ANNOUNCEMENT 08 Apr 2014

In April 2014, the government of China announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising

SOURCE



NDRC Order No.8/2014 (in English)
http://en.pkulaw.cn/display.aspx?cgid=223005&lib=law


Inception date: 08 May 2014 | Removal date: open ended

Controls on commercial transactions and investment instruments

 On 8 April 2014, the NDRC issued Order No.8/2014 introducing new restrictions for overseas investments by Chinese companies.
Similar to the NDRC order no.12/2014 (cf. Related Measures), Chinese entities willing to invest abroad will require an approval from the NDRC or the provincial governments depending on the size of their investment, the sector and countries invested in. Investments undertaken in "sensitive industries" will additionally require an opinion from the NRDC. These industries include "basic telecommunication operation, development and utilization of cross-border water resources, large-scale land development, electric mains, power grids, news media, and other industries".
Furthermore, they shall submit regular reports on the state of their investments.
The order came into force on 8 May 2014.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A