What China's New Investment Rules Mean for Foreigners

Chinese companies engaged in businesses that are barred from foreign investment can now file for offshore share sales – as long as they win regulatory approval and cap foreign ownership, Caixin reported, citing authorities.

The new rule on foreign investment is among updates to the government’s policies related to 31 restricted sectors that take effect on January 1. Beijing clarified the rules on Monday, a move expected to plug a loophole that has long been used by Chinese businesses to skirt restrictions on overseas share sales, the report said.

Read the full report: Caixin Global.

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Tags: share sales

Kevin Hamlin

Kevin Hamlin is a financial journalist with extensive experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.