ກົດໝາຍ, ນະໂຍບາຍ ແລະ ຄຳແນະນຳ

Code of Conduct for the Operation of Overseas Investments by Private Enterprises

Scope of Application

Specific guidelines and principles for overseas activities implemented by private-owned enterprises (POEs).

Purpose

Offers detailed guidance to regulate, enhance, and promote the overseas investment and operation of POEs.

General Key Points

Developers and Contractors that are POEs should:

  • Abide by Chinese and host country laws and regulations, relevant treaty provisions, and other international practices.
  • Adhere to fair competition in overseas investment and operation.
  • Not bribe local public officials, officials of international organizations, and staff of affiliated companies.
  • Implement host countries' standards and regulations on project management.
  • Use international standards if host countries' laws and regulations are inadequate.

 

Developers and Contractors that are POEs must:

  • Apply for relevant permits for construction in accordance with host countries' environmental protection laws and regulations.
Key Points on Stakeholder Engagement

Developers and Contractors that are POEs should:

  • Embrace the principles of peaceful cooperation, openness, tolerance, mutual learning, and mutual benefits when engaging with relevant institutions and companies in host countries. 
  • Disclose information about social responsibilities and performance in a timely manner. 
  • Create job opportunities in project areas and hire local workers in accordance with host countries' laws and regulations.
  • Respect local culture, religion, and customs. 
  • Carry out cultural exchanges with host countries.
  • Strengthen communication and exchanges with local trade union organizations, the media, religious figures, ethnic leaders, civil society organizations (CSOs)/nongovernmental organizations (NGOs), and other sectors of society.
  • Actively support local public welfare in areas such as education, health, and community development.
Key Points on Environmental and Social Impact Assessment

Developers and Contractors that are POEs should:

  • Regularly issue social responsibility or sustainable development reports.
  • Evaluate proposed sites and conduct environmental impact assessments (EIAs) before construction begins.
Applies to
Global
Date
December 2017
Issuer(s)
National Development and Reform Commission (NDRC), Ministry of Commerce (MOFCOM), People's Bank of China (PBOC), Ministry of Foreign Affairs (MFA), and All-China Federation of Industry and Commerce
Link to Full Version(s)

English/Chinese