China relaxes outbound direct investment rules
20 June 2014
In order to promote outbound investments of Chinese companies, the National Development and Reform Commission (NDRC) issued the Administrative Measures on Approval and Filing of Outbound Investment Projects (New Measures) in April 2014. The New Measures took effect on 8 May 2014 and replaced the old rules, the Interim Administrative Measures on the Approval of Outbound Investment Projects (2004) (Old Measures). This briefing examines how the New Measures have relaxed the regulatory authority of NDRC which will provide a more favourable environment for outbound investments.