China tightens scrutiny of foreign investments on national security grounds, issues new rules AIR Pics China has published new rules for reviewing foreign investment on national security grounds. The review system was announced by Chinaâs National Development and Reform Commission (NDRC) and China s Ministry of Commerce (MOFCOM), expanding the scope of interpretation of a foreign investment required to go through an approval process.
NDRC said, the new regime (a set of 23 rules) covers foreign investment in military sectors and the acquisition by foreign entities of controlling stakes in sectors such as energy, natural resources, agriculture, cultural products and services, internet technology and financial services. Experts say, this is expected to interpret national security broadly, and firms doing business in China should expect additional regulatory hurdles for major transactions.
Analysis by Laura He, CNN Business Updated 0947 GMT (1747 HKT) December 22, 2020 Hong Kong (<a href="https://edition.cnn.com/2020/12/22/tech/smic-us-sanctions-intl-hnk/index.html" target=" blank" CNN Business) China had been counting on its biggest chipmaker to help the country eventually reduce its reliance on the likes of Intel (INTC) and Samsung (SSNLF). The United States just put those ambitions in jeopardy. Washington announced Friday that it will require…
https://www.hangthecensors.com/484471.html (Natural News) The United States on Monday, Dec. 21, issued several additional visa restrictions specifically targeting Chinese officials who have directly engaged in human rights abuses such as cracking down on freedom of religion and freedom of speech.
“China’s authoritarian rulers impose draconian restrictions on the Chinese people’s freedoms of expression, religion or belief, association and the right to peaceful assembly,” said Secretary of State Mike Pompeo in a statement made during a press conference announcing the new restrictions. “The United States has been clear that perpetrators of human rights abuses like these are not welcome in our country.”
Home / Top News / Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Covia Holdings, Semiconductor Manufacturing International Corporation, Kandi Technologies, and Qiwi and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Covia Holdings, Semiconductor Manufacturing International Corporation, Kandi Technologies, and Qiwi and Encourages Investors to Contact the Firm
NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Covia Holdings Corporation (Other OTC: CVIAQ), Semiconductor Manufacturing International Corporation (“SMIC”) (Other OTC: SMICY), Kandi Technologies Group, Inc. (NASDAQ: KNDI), and Qiwi plc (NASDAQ: QIWI). Stockholders have until the deadlines below to petition the court to serv
[co-author: Nicole Hager]
The U.S. Department of Commerce (Commerce), Bureau of Industry and Security (BIS) announced that it has added Semiconductor Manufacturing International Corporation (SMIC), drone manufacturer DJI, and dozens of other companies and universities to its Entity List. The new designations prohibit exports, reexports, and transfers of U.S. commodities, software, and technology, including common, off-the-shelf electronic components, commercial drones and related software, semiconductors and related manufacturing technology, as well as basic, low-level EAR99 items, without a license. The ban also extends to foreign-made items that contain greater than
de minimis controlled U.S. content by value and certain foreign direct products of sensitive U.S. technology. The final rule, which can be found here, is effective immediately.