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Chinese filings for U.S. clearance on investments doubled in 2021 – Reuters

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Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song

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WASHINGTON, Aug 2 (Reuters) – Chinese investors roughly doubled the number of applications they made last year seeking U.S. regulatory clearance for proposed stakes in American companies, according to a new Treasury Department report released on Tuesday.

The annual report for the Committee on Foreign Investment in the United States (CFIUS), first reported by Reuters, shows that Chinese investors filed 44 so-called “covered notices” seeking green lights for their deals in U.S. President Joe Biden’s first year in office compared with 17 such filings in 2020.

The 2021 figures for China included filings from Hong Kong-based investors, while the 2020 numbers place Hong Kong’s three such filings into a separate category, due to a shift in U.S. policy.

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Most foreigners seeking to take even non-controlling stakes in U.S. companies must seek approval …….

Source: https://www.reuters.com/markets/deals/chinese-requests-us-clearance-investments-doubled-2021-2022-08-02/

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