State-owned Assets Supervision and Administration Commission of the State Council, Measures for Regulation of the Overseas Investments of Enterprises under the Central Government

国务院国有资产监督管理委员会中央企业境外投资监督管理办法

February 21, 2017 | BY

Susan Mok &clp articles

SOEs encouraged to engage foreign intermediaries for outbound investment consulting.

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Promulgated: January 7 2017

Effective: as of date of promulgation

Main contents: With respect to a new overseas investment project, the professional services of domestic and foreign intermediary firms shall be taken full advantage of so as to carry out extensive feasibility study and argumentation in terms of technology, market, finances, legal matters, etc. For equity investment projects, the necessary due diligence shall be carried out and the asset appraisal or valuation procedure shall be carried out as required (Article 13).

For the overseas investment projects of enterprises under the central government, state-owned capital investment or operating companies, as