According to the latest news from the Ministry of Commerce (MOFCOM) of PRC, the government has enacted new amendments to the Measures for Administration of Chinese Outbound Investment on 9 September 2014. The new measures will put an emphasis on a Filing Focused Administration System and use the Approval Based System as supplement to simplify outbound investment process to the greatest extent.
According to the new measures, approval will be only required for non-financial sector investments involving a sensitive country, region or industries. Such sensitive countries or regions include countries that have not established diplomatic ties with China and those countries under the United Nations sanctions. Such sensitive industries are related to China export restricted products and skills or those industries that will impact a region or country’s interest. Other outbound investments are only subject to filing with MOFCOM or its local counterparts, depending on the nature of the outbound investment.
The MOFCOM also released its latest figures, in 2013, the flow of outbound investment reached a new high record of $US 107.84 billion, an increase of 22.8% from past year. China also has consecutively ranked as top 3 outbound investment countries for two years.
The new measures canceled approval requirements for specific size and special purpose outbound investments and will shorten 5 working days for the approval process. For state owned enterprises, the approval decision needs to be made within 20 working days. For local enterprises, the decision making time is within 30 working days.
The new measures clarified the Filing requirements and procedures. If enterprises can prepare the filing application form fully and truthfully, they can easily obtain the filing confirmation within 3 working days.
In order to facilitate and allow more outbound investment, the new measures will become effective on 6 October 2014.
中国商务部在9月9日新修订出台《境外投资管理办法》，对外投资将实行“备案为主、核准为辅”的管理模式，并最大限度地缩小核准范围。
《办法》规定，国内企业在境外投资开办除金融企业之外的企业事项，涉及敏感国家和地区、敏感行业的，由商务部核准；其中，实行核准管理的国家包括与我国未建交的国家、受联合国制裁的国家; 实行核准管理的行业包括出口我国限制出口的产品和技术的行业、影响一国（地区）以上利益的行业。其他情形的，中央管理企业报商务部备案，地方企业报省级政府备案。
商务部最新发布的数据显示，2013年我国对外直接投资流量创下1078.4亿美元的历史新高，同比增长22.8%，连续两年位列全球三大对外投资国。
《办法》取消了对特定金额以上境外投资、在境外设立特殊目的公司实行核准的要求，将核准时限缩短了5个工作日。其中，对中央企业的核准，将在20个工作日内做出决定；对地方企业的核准，将在30个工作日内做出决定。
《办法》明确了备案的要求和程序。企业只要如实、完整地填报《备案表》，即可在3个工作日内获得备案。
为了促进和允许更多的境外投资，新的《境外投资管理办法》会于2014年10月6日开始执行。
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