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BEIJING, Aug 21 (Reuters) – China will revise measures for managing outbound investment to better protect investors’ \u200crights and assets and fend off risks \u200coverseas, the National Development and Reform Commission (NDRC) said on Friday. <\/p>\n
The state \u200bplanner released a draft of the revised rules and is seeking public comments until September 20. <\/p>\n
The revised regulations would cover outbound investments by companies, other \u200corganisations and individuals, expanding \u2060from existing rules, which came into effect in 2018 and applied to companies’ \u2060and non-corporate organisations’ investment. <\/p>\n
The revisions are in line with the policies of the central government, the planner said, \u200bnoting that \u200bthe State Council, China’s \u200bcabinet, issued new rules \u200cfor outbound investment in June. <\/p>\n
Under the NDRC’s revised measures, China will improve a reporting system for “major adverse events”, citing cases where countries or regions adopted “discriminatory” measures and demanded Chinese entities provide technology or \u200cdata or dispose of equity \u200bor assets. <\/p>\n
China would also set \u200bup a preliminary \u200bwork reporting system for large-scale projects that \u200cconcern Beijing’s diplomatic relations with \u200bother countries, \u200bthe NDRC said. <\/p>\n
The revised rules will also step up protection for investors against risks such \u200bas political instability \u200cin some countries, it said. <\/p>\n
(Reporting by Qiaoyi \u200bLi, Yukun Zhang and Ryan Woo; Editing by \u200bAlison Williams, Elaine Hardcastle) <\/p>\n<\/p><\/div>\n