Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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China
China further liberalized cross-border investment and trade
23 Oct 2019On 23 October 2019, the State Administration of Foreign Exchange of China (SAFE) issued the Circular on Further Promoting the Facilitation of Cross-border Trade and Investment (Hui Fa [2019] No.28) (the "Circular 28"). The Circular 28 aims to further liberalizing and streamlining foreign exchange control over cross-border investment and trade. Before the Circular 28, only foreign-controlled enterprises with the explicit term "investment" in their business scope, e.g., a China investment holding company ("CHC"), were allowed to utilize their registered capital for further equity investment in China. Now, any foreign-controlled enterprise is allowed to utilise and convert the capital received from foreign investors for making equity investment in China, provided that certain conditions are fulfilled.
Under the Circular 28, domestic companies in pilot areas are no longer required to provide supporting documents to banks for verification before using the funds received under capital account items on a case-by-case basis.
The Circular 28 has also simplified the use of funds under certain foreign direct investment related accounts.
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Type:
- Treatment and operation (Capital transfer and FOREX)
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Industry:
- Not industry specific
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Sources:
- Baker McKenzie, SAFE Issues New Circular to Further Liberalize Cross-border Investment and Trade, https://www.bakermckenzie.com/en/insight/publications/2019/11/safe-issues-new-circular-to-further, 18 Nov 2019
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.