Date
23 November 2017

Govt aims to ease approvals for overseas investment, Xinhua says

Chinese authorities will adopt a market-driven approach to facilitate overseas investments by domestic companies, through initiatives such as minimizing administrative approvals and replacing them with a filing system, Xinhua news agency reported Tuesday, citing Zhang Xiaoqiang, vice director of the National Development and Reform Commission. For the ten months to October, non-financial overseas investments from China stood at US$69.5 billion yuan, up 19.6 percent from the corresponding period last year. It is expected that overseas investment will hit a new high this year, the report said.

– Contact HKEJ at [email protected]

EL/AC/RC

 

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