Reg­u­la­tion de­tailed on in­vest­ment pro­jects

China Daily (Hong Kong) - - BUSINESS -

The Chi­nese govern­ment on Wed­nes­day re­leased a reg­u­la­tion on the man­age­ment of busi­ness in­vest­ment pro­jects, as it seeks to stream­line govern­ment func­tions to give more power to the mar­ket. The 24-clause reg­u­la­tion states that busi­ness pro­jects that fall into the cat­e­gories re­lated to na­tional se­cu­rity, de­vel­op­ment of strate­gi­cally im­por­tant re­sources and ma­jor pub­lic in­ter­ests will re­quire prior govern­ment ap­proval.The ap­proval should not, in prin­ci­ple, take more than 20 work­ing days, ac­cord­ing to the reg­u­la­tion.

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