The Record Of Overseas Investment Projects Of Textile Enterprises Will Be More Convenient.

To actively promote Overseas investment In recent days, the NDRC issued the "overseas investment project approval and filing management measures" (hereinafter referred to as the "measures"), which greatly improved the approval authority of overseas investment projects and narrowed the scope of approval, and implemented a filing system for general overseas investment projects, which indicated that the record of overseas investment projects of enterprises would be more convenient.

In recent years, the "going out" of Chinese enterprises has entered an important stage of accelerating development. Data show that in 2013, the volume of overseas investment of Chinese enterprises has exceeded 100 billion US dollars. "This shows that China's economy is changing from the role of global integration to the role of global economic drivers." Yan Yu, executive director of the Institute of management and industrial development, said.

In recent years, due to excessive internal and external cotton prices and rising production costs, China Spin Enterprises also accelerated the pace of "going out", and the head of textile enterprises said that the introduction of the measures is conducive to standardizing "going out" enterprises, avoiding vicious competition and facilitating the development of a broader overseas market. However, faced with new situations and new trends, the past overseas investment management mode has been unable to meet the changing international situation. Under this background, further standardizing the approval and filing management of overseas investment projects, establishing the status of enterprises and individuals as the main body of foreign investment, and doing well in overseas investment services and promotion work have become a new topic urgently needed by the management departments.

To this end, the Measures stipulate that overseas investment projects will no longer distinguish between resources and non resources. In addition to projects involving sensitive countries or regions and sensitive industries, the approval authority of the NDRC will be invested by US $300 million from the resource development class, and China's investment in non resources development category is more than US $100 million and above. The investment mentioned by the Chinese government will be more than 1 billion US dollars and above. China's investment of under 1 billion dollars will be put on record.

At the same time, we should simplify procedures and clarify time limits, so as to raise the level of standardization and facilitation of overseas investment projects approval and filing. The measures clearly stipulate that for projects that require the NDRC to be approved or submitted by the NDRC to the State Council for approval, local enterprises will submit the project application reports directly to the provincial development and reform departments at the locality. The provincial development and reform departments shall submit the audit opinions to the national development and Reform Commission for approval, and the projects that belong to the NDRC are also adopting the same procedures, and no longer require local enterprises to declare in accordance with the county, city and province levels. Moreover, the time limit for the whole process of the approval and filing of overseas investment projects of the NDRC has been clearly defined by the measures, and the conditions for approval and filing have also been simplified. In addition, the measures emphasize administration according to law, clarify responsibilities, strengthen supervision and maintain order.

Regarding the approval of overseas investment projects, the national development and Reform Commission pointed out that although China's overseas investment has been developing rapidly in recent years, due to the short time of "going out" of Chinese enterprises, most enterprises lack international management talents and international experience. Some enterprises are not yet well regulated in their business practices, and there are still major investment projects committed by enterprises beyond their own strength. At the same time, overseas investment projects approved by the NDRC are often important cooperation matters of multilateral and bilateral governments. Enterprises fail to fulfill their contracts because of their lack of investment strength. Not only are enterprises carrying heavy loads and huge losses, but also easily lead to reputational damage. If handled unproperly, it will also evolve into external factors that affect multilateral bilateral economic and trade cooperation.

At present, China's enterprises are facing a great opportunity to "go out". But at the same time, challenges and risks will co-exist. In this game process, it is particularly important to speed up the cultivation and guidance of enterprises to participate in international economic cooperation and competition.

In response, the NDRC said it would do well in four aspects: first, establish and improve multilateral bilateral investment cooperation mechanism. The two is to strengthen. policy System construction. We will further promote the systematization and institutionalization of policy promotion, service support and risk control. The three is to further strengthen information and intermediary services. We should integrate information resources of relevant institutions and enterprises at home and abroad, establish a public information service platform for overseas investment, and provide more perfect information services. The four is to standardize the investment and operation of enterprises, and actively guide enterprises to abide by the laws and regulations of host countries in foreign investment, and establish a good image of Chinese enterprises operating according to law, keeping promise and serving the society.