Encourage enterprises to go global, the state plans to legislate to protect overseas investment
encourage enterprises to go global, the state plans to legislate to protect overseas investment
China Construction machinery information
Guide: SASAC and the national development and Reform Commission have the same attitude towards the issue of Chinese enterprises going global. From May 1, the Interim Measures for the supervision and administration of overseas investment by central enterprises issued by the SASAC was officially implemented; At the same time, the national development and Reform Commission revealed that the national development and Reform Commission is taking the lead in formulating overseas
SASAC and NDRC have the same attitude towards the "going out" of Chinese enterprises
from May 1, the Interim Measures for the supervision and administration of overseas investment by central enterprises issued by the SASAC was officially implemented; At the same time, a source from the national development and Reform Commission revealed that the national development and Reform Commission is taking the lead in formulating the "Regulations on the administration of overseas investment" and revising the "Interim Measures for the administration of overseas investment projects", and the regulations are expected to be issued within the year. After the above regulations have been in operation for a period of time, they are expected to become the first legislation for overseas investment
it is revealed that the upcoming regulations will provide institutional guarantee for regulating overseas investment and continue to simplify the approval procedures for overseas investment of Chinese enterprises. In addition to studying and formulating the "overseas investment management measures", the "foreign labor contract management system" will also be introduced, and the facilitation of policies in finance, foreign exchange, insurance, finance and taxation, personnel entry and exit will be promoted
it is understood that the introduction of this regulation will not only simplify the approval procedures, but also hope to cancel the approval of private enterprises' overseas investment by the national development and Reform Commission and change to the registration system, which can avoid the embarrassment of multiple approval and repeated approval, and greatly promote the efficiency of private enterprises' overseas investment
"more restrictions, less support" dilemma
at the beginning of the year of the dragon, Chinese enterprises began a magnificent chapter of heavy overseas acquisitions. Shandong heavy industry 374million euros won 75% of the controlling stake of Italian Faraday group, the global luxury yacht giant; Sany Heavy Industry acquired German machinery giant Putzmeister for 324million euros; Guangxi Liugong invested 335million yuan to acquire the construction machinery division of Polish enterprise HSW
but overseas investment is not plain sailing
in December 2011, PANGDA Group acquired Saab Automobile, but finally filed a bankruptcy application to the local court with Saab Automobile's parent company, Swedish automobile, to declare that Pangda group's cross-border mergers and acquisitions failed; In April, 2011, Minmetals resources, a subsidiary of Minmetals Group, acquired iquenox Minerals Co., Ltd., which is listed in Canada and Australia, at a price of US $6.5 billion, but the high-profile acquisition failed because it did not know the long-term value of each other's resources in detail; At the beginning of 2011, when China bright food made the 10 prefix move down to conduct the tensile test, it was close to purchasing jiananxi of the United States for $2.5 billion to $3 billion, but the price could not be agreed with other terms, Leading to the breakdown of the negotiation...
the general manager of an enterprise once said: "the State supports overseas investment of enterprises and encourages us to boldly 'go out', but because there were no formal overseas investment laws and regulations before, the overseas investment of enterprises has a long cycle, great difficulty and complex process in the approval process, which greatly reduces the efficiency of overseas investment of enterprises."
according to the analysis of insiders, in addition to being unfamiliar with international practices and rules, understanding little about the investment environment, policies and regulations, cultural differences, and the lack of detailed information about each other, the most important thing for Chinese enterprises to invest abroad is the lack of guarantee of national policies or the frequent change of zero position. More restrictions, less supportOn May 1, the state officially began to implement the Interim Measures for the supervision and administration of overseas investment by central enterprises issued by the state owned assets supervision and Administration Commission of the State Council. The introduction of the "measures" not only strengthened the prevention and control of the risks of central enterprises' overseas investment, but also supervised overseas investment and achieved the world-class goal by strengthening and optimizing the main business. Together with the previously issued Interim Measures for the supervision and administration of overseas state-owned assets of central enterprises and Interim Measures for the administration of overseas state-owned property rights of central enterprises, the three measures complement each other and complement each other, creating a solid path for central enterprises to "go global" on March 17, 2015
at the same time, Kong Linglong, director of the foreign investment department of the national development and Reform Commission, made it clear in the Sixth Symposium on transnational investment by Chinese enterprises that the national development and Reform Commission would take the lead in formulating the "Regulations on the administration of overseas investment" and revising the "Interim measures for the administration of overseas investment projects" to provide legal and regulatory guarantees for regulating overseas investment, We will also continue to improve the management system of goods that must be used once for health purposes, and continue to search for solutions to simplify the approval procedures for overseas investment by Chinese enterprises
he Zhenwei, Deputy Secretary General of the China Association for overseas industrial development and planning, told that the management measures issued by the SASAC and the management regulations to be issued by the national development and Reform Commission are both from the perspective and purpose of supervising, ensuring and promoting overseas investment by Chinese enterprises. The only difference between the two is the scope involved. The former is for central enterprises, while the latter is for various types of enterprises in China. But whatever it is, it is beneficial to the country and enterprises. The measures regulate the overseas investment of central enterprises and avoid the waste of national resources; The promulgation of the regulations will regulate the orderly competition of private enterprises' overseas investment, help to improve the merger and acquisition rate and avoid vicious competition among enterprises