China: Overseas Companies

(asked on 19th December 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps his Department is taking to enhance the vetting and monitoring processes of Chinese businesses operating in the UK.


Answered by
Catherine West Portrait
Catherine West
Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)
This question was answered on 13th January 2025

As an open economy, the Government welcomes foreign trade and investment where it supports growth and jobs in the UK, meets our stringent legal and regulatory requirements, and does not compromise our national security. Legislation including the country-agnostic National Security and Investment (NSI) Act gives the Government powers to scrutinise and potentially intervene in acquisitions of control over entities and assets in or linked to the UK that may pose national security risks.

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