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BEIJING (Reuters) – China published measures on Friday aimed at promoting overseas investment in its technology sector, in a latest bid to attract foreign investors amid signs some are considering shifting away from the world’s second-largest economy.<\/p>\n
China will support overseas institutions to issue yuan bonds in the country, and also encourage tech companies, including foreign-invested ones, to raise money via bond issuance, the commerce ministry said in a statement.<\/p>\n
The government will also facilitate foreign investment in Chinese tech firms via an inbound investment scheme, QFLP, and will “efficiently” approve applications for licences under QFII and RQFII – programmes that allow foreign investment in Chinese stocks and bonds.<\/p>\n
The ministry added that China would relax restrictions on foreign strategic investments in Chinese listed firms.<\/p>\n
The measures come as China strives to shore up confidence among overseas investors amid a slowing economy and geopolitical tensions.<\/p>\n
Chinese President Xi Jinping has also called for an unleashing of “new productive forces”, underscoring the urgency for “quality” growth through technological breakthroughs and innovation.<\/p>\n
The measures were jointly published by 10 government agencies that also include the central bank and China’s securities and forex regulators.<\/p>\n
(Reporting by Ethan Wang, Samuel Shen, Ella Cao and Ryan Woo; Editing by Jan Harvey and Mark Potter)<\/p>\n<\/div>\n