Investments overseas get closer look

Screening to preserve 'going out' policy while halting improper flows of money

China will tighten screening of overseas investment projects amid growing concern about capital outflows and acquisition risks, officials said on Monday.

Officials from the People's Bank of China, the National Development and Reform Commission and two other government branches said the country will promote the healthy development of outbound investment through measures such as "verification" of the overseas investments of some companies in accordance with rules.