Friday, 26 September 2014

China Updates- Outbound Investment

On 6th September, 2014, the Ministry of Commerce (MOFCOM) issued the final version of the Administrative Measires for Overseas Investment (the "MOFCOM Outbound Measures"). These and the National Development Reform Commission's (NDRC) own Outbound Measures, issued earlier in the year, are intended to reduce red tape over outbound investments by delegating approvals to NOFCOM's and NDRC's local (provincial/ state) offices. The effective date is 6th October, 2014.

Primasia Corporate Services Ltd.'s business matching service aims to match Chinese companies seeking to invest overseas with suitable foreign business owners. Such outboung investments are subject to approval (or filing procedures) with the NDRC and MOFCOM before the investment can be made. Considerations include (for NDRC) whether a project is in line with China's industrail policies and whether the investor has the financial strength to carry out the project, MOFCOM has authority to review all cross-border enterprise-formation matters.

Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

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Primasia Corporate Services Limited
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