|
|
|
Measures for the Administration of Overseas Investment of Enterprises Issued
|
|
Chinese
|
|
Category：Legislative Updates
|
|
Subject：Legal system
|
|
Keywords：overseas investment of enterprises; administrative measures; issue
|
|
Source：Pkulaw
|
|
Publish Date：01-03-2018
|
|
|
Recently, the National Development and Reform Commission (NDRC) issued the Measures for the Administration of Overseas Investment of enterprises, effective from March 1, 2018, upon which the Measures for the Administration of the Confirmation and Recordation of Overseas Investment Projects will be repealed.
The new Measures remove the project information reporting system, cancel the local preliminary review and relay, relax the deadlines for investors to undergo confirmation or recordation formalities to facilitate overseas investment of enterprises.The new Measures include overseas investment made by domestic enterprises and natural persons through overseas enterprises controlled by them in the administrative framework, set up a collaborative supervision and administration mechanism targeting weaknesses in overseas investment supervision and administration, improve punishment measures, and establish records of violations of laws and regulations in overseas investment to regulate overseas investment. As to overseas investment services for enterprises, the new Measures allow investors to consult the NDRC on overseas investment policies and for relevant information and report their concerns and problems and submit their opinions and recommendations to NDRC, and require the launch of an overseas investment management and service network system.
|
