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.