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NDRC: Individual Investors Will Be Allowed To Invest Overseas.

2014/8/10 20:42:00 254

The NDRC Allows Individual Investors To Invest Overseas.

< p > today, the Policy Research Office of the NDRC has released a report that it will improve relevant regulations and allow individual investors to invest abroad. < /p >
< p > < a href= > http://sjfzxm.com/news/index_z.asp > < < /p > > in the report of the NDRC < /a >.
< p > the next step is to strengthen macro guidance for overseas investment and improve the legal system and management system. We should accelerate the construction of overseas investment legal system, formulate and promulgate regulations on overseas investment and its implementation rules. We should reform the approval system for overseas investment and promote the facilitation of overseas investment. We should improve relevant regulations and allow individual investors to invest abroad. < /p >
At present, our country implements a qualified domestic institutional investor (QDII) system, and individuals within the territory can only carry out overseas fixed income, equity and other financial investments through qualified domestic institutional investors such as banks, funds and trusts. < /p >
< p > < a href= "http://sjfzxm.com/news/index_z.asp >" although /a is an important step for China to open RMB capital account convertibility, China's gradual opening up of personal overseas investment is a long journey. < /p >
In May 8, 2014, the State Council put forward the idea of "steadily opening up overseas individuals to invest directly in the domestic capital market, and promoting domestic direct investment in offshore capital markets in an orderly way" in P. < /p >
< p > December 2, 2013, the central bank's "opinions on financial support for the construction of free trade pilot zones in China (Shanghai)" set the direction for personal foreign direct investment. The opinion put forward that "to facilitate personal cross border investment", it is pointed out that "individuals who are employed and qualified in the region can carry out various kinds of overseas investments including securities investment according to regulations". < /p >
< p > however, according to the FTA's management committee, although the central bank has issued a policy document on individual overseas direct investment in the region, the personal direct foreign investment business in the free trade area has not been implemented until now. < /p >
< p > May 24, 2013, the national development and Reform Commission issued the "opinions on deepening the reform of the economic system in 2013". For the first time, it proposed the establishment of a qualified "overseas investment system for domestic individual investors". < /p >
As early as August 5, 2008, the State Council passed legislation stipulates that "domestic institutions and individuals within the territory shall register directly for overseas investment or engage in the issuance and trading of overseas securities and derivatives, and shall register in accordance with the provisions of the foreign exchange control department under the State Council." P If the state regulations need to be approved or filed in advance by the competent authorities, approval or filing procedures should be conducted before the registration of foreign exchange. " < /p >
P, as early as 2007, said that according to the process of RMB capital account convertibility, China will gradually liberate the management of domestic individuals to provide loans abroad, borrow foreign debts, provide external guarantees, and directly participate in the trading of foreign commodity futures and derivatives. < /p >
< p > with the continuous development of economy and the enhancement of national investment consciousness, China has the demand for individuals to invest abroad. In May 7, 2013, the 2013 China private wealth report jointly published by China Merchants Bank and Bain said that over 30% of high net worth people and over 50% of ultra high net worth individuals held overseas investments. In overseas investment, fixed income products, real estate and stock are the main investment categories of China's high net worth population. Hongkong is the most important market for investing overseas assets. < /p >
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