Together with the economic rise of China in recent years and its new role of a leading economic power in the world, the investment activities of Chinese companies abroad has gained tremendous importance and is an essential factor for international competitiveness. But the performance of outbound direct investments underlies an unique regulatory system according to Chinese law which is characterized by a wide range of legal provisions and a variety of different authorities. This often results in disadvantages for Chinese companies in bidding procedures compared to Western competitors.
However, the Chinese government has recognized, in recent years, the increasing importance of outbound direct investments for China's economic position, and changed the regulatory system, which existed for over 30 years, in a significant way. The purpose of this thesis lies in analyzing the current regulatory system, identifying the progress noted in comparison to the former regime, elaborating the pros and cons and giving improvements for the future.
Table of Contents
Chapter I Introduction
Chapter II The “Going Out” Strategy in Detail
2.2.1 Cross-Border Direct Investments in Renminbi
2.2.2 Cross-Border Securities Investment
Chapter III The PRC’s Regulatory Procedures for Outbound Investments
3.1 Historical Background
3.2 Reasons for the Regulation of Outbound Investments
3.3 Description of the Approval / Filing Procedures
3.3.1 State Council / National Development and Reform Commission (“NDRC”)
3.3.2 Ministry of Commerce (“MOFCOM”)
3.3.3 State Administration of Foreign Exchange (“SAFE”)
3.3.4 State-Owned Assets Supervision and Administration Commission (“SASAC”)
3.3.5 China Securities Regulatory Commission (“CSRC”)
3.3.6 Rules on Outbound Direct Investment for Natural Persons
3.3.7 Further Provisions / Industry-Specific Rules for Outbound Direct Investment
Chapter IV Pros and Cons of the Chinese Regulatory System
Chapter V Summary and Conclusion
Annex 1
Annex 2
Annex 3
Annex 4
Abbreviations
-
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X. -
Upload your own papers! Earn money and win an iPhone X.