Investment Policy News
- Investment supervision system mulled
Date: 12-Mar-2007 Sources: (Shenzhen Daily)
THE government is considering setting up a supervision system for overseas investments by central State-owned enterprises (SOEs), sources with the State-owned Assets Supervision and Administration Commission revealed Thursday.
The aim is to regulate central SOEs' offshore investment activities and reduce their exposure to risk, the sources said, but did not provide details of the possible supervision system. Last year, Chinese enterprises made direct offshore investments of more than US$16 billion, up 32 percent on the previous year. By the end of 2006, Chinese enterprises had launched more than 10,000 offshore operations, involving a total investment of US$73 billion.
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