China introduces measures to support overseas investment in domestic sci
Release time:2024-05-21 06:32:55
BEIJING, April 19 (Xinhua) -- Chinese authorities released a document Friday introducing new measure 。
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 articles
- LOS ANGELES (AP) — Shohei Ohtani’s first walk-off hit for the Los Angeles Dodgers was also his first2024-05-21
Call for schools soft drink ban renewed after government implements cellphone ban
Photo: 123RF2024-05-21Israeli military says 24 soldiers killed in Gaza fighting
This handout picture released by the Israeli army on 18 January 2024 shows an Israeli soldier keepin2024-05-21More than 100 killed while seeking aid in Gaza, overall death toll passes 30,000
By Nidal al-Mughrabi, ReutersThis image grab from a handout video released by the Israeli army on Fe2024-05-21Bella Hadid goes braless in a thigh
She is one of America's most recognisable fashion models.And Bella Hadid continued to show why she i2024-05-21Tāngarākau Gorge road to remain closed until mid
File photo. Photo: 123rf.com2024-05-21
atest comment