China eases outbound/inbound investment; Alibaba ordered out of Taiwan; RBI allows unsecured NBFC bonds
China has further simplified outbound and inbound investment regulation in China; Alibaba has been "ordered" out of Taiwan for disguising Chinese ownership of its Taiwan entity; The Reserve Bank of India has re-instituted a 2013 banned practice of allowing non-bank financials to issue unsecured bonds
China eases outbound/inbound investment burden
The State Administration of Foreign Exchange (SAFE) plans to simplify rules for cross-border direct investment. FX exchange registration for foreign direct investment and outbound direct investment will be exempted from administrative approval by SAFE, the regulator announced on its website on February 28. In brief, cross-border direct investors will, as of June 1, be able to open FX accounts with approved banks with no need for separate approval.
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