Reuters: China to blacklist firms violating overseas investment rules14 September 2017 | 06:05 | FOCUS News Agency
Zhang Huanteng, an official at state planner the National Development and Reform Commission, said details of the blacklisting process and the punishments blacklisted entities would face would be revealed next month, the paper reported.
China issued rules last month on acquisitions abroad, following a fierce campaign since the end of last year against what Beijing calls “irrational” investments that has targeted sectors including property, entertainment and sport.
The blacklist would be shared across various government departments to help regulate any future overseas investment activities by the entities included, indicating that those on the list could face more hurdles to any planned deals.
“Blacklisted enterprises will not be banned from making overseas investments, but will be punished as they become ‘discreditable’ to regulators,” the paper said, citing Zhang.
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