China will limit overseas investments by domestic companies in fields including real estate and sports clubs, while encouraging them to invest in infrastructure¹ and new technology.

 

中国将限制国内公司投资海外房地产以及体育俱乐部，鼓励他们在基础设施以及新技术领域进行投资。

 

Overseas investments in areas including real estate, hotels, cinemas, the entertainment industry, and sports clubs will be limited, while investments in some sectors² such as gambling³ will be banned, according to a document released Friday by the State Council.

 

The document also imposed restrictions⁴ in the setup of overseas private equity⁵ funds or other investment platforms without specific projects and limited investments that do not meet technological⁶, environmental, or safety standards of the destinations.

 

In the meantime, investments in line with the Belt and Road Initiative and those conducive⁷ to the country's industrial upgrade, including high-tech⁸ and advanced manufacturing industries, will be encouraged, according to the document.

 

Outbound investments in agriculture and fishing, oil and mining exploration, and certain areas within the service industry were also given the greenlight.

 

Officials should guide overseas investments according to different categories, providing support to those on the "encouraged" list, offering tips to those on the "restricted" list, while strictly⁹ managing those on the "banned" list.

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