NDRC proposes to further simplify Chinese outbound investment regulatory regime – major changes to “road-pass” regime
On April 13, 2016, the National Development and Reform Commission (NDRC) published a consultation paper on its website, seeking public opinion on the amendments (Amendments) proposed for the “Administrative Measures for the Verification and Record-filing on Outbound Investments Projects” issued in April 2014 (No.9 Regulation). Public opinion must be submitted by 13 May 2016, and NDRC is expected to officially promulgate the revised No.9 Regulation soon after the deadline. The Amendments look quite limited, but have some encouraging developments. This article deals with the substantial changes to “road-pass” regime and some other deregulation proposals.