Outbound investment curbs to be relaxed
By Zhao Yinan | China Daily | Updated: 2014-12-25 07:34
Fundraising to be easier for businesses planning to set up overseas operations
China is to ease restrictions on outbound investments to sharpen the edge of Chinese companies overseas as the world's largest commodity exporter transforms into a net capital exporter.
A State Council executive meeting presided over by Premier Li Keqiang decided on Wednesday to streamline procedures for domestic companies to launch overseas listings, mergers and bank openings.
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