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The Administrative Measures for Outbound Investment of Enterprises to Be Implemented Since March 1 of the Next Year

¡¡¡¡National Development and Reform Commission issued the Administrative Measures for Outbound Investment of Enterprises (¡°the Measures¡±) yesterday, which will be implemented since March 1, 2018. After the Measures are implemented, the Administrative Measures for Approval and Recordation of Outbound Investment Projects will be annulled immediately.

¡¡¡¡An officer of National Development and Reform Commission introduced that the Measures, as a fundamental regulation for outbound investment management, launched eight reforms in the three aspects of ¡°releasing, controlling and service¡±.

¡¡¡¡According to the introduction, in terms of facilitating outbound investment of enterprises, the Measures provide three reforms, including cancelling project information reporting system, cancelling local preliminary examination and transferring process, and loosening the deadline requirements for approval and recordation procedure handling of investor. In terms of standardizing outbound investment of enterprises, the Measures also provide three reforms, respectively including into the management framework the outbound investment made by domestic enterprises or natural persons through overseas enterprises controlled by them, building coordinated supervision and regulation mechanism for weak processes in outbound investment control, and improving punishment actions and building violation records. In terms of serving outbound investment of enterprises, the Measures allow investors to consult government about relevant policies and information, to report problems and to bring forward opinions and suggestions, and propose to build an outbound investment management and service network system. (According to Xinhua News Agency)

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