Chinese State Owned Enterprises and EU Merger Control

This book examines the corporate governance of Chinese State Owned Enterprises (SOEs) and their assessment under EU merger control, highlighting the challenges of applying traditional merger assessment tools due to the specifics in their corporate governance and the regulatory framework in China. It also explores the connection between these challenges and the recent introduction of the EU foreign direct investment screening framework.

Format: Paperback / softback
Length: 134 pages
Publication date: 01 August 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate details of corporate governance within China's State Owned Enterprises (SOEs) and their evaluation under the European Union's (EU) merger control framework. With a focus on the evolving global policy and the Belt and Road Initiative, Chinese SOEs have significantly expanded their global footprint. Driven by the pursuit of cutting-edge technologies and other industrial policy considerations, these enterprises have engaged in a series of corporate acquisitions in Europe. The primary objective of this book is to showcase the conceptual and regulatory challenges associated with applying traditional merger assessment tools in cases involving Chinese SOEs, owing to the unique characteristics of their corporate governance and the regulatory framework governing their operations in China. Furthermore, the book explores the interconnectedness between the challenges faced by the EU merger control regimes and the recent introduction of the EU foreign direct investment screening framework, followed by a proposal concerning foreign subsidies.

The book is a valuable resource for academics, researchers, legal practitioners, national competition authorities, policy makers, government officials, and diplomats engaged in the fields of law, international relations, political science, and political economy. It provides a thorough analysis of the specificities of corporate governance in Chinese SOEs and their assessment under EU merger control, offering insights into the complex interplay between global policies, economic developments, and regulatory frameworks.

The book is organized into several chapters, each addressing different aspects of the topic. In the introductory chapter, the authors provide a background on the evolution of Chinese SOEs and their global expansion. They discuss the driving forces behind these developments, including the need for technological advancements, economic policy considerations, and the Belt and Road Initiative.

The subsequent chapters delve into the challenges of applying traditional merger assessment tools in cases involving Chinese SOEs. The authors examine the specific corporate governance structures, ownership patterns, and regulatory frameworks that shape the operations of these enterprises. They highlight the differences between Chinese and European corporate governance models and discuss the implications of these differences for merger control evaluations.

The book also explores the connection between the challenges experienced by the EU merger control regimes and the recent introduction of the EU foreign direct investment screening framework. The authors examine how the screening framework aims to protect EU interests while balancing the need for economic cooperation with China. They discuss the potential impact of the screening framework on Chinese SOEs and the potential for cooperation between the EU and China in the area of merger control.

In addition to the theoretical analysis, the book includes case studies and examples to illustrate the practical implications of the discussed topics. These case studies provide real-world examples of Chinese SOEs engaging in corporate acquisitions in Europe and the challenges they faced during the merger control process. The authors use these examples to highlight the complexities and nuances of applying merger assessment tools in cases involving Chinese SOEs and to offer practical solutions and recommendations for policymakers and practitioners.

Overall, this book is a valuable contribution to the literature on corporate governance, international relations, and economic policy. It provides a comprehensive and in-depth analysis of the challenges and opportunities associated with Chinese SOEs' global expansion and their engagement in cross-border mergers and acquisitions. The book will be of interest to academics, researchers, legal practitioners, policy makers
This comprehensive book delves into the intricate details of corporate governance within China's State Owned Enterprises (SOEs) and their evaluation under the European Union's (EU) merger control framework. With a focus on the evolving global policy and the Belt and Road Initiative, Chinese SOEs have significantly expanded their global footprint. Driven by the pursuit of cutting-edge technologies and other industrial policy considerations, these enterprises have engaged in a series of corporate acquisitions in Europe. The primary objective of this book is to showcase the conceptual and regulatory challenges associated with applying traditional merger assessment tools in cases involving Chinese SOEs, owing to the unique characteristics of their corporate governance and the regulatory framework governing their operations in China. Furthermore, the book explores the interconnectedness between the challenges faced by the EU merger control regimes and the recent introduction of the EU foreign direct investment screening framework, followed by a proposal concerning foreign subsidies.

The book is a valuable resource for academics, researchers, legal practitioners, national competition authorities, policy makers, government officials, and diplomats engaged in the fields of law, international relations, political science, and political economy. It provides a thorough analysis of the specificities of corporate governance in Chinese SOEs and their assessment under EU merger control, offering insights into the complex interplay.

The book is organized into several chapters, each addressing different aspects of the topic. In the introductory chapter, the authors provide a background on the evolution of Chinese SOEs and their global expansion. They discuss the driving forces behind these developments, including the need for technological advancements, economic policy considerations, and the Belt and Road Initiative.

The subsequent chapters delve into the challenges of applying traditional merger assessment tools in cases involving Chinese SOEs. The authors examine the specific corporate governance structures, ownership patterns, and regulatory frameworks that shape the operations of these enterprises. They highlight the differences between Chinese and European corporate governance models and discuss the implications of these differences for merger control evaluations.

The book also explores the connection between the challenges experienced by the EU merger control regimes and the recent introduction of the EU foreign direct investment screening framework. The authors examine how the screening framework aims to protect EU interests while balancing the need for economic cooperation. They discuss the potential impact of the screening framework on Chinese SOEs and the potential for cooperation between the EU and China in the area of merger control.

In addition to the theoretical analysis, the book includes case studies and examples to illustrate the practical implications of the discussed topics. These case studies provide real-world examples of Chinese SOEs engaging in corporate acquisitions in Europe and the challenges they faced during the merger control process. The authors use these examples to highlight the complexities and nuances of applying merger assessment tools in cases involving Chinese SOEs and to offer practical solutions and recommendations for policymakers and practitioners.

Overall, this book is a valuable contribution to the literature on corporate governance, international relations, and economic policy. It provides a comprehensive and in-depth analysis of the challenges and opportunities associated with Chinese SOEs' global expansion and their engagement in cross-border mergers and acquisitions. The book will be of interest to academics, researchers, legal practitioners, policy makers, government officials, and diplomats engaged in the fields of law, international relations, political science, and political economy.

Weight: 270g
Dimension: 216 x 138 (mm)
ISBN-13: 9780367513252