Ministry Of Commerce: Cross Border RMB Direct Investment Opinions Will Be Issued As Soon As Possible.

Ministry of Commerce spokesman Shen Danyang said 20, as of August 31st, Ministry of Commerce A total of more than 20 opinions and suggestions on cross-border RMB direct investment have been received. After the relevant documents are further improved and revised, they will be implemented as soon as possible.

The Ministry of Commerce recently issued the notice of the Ministry of Commerce on the issue of cross border direct investment in Renminbi (Draft) and made public comments on the draft. According to the draft, foreign investors are allowed to conduct direct investment activities in China on the basis of Renminbi legally obtained abroad, but cross border direct investment in China should not be used directly or indirectly in investing in valuable securities and financial derivatives in China.

"Renminbi legally acquired abroad" means foreign country. Investor RMB acquired through legal channels abroad, including renminbi, which is not limited to RMB settlement through cross-border trade, overseas issuance of RMB bonds or stocks, and Renminbi profits gained and exported by foreign investors through Chinese domestic investment enterprises, and the Renminbi that is converted into shares, capital reduction, liquidation and first investment recovery.

According to the draft request, cross border RMB direct investment in the following four situations is required to be examined by the Ministry of Commerce: the amount of RMB investment amounts to 300 million or more than 300 million yuan; financing guarantee, financial leasing, microfinance, auction and other industries; foreign investment companies, foreign investment venture capital or equity investment enterprises; cement, steel, electrolytic aluminum, shipbuilding and other national macro level. Regulation Industry.

According to Shen Danyang, the current work of soliciting opinions is still focused on further clarifying the coverage of RMB legally obtained from overseas investment, and the areas of cross-border RMB investment in China.

According to the data released by the Ministry of Commerce, the actual use of foreign capital in China in the 1-8 months of this year was US $77 billion 634 million, an increase of 17.71% over the same period last year. In the month of August, the actual amount of foreign capital utilized by the whole country was US $8 billion 446 million, an increase of 11.11% over the same period last year.