China: Supervision and management of State-owned enterprises’ investments abroad
From 18 March 2012 China strengthens the supervision and management of State-owned enterprises’ investments abroad. The Interim Measures apply to investments made outside mainland China by enterprises in which the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a capital contributor, and to their wholly-owned or controlled subsidiaries.
The measure states that the State-owned enterprises should, inter alia, establish outward investment management systems, report their annual investment plans to SASAC and obtain SASAC authorization for investments in fields outside their core industries.
Any Evidence-Based Deliberation:
|Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations?|
|Is there any evidence that alternatives to the proposed measure were considered?|
|Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government?|
|Was such evidence identified?|
|Is such evidence publicly available?|
|Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives?|
|Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken?|
|Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory?|
|Did the government state its intention to review the measure within one year of implementation?|
Date of inception: 18 Mar 2012
GTA Evaluation: Red
"Interim Measures for the supervision and management of central enterprises' overseas investment", The State-owned Assets Supervision and Administration Commission of the State Council, 18 March 2012.