China's Commerce minister called for clearer guidelines from the United States on its security review procedures for foreign investment, while saying that China does not target specific countries for overseas investment.China is studying the procedures of the Committee on Foreign Investment in the United States, or CFIUS, as it sets in motion its own security review, Chen Deming told reporters on Friday at a briefing at China's annual parliament session.China, the world's fifth-largest source of outbound investment, regularly complains that the U.S. blocks access to plum investment prospects on national security grounds.China's largest-ever foreign takeover, the $15.1 billion purchase of Canadian oil firm Nexen Inc by state-owned oil company CNOOC Ltd. in February cleared a CFIUS review, its last regulatory hurdle.
CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company. Shares of CEO traded higher by 1.45% or $2.77/share to $193.27. In the past year, the shares have traded as low as $171.58 and as high as $226.77. On average, 76658 shares of CEO exchange hands on a given day and today's volume is recorded at 78859.
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