Recently, ten authorities including the Ministry of Commerce (MOFCOM) have jointly issued Several Policy Measures on Further Supporting Overseas Institutions to Invest in Domestic Sci-Tech Enterprises ("Measures").
These Measures, focusing on the business characteristics of overseas institutions and the development needs of domestic sci-tech enterprises, include 16 specific measures in four areas: optimizing management services, increasing financing support, strengthening exchanges and cooperation, and improving the market exit mechanism. Authorities in all localities are required to strengthen coordination, integrate resources, optimize services, and collaborate to ensure the effective implementation of tasks related to overseas investment in domestic sci-tech enterprises, aiming to promote the establishment of a comprehensive technology financial service system and better leverage financial support for technological innovation. These Measures will further refine relevant policy arrangements based on feedback from overseas institutions. Regarding application for access, the relevant authorities will efficiently approve qualified foreign institutional investors (QFIIs) and Renminbi qualified foreign institutional investors (RQFIIs) according to law, better meeting the willingness of overseas institutions to enter the domestic market.