ANNOUNCED AS TEMPORARYNo
Controls on commercial transactions and investment instruments
On 31 October 2014, the Chinese State Council published a Circular on Promulgating the Catalogue of Investment Projects subject to the government's approval.
According to the circular, domestic companies establishing a subsidiary abroad, will no longer require an approval from the Ministry of Commerce/provincial government and will no longer have to file their plans with the Ministry.
Previously, investments in sensitive regions or sensitive industries required an approval from the Ministry. Furthermore, investments mady by the central management of entreprises were obliged to receive an approval from the Ministry of Commerce; whereas investments conducted by local management required approval from provincial government.
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