China stresses Belt and Road Initiative in new M&A rules
Guidelines to regulate overseas investment formally released Friday
The State Council posted new guidelines (link in Chinese) for overseas investment to their official website on Friday.
The notice details which types of investments will be encouraged and which will be limited or restricted. Limited areas of investment included real estate, hospitality, movie theaters, theme parks, sports and clubs.
Strictly prohibited investments include those that involve exporting certain domestic technology or products deemed sensitive, as well as those in gambling or sex industry.
The guidelines encouraged companies with the resources to do so to actively invest in projects related to the Belt and Road Initiative.