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Hong Kong Law

May 2016

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Charltons - Hong Kong Law Newsletter - Issue 335 - 23 May 2016

Simplifying China Outbound Investment Rules

China’s National Development and Reform Commission NDRC

Measures for the Administration of Approval and Filing of Outbound Investment Projects

Chinese outbound M&A deals

Simplification of NDRC Filing Requirements

Closer alignment between MOFCOM and NDRC procedures

Acknowledgement to Replace Confirmation Letter for Investments of US$300 million or above

Competing Chinese Bids for the same assets

Removal of Penalty for commencement of “substantial work” before receipt of the NDRC’s confirmation letter

Removal of bank letter of intent requirement

Central-level NDRC approval for outbound investments in sensitive countries, regions or districts
Chinese offshore investments in sensitive countries, regions and industries