ANNOUNCEMENT 18 Mar 2012In March 2012, the government of China announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
"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.
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.