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China promotes healthy development of outbound investment

Xinhua | Updated: 2016-11-28 09:51

BEIJING - China reiterated Monday that it will stick to its opening up policy and "going out" strategies, facilitating investment abroad while guarding against risks, according to a government statement.

The nation will adhere to outbound investment management policies that allow enterprises to be the principal subjects, follow market principles, conform to international practices and follow the government's direction, said the statement.

The record-filing system will be the main means of managing outbound investment and authorities will verify some enterprises' outbound investment projects in accordance with relevant regulations, said the statement.

Outbound investment has grown quickly in recent years and played an important role in deepening mutually beneficial cooperation between China and other countries as well as promoting the restructuring of the domestic economy, said the statement.

The nation's outbound investment policies and management principles are clear with the aim of promoting healthy and sustainable development of outbound investment, realizing mutual benefits and achieving common development, according to the statement.

The statement was jointly released by the National Development and Reform Commission (NDRC), Ministry of Commerce, the People's Bank of China and the State Administration of Foreign Exchange (SAFE).

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