Rules relaxed on foreign direct investment  

中國官方簡化外匯管理流程便利外商直接投資

國家外匯管理局21日公布促進貿易投資便利化的新規，大幅度簡化直接投資外匯管理流程等，從而減少了外商投資企業審批事項。

Beijing(CNS)--Management procedures of foreign exchange involving foreign direct investment (FDI) will be simplified under a new regulation issued by the State Administration of Foreign Exchange (SAFE) on Wednesday.

Under the updated regulation, some management links involving FDI will be abolished, existing administrative procedures will be simplified and parts of the restrictions on the capital application in investment projects will be removed.

The new regulation will make trade and investment more convenient so as to better serve the real economy, according to an official at the administration.

The regulation will come into effect on Dec. 17.