NDRC to permit individual overseas investment  

发改委：将允许个人投资者开展境外投资

中国国家发展和改革委员会5日在京透露，该机构下一步将制定和出台《境外投资条例》及其实施细则。推进境外投资便利化，最大限度减小核准范围，简化核准手续。完善相关管理规定，允许个人投资者开展境外投资。[查看全文]

Beijing (CNS) – China's individual investors will soon be allowed to tap overseas markets.

The National Development and Reform Commission (NDRC) posted on its official website that it will enact new regulations for overseas investment and allow individuals to engage in outbound investment.

In April, the NDRC launched a regulation for approving and filing overseas investment projects, believed to be a move to ease outbound investment for mainland Chinese investors.

Analysts said the permission may give impetus to the planned Qualified Domestic Individual Investor program (QDII2). The QDII2 program was put forward by the central bank in 2013 and is waiting for the State Council's final approval.

Li Yong, an expert at the Chongqing Academy of Social Sciences, said Chinese citizens will have more choices for allocating their idle cash by directly investing in foreign financial markets. This may also help expand the financial services industry in China.

China directly invested 43.34 billion dollars in overseas non-financial markets in the first half this year, falling by 5 percent from a year earlier.