CHINAEUROPE AFRICAASIA 中文双语Français
Business\Economy

China mulls blacklist system for outbound investments

By Dai Tian | chinadaily.com.cn | Updated: 2017-03-05 11:32

The country’s top economic planner vows to draw up a blacklist to ensure the authenticity of outbound investment and fend off risks from "its rising excessively fast".

The National Development and Reform Commission (NDRC) will introduce a system of capital contribution requirements for State-owned enterprises' outbound investment and provide guidance to ensure Chinese businesses going global in a well-regulated and orderly manner, according to a document.

The document, named "report on the implementation of the 2016 plan for national economic and social development and on the 2017 draft plan for national economic and social development" was issued by the NDRC on Sunday.

The move comes as China's outbound investment surged to a record high last year. The outbound mergers and acquisitions jumped 2.46 times in value to $221 billion, according to industry reports.

 

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US