Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap China introduces measures to support overseas investment in domestic sci !

China introduces measures to support overseas investment in domestic sci

Time:2024-05-09 10:01:32 source:Worldly Wisdom news portal
BEIJING, April 19 (Xinhua) -- Chinese authorities released a document Friday introducing new measures to encourage overseas institutions to invest in China's domestic sci-tech enterprises. The document, jointly unveiled by the Ministry of Commerce and nine other government departments, includes 16 measures that aim to optimize management services, enhance financing support, strengthen exchanges and cooperation, and improve exit mechanisms. China will work to efficiently approve the qualification applications for the dollar-denominated qualified foreign institutional investor scheme (QFII) and its yuan-denominated sibling, RQFII, in accordance with the law, it said. Overseas institutions will also be supported to invest in domestic sci-tech enterprises through the Qualified Foreign Limited Partner (QFLP) scheme. Domestic venture capital funds established by overseas institutions will enjoy equal treatment with those established by domestic investors, according to the document. Eligible overseas institutions will be encouraged to issue yuan-denominated bonds in China and invest in the sci-tech field, and the pilot projects that facilitate cross-border financing will be expanded nationwide. Domestic banks will be encouraged to enhance cooperation with overseas institutions, it said. 

(Editor:Fu Bo)

Related information
  • Mexico tightens travel rules on Peruvians in a show of visa diplomacy to slow migration to US
  • Major sewerage line threatened by slip on Hutt River cliff
  • Jehovah's Witness Church takes case over Abuse in Care ruling to Court of Appeal
  • China lifting lockdown of Hubei province
  • Bridge being built in northern Arizona almost five years after three children died in Tonto Creek
  • Far North councillors vote 9 to 1 to seek delay in adding fluoride to water supply
  • Hundreds of bulbs, entire rose bushes stolen from Christchurch park
  • Customs seize $20m meth and MDMA in two bags at Auckland Airport
Recommended content
  • Former Daytona 500 winner McDowell will leave Front Row Motorsports for Spire in 2025
  • Roaming dogs kill up to 30 cats in one suburb as residents live in fear
  • 'We can sue him': Chumbawamba on Winston Peters use of their song
  • Fighting rages across Gaza amid revival of truce talks
  • Candace Parker takes new job with Adidas after retiring from WNBA
  • Black mould and septic overflow: What tenants are dealing with