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Report

30 May 2018

Author:
Paulina Garzón, IISCAL,
Author:
Paulina Garzón, IISCAL,
Author:
Paulina Garzón, IISCAL,
Author:
Paulina Garzón, IISCAL

A new wave of official guidelines for Chinese investments overseas

Since China launched its “Going global” strategy in 2000, several governmental agencies in Chine issued a series of measures to promote and support the export of their financial institutions and companies.  These guidelines sought to prepare and equip financially Chinese companies and diminish, thus, those advantages that Western banks and companies had for having lasted decades in grabbing large infrastructure and non-renewable natural resources contracts globally…Notably, since 2016, several high-level Chinese institutions, such as the State Council, the National Commission of Reform and Development, the Ministry of Commerce and the Supervisory Commission and Administration of State Goods have issued a new wave of measures aiming at simplifying procedures to submit applications and obtain approval for investments, demark investment areas and improve control systems for investments of Chinese companies abroad…In this [document] we will review nine new guidelines, which we have classified in three groups: (1) Guidelines to improve environmental performance of Chinese investments abroad; (2) Measures on orientation of Chinese investments abroad and, (3) Measures on approvals and supervision systems of Chinese investments by State-owned companies abroad.