Administrative Measures on Outbound Investment
Scope of Application
Measures for the Ministry of Commerce (MOFCOM) and provincial commerce departments, as well as developers and contractors operating overseas.
Purpose
Offers measures for approval and regulation of companies’ proposals for overseas investment and activities.
General Key Points
Financiers should:
- Require developers and contractors to protect the environment.
Developers and Contractors should not:
- Harm China’s national sovereignty, security, and public interests.
- Violate Chinese laws and regulations.
- Harm China’s diplomatic relations with host countries.
- Violate international treaties or agreements that China has concluded or joined.
Key Points on Stakeholder Engagement
Financiers should:
- Require developers and contractors to comply with host country laws and local customs.
- Require developers and contractors to fulfill social responsibilities and protect laborers.
- Implement staff and property safety precautions by establishing emergency warning mechanisms and contingency plans.
Developers and Contractors should:
- Respond to overseas emergencies in accordance with the direction of Chinese Embassies, Chinese Consulates, and domestic authorities.
Key Points on Environmental and Social Impact Assessment
Developers and Contractors should:
- Assess their own conditions and capacity objectively.
- Conduct in-depth research about host countries.
- Pay attention to risk prevention.