Sustained, powerful collisions between Washington and Beijing have had a reverberating impact across the business world, and especially on trade, capital flows and people. In 2018, the enactment of the Foreign Investment Risk Review Modernization Act (FIRRMA) expanded the authority of the U.S. government acting through the Committee on Foreign Investment in the United States (CFIUS) to review foreign investments including minority portfolio stakes not previously covered. The Export Control Reform Act of (ECRA) further tightened the US export control regime, including greater oversight of "emerging" technologies.
U.S.-China VC flows have already declined since 2018, and that slowdown is likely to deepen once FIRRMA implementing regulations are rolled out in early 2020. As technology competition heats up, it is more urgent than ever before for investors and companies to have access to accurate data and information about VC trends and the regulatory framework.
AmCham Shanghai is pleased to present a seminar on U.S.-China Venture Capital Trends and Regulatory Challenges from 9:00 AM to 11:00 AM, Tuesday, January 7 at the O'Melveny & Myers San Francisco offices. The session will feature a briefing on the latest trends in U.S.-China VC flows by Rhodium Group Partner and Research Coordinator at the U.S.-China Investment Project Thilo Hanemann and Rhodium Group Associate Director Adam Lysenko, an overview of the new CFIUS regulations including FIRRMA and their impact on VC flows by O'Melveny & Myers Counsel David Ribner, and a panel discussion and Q&A session.
About the U.S.-China Investment Project:
The U.S.-China Investment Project is a multiyear research initiative led by Rhodium Group and the National Committee on U.S.-China Relations that aims at providing greater clarity on capital flows between both nations. For the past five years, it has provided the public with research and analysis on foreign direct investment between both nations. In 2019, the program was expanded to include VC and other non-FDI equity transactions as well. More background information, data visualizations and an archive with past research are available on the US-China Investment Hub (www.us-china-investment.org).