China greases the wheels of outbound M&A

The Chinese government further reduces red-tape by easing restrictions on outbound investments by local companies.

China greases the wheels of outbound M&A

Chinese companies are set to become more competitive globally in the merger and acquisition market after the government’s decision to ease restrictions on outbound investments.

Starting from May 8, Chinese firms planning to invest less than $1 billion in an overseas company will no longer need to seek approval from authorities but only need register with the National Development and Reform Commission NDRC, according to a statement by the NDRC.

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