China Publishes Guidelines on Overseas Investments
On 4 August 2017, the State Council issued a notice by the NDRC, MOFCOM, MOFA, and PBoC on further guidance and regulation of overseas investment. The notice contains guiding principles for outbound foreign investment and lists fields in which outbound investment is encouraged, limited or prohibited. According to the document, China encourages domestic enterprises to make foreign investment in upgrading national research and manufacturing industries and the energy sector. Moreover, it will support those firms in joining the construction of projects in the “Belt and Road Initiative”. Overseas investments against the peaceful development, win-win cooperation, and China's macro control policies will be restricted and overseas investment that may jeopardize China's national interests and security will be prohibited.
Type: Entry and establishment (Other)
Industry: Not industry specific
- Reuters, No gambling, sex please: China widens crackdown on overseas deals, Aug 19, 2017
- THE STATE COUNCIL THE PEOPLE'S REPUBLIC OF CHINA, 国务院办公厅转发国家发展改革委商务部 人民银行外交部关于进一步引导和规范境外 投资方向指导意见的通知, Aug 18, 2017
- THE STATE COUNCIL THE PEOPLE'S REPUBLIC OF CHINA, State Council issues guideline on overseas investment, Aug 18, 2017