Dubious overseas investors face blacklisting, economic regulator says

China will blacklist enterprises violating overseas investment rules as the country strengthens efforts to curb what has been some irrational and unauthentic offshore buying activities, according to a senior official of the nation's top economic regulator, who has firsthand knowledge of the matter.

Blacklisted enterprises will not be banned from making overseas investments, but will be punished as they become "discreditable" to regulators, according to Zhang Huanteng, a senior official with the National Development and Reform Commission, the agency in charge of approving enterprises' outbound investments.

Information regarding what types of enterprises will be blacklisted and how they will be punished is expected to be released to the public next month, Zhang said.