Home » Ten departments including the Ministry of Commerce: Support overseas institutions to invest in domestic technology companies through qualified foreign limited partners (QFLP)_Oriental Fortune Network

Ten departments including the Ministry of Commerce: Support overseas institutions to invest in domestic technology companies through qualified foreign limited partners (QFLP)_Oriental Fortune Network

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Ten departments including the Ministry of Commerce: Support overseas institutions to invest in domestic technology companies through qualified foreign limited partners (QFLP)_Oriental Fortune Network

Ten Chinese ministries and regulatory bodies have come together to issue a set of policies and measures aimed at supporting foreign institutions in investing in domestic technology-based enterprises. The joint announcement, titled “On Further Supporting Overseas Institutional Investment,” outlines several key initiatives to facilitate overseas investment in China’s rapidly-growing technology sector.

The policies, announced by the Ministry of Commerce, the Ministry of Foreign Affairs, and other government agencies, seek to streamline the application process for Qualified Foreign Institutional Investor (QFII) and RMB Qualified Foreign Institutional Investor (RQFII) qualifications. The goal is to make it easier for overseas institutions to enter the Chinese market and invest in domestic technology companies.

In addition to simplifying the approval process for foreign investors, the government has also promised to improve foreign exchange management to facilitate foreign institutions in investing in China’s bond market. The measures include expanding capital account facilitation policies and improving foreign exchange management under direct investment, among others.

Furthermore, the policies address business supervision, stating that venture capital funds established by overseas institutions will be treated the same as domestic funds. This means that foreign investors will be subject to the same regulations and policies as their domestic counterparts, ensuring a level playing field for all investors.

Overall, the new policies aim to attract more foreign investment in China’s technology sector and support the growth of domestic technology companies. By providing a more streamlined and transparent investment environment, the government hopes to foster innovation and competitiveness in the industry.

The announcement has been met with positive reactions from industry experts and investors, who see the move as a significant step towards opening up China’s market to foreign institutions. With the support of ten ministries and regulatory bodies, the government’s commitment to supporting overseas investment in domestic technology enterprises is clear.

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(Source: China Business News)

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