China introduces measures to support overseas investment in domestic sci
Release time：2024-05-21 08:19:23 Source：Global Glimpse news portal
-
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
- Messi in and Dybala out in Argentina squad for pre
- Florence's iconic 700
- The Talk CANCELLED! Daytime series to end with season 15
- Kanye West's ex Julia Fox gives Bianca Censori a run for her money in an X
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- Duke and Duchess of Edinburgh step in for cancer
- Prince Harry WILL attend King Charles' Coronation but not Meghan Markle
- Legendary CBS announcer Jim Nantz gets tongues wagging on social media after making an X
- Nuggets blow 20
- Nicole Brown Simpson documentary in production at Lifetime as 30
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Week in Politics: Tax cuts and a spoonful of sugar
- On a wing and a prayer! Watch the nail
- 'Not our stance': Expert advice on mine application riles councillors
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Geena Davis, 68, wows in a figure
- Geena Davis, 68, puts on a leggy display in thigh
- Horoscope today: Daily guide to what the stars have in store for YOU
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- NZ to give $6m in humanitarian aid to Sudan and Gaza
Random recommendation
China remains crucial link in supply chainUS Open: Alcaraz moves past Evans, China's Zheng squeezes into last 16China launches new sea routes to South America as trade boomsChina's Yin officially installed as world No 1Djokovic finds his winning rhythmChina to streamline national medical insurance reimbursement systemXi Sends Congratulatory Letter As SCO Justice Ministers Meet in ShanghaiXi Sends Congratulatory Letter As SCO Justice Ministers Meet in ShanghaiXi Visits Forest Farm in China's Northernmost CityExports of Taiwan liquor from mainland thrive
- Copyright © 2024 Powered by China introduces measures to support overseas investment in domestic sci ,Global Glimpse news portal sitemap