China issues guidelines for overseas investment

China's Ministry of Commerce (MOFCOM) issued on Friday morning the guidelines for overseas investment and cooperation with countries and regions for the purpose of speeding up the "Go Abroad" strategy, facilitating the overseas investment and cooperation with Chinese enterprises.

The guidelines cover over 160 countries and regions across the world. The first batch of 20 countries is included in the guidelines issued today, and China will release the guidelines for some of the rest at the end of June.

It is the first time that China has issued such guidelines, which will help businesses seize investment opportunities, reduce decision-making blindness, avoide the risk involved in overseas investment and cooperation. The guidelines have the following four characteristics:

Firstly, the guidelines not only introduce investment-related information about the countries and regions, but also point out problems that Chinese businesses might encounter while giving them tips and advice on how to solve such problems.

Secondly, the guidelines are based on the laws, regulations and official statistics of the countries and regions, so they are objective in reflecting the regional situation.

Thirdly, the information in the guidelines comes from the business departments of Chinese embassies, consulates and governments departments in the countries, so it is accurate and authoritative.

Fourthly, the guidelines are time-bound and updated regularly.

Fifthly, the guidelines listed answers to frequently asked questions are businesses-friendly.

The issue of the guidelines fills the gap in the service system for overseas investment and cooperation, and provides the guide for Chinese businesses, said Wang Chao, assistant minister for the Ministry of Commerce at the guidelines issuing ceremony.

The Ministry of Commerce will continue to promote legalization and facilitation of overseas investment from Chinese businesses and improve the supervision system of overseas investment so as to crate a better development environment, said Wang.

The Ministry of Commerce issued Measures for the Overseas Investment Management last month, focusing on investment facilitation and businesses service.

Source: People's Daily Online