Legal basis: Measures for the Administration of the Acquisition of Listed Companies Article 4 The acquisition of a listed company and the change of related equity shall not endanger national security and social interests. The acquisition of listed companies and related changes in share rights and interests involve national enterprise policies, industry access, transfer of state-owned shares and other matters. If it is necessary to obtain the approval of the relevant state departments, it shall be carried out after obtaining the approval. Foreign investors engaged in the acquisition of listed companies and related changes in share rights and interests shall obtain the approval of relevant state departments, apply the laws of China, and submit to the judicial and arbitration jurisdiction of China.