The Development And Reform Commission Promulgates A New Method Of Overseas Investment, And A Record System Will Be Implemented Below 1 Billion Dollars.

< p > < < a href= > //www.sjfzxm.com > > the NDRC < /a > has recently promulgated the "overseas investment project approval and filing management measures". According to this method, China invested more than US $1 billion and above, involving items in sensitive countries and regions, sensitive industries, and is still approved by the Investment Department of the State Council.

In addition, the central management enterprise investment projects and local enterprises invest more than US $300 million or above to the national development and Reform Commission for record.

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< p > according to the relevant person in charge of the national development and Reform Commission, compared with the old methods, the new method has greatly improved the approval authority of < a href= "//www.sjfzxm.com/news/index_cj.asp" > overseas investment < /a > project, and reduced the scope of approval.

According to the list of investment projects approved by the government (2013 Edition), overseas investment projects no longer distinguish between resources and non resources categories. In addition to projects involving sensitive countries or regions and sensitive industries, the approved authority of the NDRC is invested by US $300 million from the resource development class, and China's investment from non resource development category is more than US $100 million and above. The investment mentioned by China is more than 1 billion US dollars and above. China's investment of under 1 billion dollars will be put on record.

The approved scope stipulated by the original method includes all investment projects carried out by overseas legal entities through overseas holding enterprises or institutions, and the new method stipulates that reinvested projects carried out by overseas Chinese enterprises which have been established outside China, if there is no need for domestic investment entities to provide financing or guarantee, no longer require approval or filing.

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< p > in addition, < a href= "//www.sjfzxm.com/news/index_q.asp" > new method < /a > simplifying procedures and defining time limits, so as to raise the level of standardization and facilitation of overseas investment projects approval and filing.

On the basis of pilot projects for simplifying overseas investment projects approved by provinces and municipalities in November 2012, the new method clearly stated that local enterprises should submit project application reports directly to local provincial development and reform departments for approval of projects approved by the commission or by the State Development and Reform Commission, and submitted to the National Development and Reform Commission for approval after putting forward audit opinions by the provincial development and reform departments, and no longer require local enterprises to declare in accordance with county, city and province levels.

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