Circular of the General Office of the State Council on Forwarding the Guiding Opinions of the National Development and Reform Commission, the Ministry of Commerce, the People's Bank of China and the Ministry of Foreign Affairs on Further Guiding and Regulating the Outbound Investment Direction
Circular of the General Office of the State Council on Forwarding the Guiding Opinions of the National Development and Reform Commission, the Ministry of Commerce, the People's Bank of China and the Ministry of Foreign Affairs on Further Guiding and Regulating the Outbound Investment Direction
Circular of the General Office of the State Council on Forwarding the Guiding Opinions of the National Development and Reform Commission, the Ministry of Commerce, the People's Bank of China and the Ministry of Foreign Affairs on Further Guiding and Regulating the Outbound Investment Direction
Guo Ban Fa [2017] No.74
August 4, 2017
People's governments of all provinces, autonomous regions and municipalities directly under the Central Government, all ministries and commissions under the State Council, and all departments directly under the State Council,
The Guiding Opinions of the National Development and Reform Commission, the Ministry of Commerce, the People's Bank of China and the Ministry of Foreign Affairs on Further Guiding and Regulating the Outbound Investment Direction have been approved by the State Council, and are hereby forwarded to you for your earnest implementation and enforcement.
Guiding Opinions on Further Guiding and Regulating the Outbound Investment Direction
National Development and Reform Commission, Ministry of Commerce, People's Bank of China and Ministry of Foreign Affairs
Recent years have witnessed a notably faster pace of China's enterprises to make investment abroad, and also a dramatical growth in investment size and returns. This is instrumental in helping relevant products, technologies and services go abroad, facilitating the transformation and upgrading of the national economy, having deeper collaboration with relevant countries for the sake of mutual benefits, and promoting the Belt and Road Initiative and making international industrial-capacity cooperation. At present, domestic and international conditions are undergoing profound changes, bringing golden opportunities for Chinese enterprises to invest overseas on the one hand but also making them confronted with a series of risks and challenges on the other. To give better guidance for outbound investment at the macro level, further guide and regulate the outbound investment direction, press ahead the development of outbound investment in a sustainable, reasonable, orderly and sound manner, effectively guard against diverse risks, and better adapt to demands of the national economic and social development, the guidelines are put forward as follows:
I. Guiding Thoughts
Implement fully the guidelines from the 18th National Congress of the Communist Party of China ("CPC") and those of the third through sixth plenary sessions of the 18th CPC Central Committee, put into practice the principles from General Secretary Xi Jinping's major addresses and his new vision, thinking, and strategies for China's governance, earnestly put in place decisions and arrangements made by the CPC Central Committee and the State Council, promote balanced "economic, political, cultural, social, and ecological" progress and coordinated implementation of the Four-Pronged Comprehensive Strategy, adhere to the people-oriented development ideology, remain committed to the underlying principle of making progress while keeping performance stable, gain a strong understanding of and put into practice the new development philosophy of innovation, coordination, green, opening-up and sharing, resolutely pursue the opening-up strategy for the sake of mutual benefits and win-win results, constantly create an opening-up landscape that is more comprehensive, deeper and more diversified, and deepen the reform of outbound investment systems and mechanisms focusing on the supply-side structure reform and led by the Belt and Road Initiative, with a view to further guiding and regulating enterprises' direction in outbound investment, enabling enterprises to carry out investment activities abroad in a reasonable and orderly manner, guarding against and dealing with risks arising in outbound investment, driving ahead the sustainable and sound development of outbound investment, and ultimately achieving mutual benefits, win-win results and joint development together with investment destinations.
II.
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