English | دری

China simplifying FDI rules

in International Business

China simplifying FDI rules

In a bid to spur a fresh wave of economic growth, China has said it will “simplify” procedures for foreign direct investments.

China’s economic growth has been slowing and hit a three-year low in the third quarter, with FDI falling to 0.25% in October.

Under the new rules, investors will not require approval for opening foreign currency accounts or for re-investing foreign exchange earnings.

Earlier this month, Beijing announced it would raise the cap on the total amount of money foreign investors can bring into the country.

It said it will raise the quota for its Qualified Foreign Institutional Investor (QFII) program – one of the main channels used by foreign firms to invest in Chinese financial markets – once its current limit of $80bn (£50bn) is reached.

The new regulations will be implemented from 17 December, according to the state news agency Xinhua.



Related Articles

Germany catches Europe's crisis fever

Germany appeared to be safe from Europe’s debt crisis, due to the deep reforms undertaken years ago, however recent data

India opens more sectors to foreign investment

In a bid to revive the economy, the Indian cabinet has approved 49% foreign direct investment in insurance companies and

Analysts on the effects of sanctions imposed against Iran

According to a western diplomat in Iran, western experts have estimated that Iranian state would run out of foreign currency

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.