Overseas investment record Nov 23,2020 【Project】

DuetotheforeignexchangecontrolinChina,theinvestmentfundsofChineseenterprisesinsettingupsubsidiariesabroadcanbetransferredoutofChinathroughnormalchannelsofforeignexchangepurchaseonlyaftertheyhavebeenputonrecord.Aftertheprofitsoftheoverseassubsidiaries,theycanalsobepaidbacktothedomesticparentcompanyintheformofdividends.Atpresent,theinvestmentrecordneedstobefiledwiththeprovincialDepartmentofCommerceandtheProvincialDevelopmentandReformCommissionrespectively.Individualforeigninvestmentcannotbeputonrecordatpresent,becausethestatedoesnotallowindividualforeigninvestmentatpresent.