Post-Election Special Part I - US-China Investment Under a Biden Administration

China Law Podcast

With a new U.S. presidential administration all but confirmed, all eyes now are on how a Biden presidency will differ from its predecessor in terms of its policies towards China. Jeremy Zucker and Yang Wang discuss FDI flows between the two countries, the outlook for cross-border M&A, the potential policy tools used by the Biden administration in this area, and more.

Today’s episode is the first of a two-part special looking at what a Biden administration could mean for U.S.-China business and investment. Next week's episode will cover U.S.-China trade and sanctions policies.

Jeremy Zucker is co-chair of Dechert’s International Trade and Government Regulation practice based in Washington, D.C. He has extensive experience advising on national security reviews of FDI by the Committee on Foreign Investment in the United States (CFIUS). Yang Wang is managing partner of Dechert’s Beijing office who focuses his practice on cross-border M&A, private equity, venture capital investments and capital markets.

The China Law Podcast is a weekly podcast exploring China’s business and financial sectors from a legal perspective, hosted by Vincent Chow. Get in touch at [e-mail] with any feedback and ideas for future episodes.

Episode Outline

• 02:47 CFIUS powers expanded by FIRRMA, scrutiny on critical technologies
• 07:55 Differences in means rather than ends
• 09:56 Reversion of CFIUS to traditional norms
• 15:00 Paying close attention to initial days of Biden presidency
• 17:02 Foreign investment in China picking up recently
• 18:47 Impact of COVID-19 on PE/VC
• 20:20 New investment opportunities in high-tech sectors

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