China’s State Council, the equivalent of the country’s cabinet, issued new rules on overseas investment on Friday, August 18th, which restrict investment in real estate, hotels and other sectors.
In the document, the top level central government body divides potential investment sectors and locations into “encouraged,” “limited” and “prohibited” categories, and directs ministries and local governments to scrutinise and control all outbound investments in accordance with the guidelines.
The original document, in Chinese, is available here.
To help readers better understand the new rules, Mingtiandi provides the following English translation. For readers behind China’s Great Firewall, the translation can be downloaded directly from Mingtiandi. An explanation of the rules, and the background for their adoption, can be found here.