ANNOUNCED AS TEMPORARYNo
Controls on commercial transactions and investment instruments
On 10 April 2014, the National Development and Reform Commission released the Administrative Measures on Approval and Filing of Overseas Investment Projects ('Measures') , providing further facilitation for overseas investments.
In accordance with these Measures, overseas investment projects with Chinese parties investment amounting for more than 1 billion USD are subject to NDRC's approval. Before the adoption of these Measures, overseas investment projects with the Chinese party's investment amounting for more than 300 million USD in the natural resource development industry or 100 million USD in other industries had been subject to NDRC's approval.
As a result, these Measures will provided facilitations for most of Chinese enterprises' overseas investments.
On 16 May, 2014, the NDRC released the Notice on Implementation Guidance of Administrative Measures on Approval and Filing of Overseas Investment Projects, setting out detailed rules for filing and approval.
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