Office Managing Partner
China Issues New Rules on Outbound Investments by Centrally-administered State-owned Enterprises
24 April 2012China Corporate Alert
The State-owned Assets Supervision and Administration Commission of the State Council ("SASAC") promulgated the Interim Measures for the Supervision and Administration of the Outbound Investments by Central State-owned Enterprises (中央企业境外投资监督管理暂行办法) (the "Outbound Investments Measures") on 18 March 2012. The Outbound Investments Measures become effective on 1 May 2012, representing perhaps the most significant attempt made by SASAC to regulate outbound investments made by Centrally-administered State-owned Enterprises (央企) ("Central Enterprises") since issuing the Interim Measures for the Supervision and Administration of Overseas State-owned Assets of Centrally-administered State-owned Enterprises (the "Overseas State-owned Assets Measures") and the Interim Measures for the Administration of Overseas State-owned Property Rights of Centrally-administered State-owned Enterprises (the "Overseas State-owned Property Rights Measures"), both of which came into force on 1 July 2011.
In general terms, the Outbound Investments Measures focus on the filing of Central Enterprises' outbound investment plans/projects.