美国对华投资并购安全审查的最新进展与应对策略  

The Latest Progress and Countermeasures of Security Review of Chinese Investment and M&A in the United States

作　　者：刘斌 潘彤[1] Liu Bin;Pan Tong

机构地区：[1]对外经济贸易大学中国WTO研究院 [2]中国社科院经济研究所 [3]中国社会科学出版社

出　　处：《亚太经济》2019年第2期101-111,151-152,共12页Asia-Pacific Economic Review

基　　金：中国博士后科学基金资助项目(2018M630246);国家社科基金重大项目"逆全球化动向与国际经贸规则重构的中国方案研究"(17ZDA098);国家社科基金重大研究专项项目"妥善处置中美经贸摩擦风险研究"(18VFH003)

摘　　要：美国自1917年开始建立相关法律约束外资流入,后期逐渐形成完备的外资并购安全审查体系。特朗普上台以来,美国外国投资委员会对华投资并购频繁进行安全审查,严重阻碍了中国企业对美投资并购。而且据其安全审查制度的最新修订动向,美国加大了对华投资并购的安全审查力度,未来还会持续关注中国企业在新兴行业的投资,因此中国政府与企业对美投资并购时应该做好充分准备,攻克安全审查难关。Since 2005,the scale of China’s investment in the United States has increased year by year,but in recent years,Chinese enterprises have encountered"Waterloo"in their investment in the United States,especially since the Sino-US trade frictions. In the first half of 2018 alone,eight Chinese investment mergers and acquisitions were rejected due to the United States security review. Since 1917,the United States has established relevant laws to restrict foreign capital inflows,and gradually formed a complete security review system for foreign mergers and acquisitions. Since Trump came to power,the CFIUS has conducted frequent security reviews on M&A in China,which has seriously hindered Chinese enterprises’ M&A in the United States. Moreover,according to the latest revision trend of its security review system,the United States has intensified the security review of investment and M&A in China,and will continue to pay attention to the investment of Chinese enterprises in emerging industries in the future. Therefore,the Chinese government and enterprises should be fully prepared to overcome the difficulties of security review when investing and merging in the United States.

关 键 词：投资并购 安全审查 最新进展 

分 类 号：F171.2[经济管理—世界经济] F125F271