In their China Newsletter, our colleagues in Shanghai, George Qi and Dawn Zhang, discuss China’s recent outbound investment initiatives.
In “China Encourages Private Outbound Investment,” the authors review the Circular on Printing and Distributing the Opinions of Encouraging and Guiding Private Enterprises to Actively Engage in Outbound Investment. Issued jointly by 13 ministries and commissions, the circular is focused on boosting outbound investment by private enterprises. Various government departments and agencies, including banks, foreign exchange authorities, and tax and customs bureaus are called on to strengthen their support for outbound investment by domestic private enterprises.
A second article, “China Seeks Opinions on Outbound Investment and Foreign Investment Approval Measures,” reviews two policies — the Measures for the Administration of Verification and Approval of the Outbound Investment Projects (Draft for Comments) and the Measures for the Administration of Verification and Approval of Foreign Investment Projects (Draft for Comments) — issued by the National Development and Reform Commission (NDRC) aimed at clarifying the requirements and approval processes for resource and non-resource development projects.©2013 Greenberg Traurig, LLP. All rights reserved.