New regulations for SOEs' overseas deals

Updated 2017-01-19 10:00:18 Global Times

The State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday issued new regulations covering overseas investment by State-owned enterprises (SOEs).

The regulations include a negative list. SASAC will look into various aspects of SOEs' investment in foreign markets, such as the return on capital, operations and risk management, according to a post published on the website of SASAC.

The authority is improving its management of SOEs' investment overseas. The SASAC clarified principles, a negative list, information and risk management systems, and evaluation systems for investing overseas.

It also specified issues to be tackled during three periods: preparation for investment, actual investment and post-investment.

While the China-proposed "One Belt, One Road" initiative has encouraged more and more enterprises to go abroad in recent years, there are still many risks amid investments overseas that companies haven't yet become aware of, according to a post published on the website of the China Council for the Promotion of International Trade in October 2016.

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