On November 30, 2006, Dr. Wenran Jiang was interviewed by the Globe and Mail on Natural Resources Minister Gary Lunn's recent message during his China visit that Chinese investment in Canadian energy and natural resource sectors is welcome, but as minority interests in Canadian-controlled joint ventures.
Dr. Jiang said Chinese officials fear the investment monitoring could result in a highly politicized process, similar to the one in the United States that derailed a bid by Chinese National Offshore Oil Corp. to acquire Unocal Corp. But he noted that most Chinese companies are not looking for majority control in Canadian companies, preferring minority position along the lines of two recent investments in Canadian oil sands projects.
Thursday, November 30, 2006
Wednesday, November 29, 2006
Flaherty defends plan to screen foreign takeovers
On November 29, 2006, Dr. Wenran Jiang was interviewed by the Globe and Mail on Finance Minister Jim Flaherty's recently announced plan to "protect Canadian assets" against takeovers by some foreign state-owned companies.
Dr. Jiang said that Chinese company and government officials are increasingly skeptical about Canada's openness to Chinese investment.
Wenran said Canada is losing ground in the global competition to gain access to Chinese markets and be the recipient of out-bound Chinese investment. He said Canadian governments would have full power to regulate any foreign subsidiary that resulted from an acquisition.
You can read the article here.
Dr. Jiang said that Chinese company and government officials are increasingly skeptical about Canada's openness to Chinese investment.
Wenran said Canada is losing ground in the global competition to gain access to Chinese markets and be the recipient of out-bound Chinese investment. He said Canadian governments would have full power to regulate any foreign subsidiary that resulted from an acquisition.
You can read the article here.
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