
Phone: +420 221 411 700
Fax: +420 224 210 004
Riyadh

Riyadh
Al-Yaqoub Attorneys & Legal Advisers
Level 56, Kingdom Tower
Aroba Street, Olaya Road
PO Box 57288
Riyadh, Saudi Arabia
Phone: +966 1 211 0600
Fax: +966 1 211 0601
Rome

Rome
Hogan Lovells Studio Legale
Piazza Venezia 11
Rome, Italy
00187
Phone: +39 06 6758231
Fax: +39 06 67582323
San Francisco

San Francisco
Hogan Lovells US LLP
4 Embarcadero Center 22nd Floor
San Francisco, CA 94111
Phone: +1 415 374 2300
Fax: +1 415 374 2499
Shanghai

Shanghai
Hogan Lovells International LLP
Park Place, 18th Floor
1601 Nanjing Road West
Shanghai, China
200040
Phone: +86 21 6122 3800
Fax: +86 21 6122 3899
Silicon Valley

Silicon Valley
Hogan Lovells US LLP
525 University Avenue 4th Floor
Palo Alto, CA 94301
Phone: +1 650 463 4000
Fax: +1 650 463 4199
Singapore

Singapore
Hogan Lovells Lee & Lee
50 Collyer Quay
#10-01 OUE Bayfront
Singapore, Singapore
049321
Phone: +65 6538 0900
Fax: +65 6538 7077
Tokyo

Tokyo
Hogan Lovells Horitsu Jimusho
Gaikokuho Kyodo Jigyo
15th Floor Daido Seimei Kasumigaseki Building
1-4-2 Kasumigaseki
Chiyoda-ku
Tokyo, Japan
100-0013
Phone: +81 3 5157 8200
Fax: +81 3 5157 8210
Ulaanbaatar

Ulaanbaatar
Hogan Lovells (Ulaanbaatar) LLC
Suite 401, New Century Plaza
Chinggis Khaan Avenue-15
Sukhbaatar District, 1st Khoroo
Ulaanbaatar, Mongolia
Phone: +976 7012 8900
Fax: +976 7012 8901
Warsaw

Warsaw
Hogan Lovells (Warszawa) LLP
ul. Nowogrodzka 50
Warsaw, Poland
00695
Phone: +48 22 529 29 00
Fax: +48 22 529 29 01
Washington, D.C.

Washington, D.C.
Hogan Lovells US LLP
Columbia Square
555 Thirteenth Street, NW
Washington, DC 20004
Phone: +1 202 637 5600
Fax: +1 202 637 5910
Zagreb

Zagreb
Bogdanovic, Dolicki & Partners
Miramarska 24
Zagreb, Croatia
10000
Phone: +385 1 600 56 56
Fax: +385 1 600 56 57

With more than 40 offices around the world, including associated offices, we are ready to help you wherever your business takes you.

Hogan Lovells Publications

"China's New National Security Review Procedures for Mergers and Acquisitions Involving Foreign Investors: A New Hurdle for Foreign Investors or China Just Putting Existing Practice To Paper?" China Alert, Hogan Lovells, 25 February 2011

Philip Cheng, Adrian Emch, Andrew McGinty, Steven N. Robinson, Jun Wei, Deanna Wong, Geoffrey Lin, Xi Liao, Thomas Man, Horace Lam

Download PDF

On 12 February 2011, the General Office of China's State Council released new rules to introduce a national security review system for mergers and acquisitions ("M&A") of companies within China involving foreign investors. In the Circular on Establishing the Security Review System for Mergers and Acquisitions of Enterprises within China involving Foreign Investors ("Security Review Circular") dated 3 February 2011, the State Council lays out a formal national security review process ("National Security Review") for various categories of inbound M&A transactions involving foreign investors. The Security Review Circular will come into effect 30 days after the date of its promulgation.