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More Information:
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OECD Investment Policy Review:
China Open Policies Towards Mergers and Acquisitions
Presentation:
Ken Davies
Senior Economist, Investment Division of OECD |
Discussant:
Yee Wah Chin
Senior Counsel, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C
The event took place on Wednesday, June 14, 2006
Capitol Hill Club, Capitol Room
300 First Street, SE, Washington, DC 20003
Event Description:
China has become one of the world's leading destinations for foreign direct investment (FDI). However, while cross-border mergers and acquisitions (M&A) have become the dominant form of global FDI flows, they remain a relatively small part of FDI flows into China. Cross-border M&A can play an important part in the restructuring of state-owned industries, especially in China's old industrial heartland in the North East. The Chinese government has enacted legislation to open the economy to cross-border M&A since the late 1990s, but there is still scope for the regulatory framework in this area to be rendered more open and transparent. In reviewing developments since the 2003 investment policy review of China, the 2006 OECD Investment Policy Review: China evaluates the progress made to date in developing an effective institutional framework for cross-border M&A in China, takes stock of remaining obstacles, and offers policy options to address them.
Biographies:
Ken Davies has been Senior Economist in charge of co-operation with China on investment policies at the Organization for Economic Co-operation and Development (OECD) since March 2002. Before then he was Bureau Chief and Chief Economist, Asia at the Economist Intelligence Unit (EIU) in Hong Kong. Ken graduated in Chinese Studies at the University of Leeds in the turbulent 1960s and in Economics as the University of London in the inflationary 1970s. He has written extensively on Asian economies. In 2003 he produced the first OECD Investment Policy Review of China and followed this with the OECD Investment Policy Review of the Russian Federation in 2004. After publishing the second Investment Policy Review of China, on Open Policies towards Mergers and Acquisitions in April 2006, he is now preparing to work with China on government approaches to responsible business conduct and international investment agreements.
Yee Wah Chin is Senior Counsel at Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C, practicing in the Federal Section. She has extensive experience in antitrust matters, in addition to commercial litigation and transactional counseling. She has provided counseling and analysis on all antitrust transactions, including acquisitions; divestitures and joint ventures; relations with competitors, suppliers and customers; and on licenses and distribution relationships. Additionally, Yee Wah represents clients in litigation, including antitrust, securities, commodities, intellectual property, contracts, insurance coverage, constitutional, consumer protection, bankruptcy, tender offers, acquisitions, patent and technology licensing, R&D collaborations, and trademark licenses. Yee Wah earned her S.B. from MIT, and her J.D from Columbia University Law School. She is a frequent writer and speaker on antitrust issues, and is a member of the OECD Advisory Group on China Investment Policies.
For more information, please contact Susan Fridy,
OECD Washington Center, 202-785-6323
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