China to revise regulations for outbound investment

BEIJING, Aug 21 (Reuters) - ‌China will ​revise ​measures for managing outbound investment to better protect investors' rights and assets and fend ‌off risks overseas, the National Development and ⁠Reform Commission (NDRC) said on Friday.

The state planner released a draft ‌of the revised rules ‌and is seeking public comments until September 20.

The revised regulations would cover outbound investments by ​companies, other organisations and individuals, expanding from existing rules, which came into effect in ⁠2018 and applied to companies' and non-corporate organisations' investment.

The revisions are in ​line with the policies of the central government, the planner said, noting that the ​State Council, China's cabinet, issued ‌new rules for outbound investment in June.

Under the NDRC's revised measures, China ⁠will improve a reporting system for "major adverse events", citing cases where countries or regions adopted "discriminatory" measures and ⁠demanded Chinese entities provide technology or data or dispose of ​equity or assets.

China would also set up a preliminary work reporting system for large-scale projects that concern Beijing's diplomatic ‌relations with other countries, the NDRC said.

The revised rules will also step ‌up protection for investors against risks such as ⁠political instability in ‌some countries, it ​said.

(Reporting by Qiaoyi Li, Yukun Zhang and Ryan Woo; Editing by Alison Williams, Elaine ‌Hardcastle)

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