Government simplifies rules on foreign direct investment

Measure part of efforts to reduce bureaucracy, boost transparency, improve FDI environment

China scrapped a total of 24 regulations related to the administration of capital for foreign direct investment, part of the government's efforts to reduce red tape, increase transparency and promote investment facilitation.

The State Administration of Foreign Exchange, or SAFE, China's foreign exchange regulator, issued new regulations effective Monday on the administration of funds for FDI by overseas investors.