FI Monitor Issue 7, 2023
Foreign investment regimes in APAC at a glance
Introduction
There has been a significant evolution in the approach to foreign investment in the APAC region in recent years. Several jurisdictions that previously restricted or completely closed off certain sectors to foreign investment have now started to open them up, subject to prior screening. Other jurisdictions have strengthened their screening regimes to guard against perceived risks to national or supply chain security. The result is a very broad and diverse set of rules for foreign investment, shaped by local economic, political and regulatory considerations.
At a high level, the more developed economies in the region have been tightening their scrutiny of foreign investments on national security grounds, with a view to protect sensitive assets, critical technologies and other vital interests. In contrast, developing economies have been relaxing their restrictions on foreign investment to accelerate economic growth. Notably, China and India have to some extent combined both trends. Meanwhile, business hubs like Hong Kong and Singapore continue to maintain their open economy status, with minimal screening of foreign investment.
This interactive map offers an overview of the foreign investment regimes in key APAC jurisdictions, including: (i) a summary of the current state of affairs; and (ii) a list of things to look out for if considering a direct or indirect investment into the jurisdiction. Please click the map or input a specific jurisdiction in the search bar for more details.
With thanks to Freshfields Alastair Mordaunt, Laurent Bougard, Ziqi Zhou and Shuke Wen for contributing this update.
- Introduction
- U.S. Outbound Investment Executive Order focuses on next generation technologies
- Trends and tensions: navigating Canada’s foreign investment regime
- European Commission reports on FDI Screening
- Developments in FDI regimes in Belgium, the Netherlands and Spain
- Foreign investment regimes in APAC at a glance
- Latest edition of Foreign Investment Regulation Review published
- Foreign investment monitor archive
Our team
Please get in touch with us or your usual Freshfields contact if you would like to discuss these or any other regulatory issues in more detail.

Alastair Mordaunt Partner
London, Hong Kong

Aimen Mir Partner | Foreign Investment and National Security | Head of CFIUS Practice
Washington, DC

Dr. Frank Röhling Partner
Berlin

Rafique Bachour Managing partner
Brussels

Ignacio Borrego Of Counsel
Madrid

Colin Costello CFIUS and National Security Advisor
Washington, DC

Pascal Cuche Public Law
Paris

Dr. Stephan Denk Partner
Vienna

Ninette Dodoo Partner
Beijing

Dr. Maria Dreher-Lorjé Partner
Vienna, Brussels

Dr. Juliane Hilf Partner
Düsseldorf

Álvaro Iza Partner
Madrid

Sarah Jensen Counsel
London

Winfred Knibbeler Partner
Amsterdam

Christine Laciak Special Counsel
Washington, DC

Dr. Jérôme Philippe Partner
Paris, Brussels

Alex Potter Partner
London, Brussels

Dr. Uwe Salaschek Counsel
Berlin

Ermelinda Spinelli Partner
Milan, Rome

Paul van den Berg Partner
Amsterdam, Brussels

Dr. Andreas von Bonin Partner
Brussels

Kaori Yamada Partner
Tokyo