Interim Measures for the Supervision and Administration of Overseas Investments by Central Enterprises
Interim Measures for the Supervision and Administration of Overseas Investments by Central Enterprises
Interim Measures for the Supervision and Administration of Overseas Investments by Central Enterprises
Order of the State-owned Assets Supervision and Administration Commission of the State Council No. 28
March 18, 2012
The Interim Measures for the Supervision and Administration of Overseas Investments by Central Enterprises, which were adopted at the 113th executive meeting of the State-owned Assets Supervision and Administration Commission of the State Council, are hereby promulgated and shall enter into force as of May 1, 2012.
Wang Yong, Chairperson of the State-owned Assets Supervision and Administration Commission of the State Council
Interim Measures for the Supervision and Administration of Overseas Investments by Central Enterprises
Article 1 For the purpose of enhancing the supervision and administration of the overseas investments by enterprises in which the State-owned Assets Supervision and Administration Commission of the State Council (hereafter referred to as the "SASAC") serves as the investor and performs the responsibilities as such (hereafter, such enterprises are referred to as the "central enterprises"), promoting the international operations of the central enterprises and guiding and regulating the overseas investments by central enterprises, these Measures are enacted pursuant to the Enterprise State-owned Assets Law of the People's Republic of China, Company Law of the People's Republic of China, Interim Regulations on the Supervision and Administration of State-owned Assets in Enterprises and other pertinent laws and administrative regulations.
Article 2 For the purpose of these Measures, "overseas investments" means such investment activities such as asset investments and equity investments made by central enterprises and/or the wholly-owned or holding subsidiaries thereof (hereafter referred to as "subsidiaries") outside the territory of the People's Republic of China as well as in the Hong Kong Special Administrative Region, Macao Special Administrative Region and the Taiwan Region of China.
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