With the growth of the Chinese economy, as well as China’s so-called going abroad strategy, investing abroad is becoming a hot topic these days. The PRC aims to find an outlet for its abundant foreign exchange reserves, and this trend is reflected by new legislation on Chinese overseas investment.
This new legislation creates more flexibility for Chinese enterprises and makes investment abroad easier. On the other hand, new rules on overseas investment reflect concerns of the Chinese legislators in regards to risk control.
Here are some highlights of the new regulations on Chinese overseas investment:
1. New legislation
Recently promulgated legislation includes the following rules:
Measures for the Administration of Outbound Investment (境外投资管理办法), promulgated by the Ministry of Commerce (Mofcom) on March 16 2009 (Investment Measures);
Notice on Relevant Issues Concerning Improving the Administration of Outbound Investment Projects issued by the National...
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