Shanghai Acquisition Platform AvailableShanghai Property Rights Exchange and Shanghai Foreign Investment Promotion Center announced April 25 that they have set up an acquisition platform for foreign investors to expedite their purchasing or merging Chinese enterprises, thus shortening approval acquisition period by one third.Zhang Hailong, president of the Exchange said that as long as foreign investors or foreign-funded enterprises conform to China's policy, and have concluded transactions at the Shanghai property rights exchange with a transaction volume not exceeding US $ 10 million, they can purchase or annex China's enterprises through this platform. Investment by acquisition or a merger has become a new trend in global capital flow. Last year, global acquisition trade volume totaled US $350 million. The trade volume at Shanghai's property rights market also witnessed a record high to hit 1.966 billion yuan, a jump of 29.25 folds over 1996, foreign acquisition volume increased by 1.5 folds over the same period of the year before. The Shanghai exchange concluded a total of 1 billion yuan worth of transaction in 2000. By PD Online staff member Li Yan |
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