中国规制海外投资新举措.docVIP

中国规制海外投资的新举措 　　The Ministry of Commerce (hereinafter “MOFCOM”),and the Sate Council and the State Administration of Foreign Exchange (hereinafter “SAFE”),in the last few years have all been active in reducing the relative ‘red tape’ between Chinese companies and their endeavors overseas.Among the major changes associated with this second “going out” campaign include a virtual smorgasbord of policy initiatives and favorable regulations.These include relaxing of regulations regarding application procedures for overseas investments,the cancellation of the guarantees and profit repatriation of overseas investments,as well as decentralization of certain application formalities.These coupled with policy initiative such as favorable tax breaks and tax incentives,and easier access to finance and foreign capital,has created a seemingly perfect situation for domestic firms to launch themselves into the world market. 　　摘要：近日多部门出台新举措促进中国海外投资的发展，包括简化申请程序、提供税收优惠、拓展融资渠道等措施。 　　关键词：简化申请 税收优惠 拓展融资 　　 　　 　　1.Simplifying the Application Procedure 　　All Chinese enterprises that plan to invest overseas must apply to the Ministry of Commerce and various other relevant Departments for approval.While the application process is extensive,new ‘Measures’ passed down by MOFCOM in 2009,the ‘Measures for Overseas Investment Management’ (hereinafter “Measures”) has improved and simplified the process for most Chinese businesses attempting to invest overseas,especially for smaller and localized businesses. 　　 　　a.Increased Provincial Power?勃?The first of these improvements involves where the actual application is submitted to,and who may approve said application.Prior to 2008,under the old Overseas Investment Management law,provincial branch offices of MOFCOM had a relatively small scope of power to approve overseas investments.They could approve only relatively small investments to pre-approved countries listed by MOFCOM headquarters.All other applications for overseas investments could