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Investments in Asia Could Exceed Merger & Acquisition in the West Because of Sanctions, Says Expert_我的网站

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一 | 2001年的网吧里面声音是分种类的。键盘劈里啪啦敲得欢快的，正在跟朋友交流心得的；鼠标和键盘非常有节奏的相互配合，可能是正在跟别人切磋PK或是攻打名门战役；但如果突然停住了——那大概率是听见背景音乐变了……在《金庸群侠传Online》里，背景音乐一变，意味着有人对你出手，这叫被强P。

二 | 你不知道来的是谁，可能是同门切磋，也可能是高手在清场。所以我们的手指永远搭在键盘上，声音一变，条件反射就是Alt+F4——直接把客户端关掉。宁可重登一次，也绝不站着挨那一刀。 Ambuj Sonal, Associate Partner at Link Legal, a firm tracking mergers and acquisitions (M&A) and joint ventures, among others, spoke with Sputnik about cross-border investments in the era of growing uncertainty and the impact this will have on M&A activity in 2022 and beyond.,Sputnik: In the past two years, many restrictions have been imposed on foreign investments globally, mainly for reasons of national security. What effect have such regulatory changes had on cross-border mergers and acquisitions?,Ambuj: The primary reasons for implementing such additional scrutiny were to control the misuse of the uncertain situation and opportunistic investment behavior. Indeed, these restrictions affected cross-border deals globally in early 2020. For example, the European Commission Report on foreign investment flows [released in November 2021] suggested that foreign direct investment (FDI) flow to European countries declined by approximately 71 percent during the time of COVID.,Although these economies had amended regulations to protect their domestic companies from 'corporate raiders', this deterred foreign investors and caused a substantial decline in inbound M&A deals.,Having said that, the global cross-border M&A activity showed huge improvements in the second half of 2020, when most of the countries had started vaccination and adopted other measures to control the pandemic.,Reports show that from the second half of 2020, the volume of global deals increased by approximately 29 percent, and deal values soared by roughly 156 percent, indicating that cross-border M&A deals enjoyed a quicker recovery from COVID.,Sputnik: India has also amended foreign investment rules, explicitly targeting countries with which it shares land borders. How has it affected M&A activity and overall foreign investment flow, primarily from China?,Ambuj: The Indian government, in Press Note 3 (PN3) in April 2020, decreed that all investments from entities (direct or indirect) with which India shares a land border, would have to be made under the 'approval route' and would need security clearance.,PN3 also covered investments where beneficial ownership belonged to China, Taiwan, Hong Kong and Macau. Initially, investors from these nations approached the Indian Government for approval. However, the government was silent about these approvals until the first year of PN3.,According to data disclosed under a recent application filed under the Right to Information Act, the Department of Promotion of Industry and Internal Trade (DPIIT) has revealed that it received 382 FDI proposals from Chinese entities after PN3, of which 80 proposals have been approved.,The DPIIT made the commitment that appropriate due diligence and FDI approvals from Chinese entities would be scrutinized on a case-by-case basis. Before PN3, Chinese firms were actively investing in technology and e-commerce businesses in India, particularly in start-ups.,Up to 2019, India received foreign investments of approximately $3.4Bln from China and Hong Kong. However, post PN3, the total investment from China and Hong Kong has declined to $952Mln or 72 percent.,Having said that, despite COVID-19 and a huge drop in Chinese investments, India has received the highest annual FDI ($83.57Bln) in the 2021-22 financial year, and has emerged as a preferred investment destination.,The steps taken by the Indian government during the past few years have affected the increasing volumes of inbound FDI, which has led to record levels.,Sputnik: The geopolitical scenario has undergone tectonic changes because of tensions between China and the US, and the Russia-Ukraine conflict. Decoupling is a new buzzword that many say is part of de-globalization. How is this affecting mergers and acquisitions globally, especially in India?,Ambuj: 'Decoupling' refers to a situation where another country replaces a particular country in a global and extended supply chain. 'De-globalization' would constitute a step beyond 'decoupling' where activities that are performed offshore are brought back home completely.,Tensions between the US and China have caused a major drop in cross-border M&A deals for these two countries (an almost 95 percent drop from 2016 to 2020) primarily because of geopolitical, trade, and tariff uncertainties.,On the other hand, global M&A deals were badly hit because of the Russia-Ukraine conflict. According to data provided by Reuters, the Russia-Ukraine conflict caused the value of global M&A activities to plunge 29 percent in the first quarter of 2022.,The geopolitical scenario will most probably result in a complex and disrupted global supply chain. The present conflicts such as between US and China, and Russia and Ukraine have given rise to debate about whether we are heading towards 'decoupling', which might slowly lead to 'de-globalization'.,Decoupling and de-globalization will affect the global economy adversely and could result in long-standing inflation.,So far as India is concerned, the geopolitical situation has caused unexpected price rises, disrupted supply chains, and introduced other uncertainties because of blocked inventory. This has affected major sectors such as textiles, plastics, steel, pharma, Compressed Natural Gas (CNG), etc.,Although such geopolitical situations have majorly affected M&A activity in Asia, investments in India might see a rise. Mostly, the manufacturing sector could benefit, considering how easy it is to do business and the cost-effective labor in the Indian market.,Other European countries are already considering shifting their manufacturing facilities from China to India. This is a result of the Indian government's efforts to boost foreign investments, which has made India a preferred investment destination.,Sputnik: Despite unprecedented sanctions by the West, most Asian countries, including India, have carved out a space for themselves in this crisis and are maximizing their geopolitical leverage without limiting economic opportunities. Given this backdrop, do you think Asian countries will outpace their global peers in the M&A sector?,Ambuj: India has strong business relationships with Russia, especially in the defense, oil and gas, and automotive sectors.,Because of the sanctions imposed by the West, Russia has been isolated from global financial systems and trading. Therefore, strong support and implementation of such sanctions may not be viewed as a beneficial step.,So far as opportunities are concerned, India can be seen as an alternative supplier of manufactured exports to the West. However, the preference would be given to countries belonging to the Association of Southeast Asian Nations (ASEAN), ie Taiwan, Korea and Japan. This may result in major investments in Asian countries, which may exceed the western market's M&A activities in deal volume and size.,From a cross-border M&A point of view, India remains a preferred destination with an FDI of approximately $83.57Bln and 2,064 M&A deals in the 2021-22 financial year, which puts it in top spot globally. Mauritius and Singapore remain the top investors for India, and we can see India being comfortably placed as an attractive business nation.,Sputnik: Recently, a large number of western firms have announced their intention to leave the Russian market. Has this created space for Indian firms to buy assets or to invest in Russia?,Ambuj: Yes. Judging from the silence of the Indian government on the subject of sanctions, Indian firms are keen to capitalize on the geopolitical conflict as an opportunity to invest and gain a share of the Russian market. Opportunities are available mainly in industries serving the pharmaceutical, oil and gas, and manufacturing sectors.,Furthermore, since big global companies such as Apple, fast retail and Ikea have shut or kept their operations in Russia on hold, mid-size Indian companies in the retail and fast-moving Consumer Goods (FMCG) sectors are also interested in doing business in India.,Additionally, since supply chains between Russia and -European countries are blocked, Indian suppliers are looking to initiate strong trade relations by offering undisrupted supply to Russia.,Sputnik: Reports claim that Russian businesses and other big players have been looking for ways to invest their money in Asia. What kind of investment opportunities does the Indian market offer them?,Ambuj: Unlike the UK, India does not offer any scheme like a 'Golden Visa' for Russian businessmen who can trade for their residential status in lieu of multi-million investments in the country. However, investment opportunities in India remain plentiful and attractive. As India's Prime Minister said at the World Economic Forum in Davos this year: "This is the best time to invest in India.!,Over the years, the Indo-Russian bilateral relationship has developed into a comprehensive partnership that includes cooperation in several high-technology sectors.,India and Russia have projected that bilateral trade will be worth $30Bln by 2025. This will boost the India-Russia business relationship, and many opportunities await Russian investors in India.,The key areas for Russian investments to focus on in India are telecommunications, automobiles, industrial services, oil and gas, and medical/surgical appliances.,Want to know more? Check out our Koo & Telegram accounts!,Koo: https://www.kooapp.com/profile/sputniknews,Sputnik India: https://t.me/sputniknewsindia。因为"死"不起。为啥“死”不起？不妨先【>>>点击这里注册账号<<<】，花一两分钟完成注册后，我们再接着聊——当年我们对“死”这个字，到底有多深的执念。图片1.jpg 网金的阵亡惩罚狠到离谱。死一次，你身上最高的那一门武功掉一级——那是多个夜晚消耗点卡熬出来的，装备道具全部落地，变成一堆骨骸躺在原地，你人已经在城里复活了，还得玩命跑回去捡自己。捡不回来，毛都不剩。图片2.jpg 后来出了个道具叫替身娃娃，能替你免除一次阵亡惩罚。可那东西金贵的狠，而且只有特定的点卡里面赠送，就算有了娃娃也不舍得用，Alt+F4按得比谁都快——这叫网金人的生存本能。网金的出招机制是这样的：挥一次手会造成两段伤害，对方手刚抬起来，你的血就已经在掉了。

