USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

China mulls to relax control over foreign strategic investment

Xinhua | Updated: 2018-07-31 11:05
[Photo/IC]

BEIJING - China's Ministry of Commerce (MOC) on Monday asked for the public's opinion on a revised measure concerning foreign investors making strategic investments in Chinese listed companies.

"The A shares acquired by foreign investors through strategic investment are not tradable for 12 months," according to the revision on the ministry's website.

Currently, working regulations stipulate that such shares are not tradable for three years. The new rule shows the country's intention to relax its grip over foreign strategic investment.

The revision also loosens control over the requirements for foreign investors, saying that to make strategic investments in Chinese listed firms, a foreign company must own actual overseas assets of no less than $50 million or manage actual overseas assets of no less than $300 million.

Under current rules, a foreign firm must own assets of no less than $100 million or manage assets of no less than $500 million.

The revision was made to "expand the channels of using foreign investment and promote the healthy development of China's securities market," the MOC said.

The public is welcome to make suggestions on the draft revision before Aug 29, 2018, via email, fax, letters or by visiting the ministry's website.

As China marks the 40th anniversary of the reform and opening-up policy this year, it has taken a series of measures to expand its opening-up to the outside world.

A month ago, the country unveiled a shortened negative list for foreign investment, with the number of items in it down to 48 from 63 in the previous version.

Top
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US