China on Thursday unveiled administrative rules for outbound investment in an effort to prevent risks and ensure the sound development of investment.
Outbound investment projects worth at least $300 million or those in "sensitive countries and regions" or "sensitive industries" will be the focus of regulatory supervision and examination, according to the plan posted on the Ministry of Commerce (MOFCOM)'s website.
Investment projects that have recorded huge losses will also be put under scrutiny, according to the plan.
Before making outbound investments, Chinese companies will be required to provide regulators with information such as project details and investment risk assessments in order to get registration or approval.
China's non-financial outbound direct investment in 2017 fell 29.4 percent on year-on-year basis to $120 billion, the MOFCOM said on January 16.
Source: GlobalTimes
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