三 | 血扛不住那半招，你连挣扎的动作都没有，直接原地躺成白骨——中间没有任何的过度画面，非常直接干脆，所以老玩家管这叫"小手一挥，白骨一堆"。手起，刀未落，人已经是地上的一堆骨头了。"秒杀"这个词，早期就是这么来的。后来传遍所有网游，传进商场，传进直播间，传成了今天的日常用语图片3.jpg 那阵子网吧里最热闹的声音，夺命连环三仙剑VS绕指柔剑，初期打得最凶的一对冤家。两边弟子见面就红眼，华山清场，马洞乱斗，谁也不服谁。论坛上、网吧里、到处是争这两门武功谁更强的人。报出"三仙大战绕指柔"这七个字，就知道你是哪个时代的人。图片4.gif 还有一个初期从网金开始兴起的词汇——传音入密。传音入密是聊天系统里的悄悄话，全服务器只有对话的两个人能看见。

四 | "有事密我"这四个字，后来跟着网金玩家流散进整个中文互联网，直到今天还有人打"有事M我"。可没几个人知道，这个M，最早期是从金庸的江湖里走出来的。说回我们自己。那会儿家里上网还是拨号，电话线上接个盒子，大家都管那盒子叫"猫"。猫一"叫"，电话就占线打不通了，所以在家上网得挑时候。要是真想痛痛快快玩一场，还得去网吧。那阵子你随便进哪家网吧，不用看招牌，扫一眼屏幕就知道——一排机器，十有八九跑的都是这一个游戏。金庸十四部书翻烂了的一代人，终于等来一个能自己走进去的世界。拜山门，学武功，出了门就是恩怨。图片5.png 在网金的世界每个人都有另一个身份。白天趴在课桌上睡觉的，晚上可能是帮主；被老师罚站的那位，可能是全服务器排得上号的高手。ID一亮，半个网吧的人都要回头看一眼。那时候的我们都是学生，也没什么钱。想充点卡要省好几顿早饭钱，去买个点卡要骑车到指定的报刊亭才能买得到，后来报刊亭老板都混熟了，不用开口，他直接从抽屉里掏出来点卡拍在柜台上。带礼包的那种是真贵，摸摸口袋，还是只买得起最普通的一档。