MOFCOM Amended the Administrative Measures for Outbound Investment

23/09/2014

Recently Ministry of Commerce (“MOFCOM”) published the newly amended Administrative Measures for Outbound Investment (“Measures”) which will come into effect on October 6, 2014. The Measures aims to reduce administrative burden of outbound investments by dividing outbound investments into two categories: normal outbound investments and outbound investments in sensitive countries or sensitive industries. For normal outbound investments not conducted by SOEs, companies only need to file with provincial level offices of MOFCOM.

The streamlined approval and filing procedures of the new MOFCOM Measures will provide additional impetus to China’s already robust outbound investment.

(Source: www.mofcom.gov.cn)

 


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