NDRC to permit individual overseas investment  

發(fā)改委：將允許個人投資者開展境外投資

中國國家發(fā)展和改革委員會5日在京透露，該機構下一步將制定和出臺《境外投資條例》及其實施細則。推進境外投資便利化，最大限度減小核準范圍，簡化核準手續(xù)。完善相關管理規(guī)定，允許個人投資者開展境外投資。[查看全文]

Beijing (CNS) – China's individual investors will soon be allowed to tap overseas markets.

The National Development and Reform Commission (NDRC) posted on its official website that it will enact new regulations for overseas investment and allow individuals to engage in outbound investment.

In April, the NDRC launched a regulation for approving and filing overseas investment projects, believed to be a move to ease outbound investment for mainland Chinese investors.

Analysts said the permission may give impetus to the planned Qualified Domestic Individual Investor program (QDII2). The QDII2 program was put forward by the central bank in 2013 and is waiting for the State Council's final approval.

Li Yong, an expert at the Chongqing Academy of Social Sciences, said Chinese citizens will have more choices for allocating their idle cash by directly investing in foreign financial markets. This may also help expand the financial services industry in China.

China directly invested 43.34 billion dollars in overseas non-financial markets in the first half this year, falling by 5 percent from a year earlier.