Measures for the Administration of Overseas Investment of Enterprises
Scope of Application
Measures for overseas activities conducted by state-owned enterprises (SOEs) and overseen by the National Development and Reform Commission (NDRC) and local Development Reform Commissions (DRCs).
Purpose
Offers detailed guidance to improve the quality of projects and strengthen NDRC’s and local DRCs' processes for approving, regulating, and tracking overseas activities.
General Key Points
Developers and Contractors should:
- Not violate Chinese laws and regulations.
NDRC should:
- Establish systems for managing overseas investment and service networks.
- Work with relevant departments to formulate and improve international investment rules, special plans, and industrial policies in accordance with the needs of national economic and social development.
- Guide developers toward preventing and responding to major risks.
- Safeguard the rights and interests of Chinese companies.
Key Points on Stakeholder Engagement
Developers and Contractors should:
- Protect workers’ rights and interests.
- Respect local public order and customs.
- Perform necessary social responsibilities.
NDRC and Local DRCs could:
- Issue risk alerts to various stakeholders based on international and domestic economic and social operations, and risk statuses.
Key Points on Environmental and Social Impact Assessment
Developers and Contractors should:
- Pay attention to environmental protection.
Applies to
Global
Date
December 2017
Issuer(s)
National Development and Reform Commission (NDRC)
Links to Relevant Laws, Policies, & Guidelines