China’s NDRC to Simplify Outbound Investment Rules
China’s NDRC to Simplify Outbound Investment Rules
China’s National Development and Reform Commission (the NDRC), the principal regulator of Chinese outbound investments, has published proposed amendments to its outbound investment regulations aimed at simplifying and speeding up the process.
The move comes as Chinese companies continue to invest heavily overseas. In the first quarter of 2016, Chinese buyers announced 115 outbound M&A deals with a total value of US$82.6 billion, surpassing all previous annual figures, according to a report published by Price Waterhouse Coopers. The largest deal announced worldwide of the first quarter was the US$43 billion acquisition of Swiss seed and pesticide company, Syngenta, by state-owned conglomerate China National Chemical Corporation. If successful, this will be the largest ever Chinese overseas acquisition. Read more