Reading of New Strategic Investment Rules for Foreign Investors

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On November 1, 2024, the Ministry of Commerce, the China Securities Regulatory Commission, the State-owned Assets Supervision and Administration Commission of the State Council, the State Taxation Administration, the State Administration for Market Regulation, and the State Administration of Foreign Exchange jointly issued the Measures for the Administration of Strategic Investment in Listed Companies by Foreign Investors (Decree No. 3 of 2024, hereinafter referred to as the “ New Measures for Strategic Investment ”), which comes into effect on December 2, 2024.   The Measures for the Administration of Strategic Investment in Listed Companies by Foreign Investors (Decree No. 28 of 2005, hereinafter referred to as the “ Old Measures for Strategic Investment ”) were jointly issued by the Ministry of Commerce and five other ministries and commissions on December 31, 2005, and came into effect on January 31, 2006. The purpose of the Old Measures for Strategic Investment was to ………………………………