Rules relaxed on foreign direct investment  

中国官方简化外汇管理流程便利外商直接投资

国家外汇管理局21日公布促进贸易投资便利化的新规，大幅度简化直接投资外汇管理流程等，从而减少了外商投资企业审批事项。

Beijing(CNS)--Management procedures of foreign exchange involving foreign direct investment (FDI) will be simplified under a new regulation issued by the State Administration of Foreign Exchange (SAFE) on Wednesday.

Under the updated regulation, some management links involving FDI will be abolished, existing administrative procedures will be simplified and parts of the restrictions on the capital application in investment projects will be removed.

The new regulation will make trade and investment more convenient so as to better serve the real economy, according to an official at the administration.

The regulation will come into effect on Dec. 17.