Blacklist system to be launched to protect outbound investment

The nation's top economic planner will launch an enterprise blacklist system to ensure the authenticity of outbound investment and fend off risks "as early as next month", according to a senior official.

Enterprises on the blacklist will not be banned from future outbound investment, but will receive more inspection from the government, according to the official, who declined to be named due to the lack of authority to speak in public.

The blacklist will be co-compiled by the National Development and Reform Commission and the Ministry of Commerce, the official said.

The commission also will launch plans to regulate State-owned enterprises' overseas investment capital and optimize overseas investment management policy, according to the commission.

Top regulators issued a slew of guidelines strengthening oversight over irrational outbound investment since late last year.

Regulatory authorities will pay close attention to overseas investment in key industries, such as property, hotels, entertainment, cinemas and sports clubs, according to Yan Pengcheng, spokesman for the National Development and Reform Commission.