China’s NDRC Seeks Public Comment on Revised Outbound Investment Rules

China’s NDRC Seeks Public Comment on Revised Outbound Investment Rules

N
News Editor
2026-08-24 07:56:09
China’s National Development and Reform Commission has released a revised draft of its outbound investment management rules for public consultation, according to Caixin, with the comment period running from Aug. 21, 2026 to Sept. 20, 2026. The draft broadens the definition of investor beyond enterprises to include domestic companies, other organizations, and resident individuals. It also states that reinvestment made by investors outside China falls within the scope of outbound investment. On supervision, the draft sets out categories of outbound investment, regulatory responsibilities, and procedures and timelines for approvals and filings. It says investors must obtain either an approval document or a filing notice before carrying out an outbound investment. For resident individuals newly brought into scope, the approval authority would be the National Development and Reform Commission, while the filing authority would be the provincial-level development and reform department in the place of household registration or habitual residence.

China’s National Development and Reform Commission (NDRC) has published a revised draft of its outbound investment management rules for public consultation, according to Caixin. The consultation period runs from Aug. 21, 2026 to Sept. 20, 2026.

Draft expands the scope of investors

The draft, titled the revised version of the Administrative Measures for Outbound Investment, expands the definition of investors from enterprises to domestic enterprises, other organizations, and resident individuals. It also clarifies that overseas reinvestment conducted by investors is also treated as outbound investment.

Approval or filing required before investment

In the section covering oversight of outbound investment, the draft addresses the classification of outbound investment, the division of regulatory responsibilities, and matters including procedures and time limits for approvals and filings. Investors are required to obtain an approval document or a filing notice before carrying out an outbound investment.

Resident individuals face separate approval and filing channels

For resident individuals newly included within the investor scope, the approving authority is the NDRC. The filing authority is the provincial-level development and reform department in the place of household registration or habitual residence.

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