29 January 2020

NDRC set to relax overseas investment rules, paper says

The National Development and Reform Commission is set to relax restrictions for companies seeking to invest overseas, the Economic Information Daily reported Wednesday, citing authoritative sources. Under the new arrangement, which is likely to take effect later this month, overseas investment above US$300 million and under US$1 billion will no longer require administrative approvals from the State Council, and only need to be filed for the record, the report said. China’s direct investments in non-financial projects overseas reached US$80.24 billion in January to November 2013, benefiting 4,522 companies in 156 countries, data from the Ministry of Commerce showed.

– Contact HKEJ at [email protected]