New rule on ODI is in the pipeline

Regulation will draw a clear line on areas to be encouraged, forbidden

China plans to introduce its first regulation on making outbound direct investments later this year to clarify and define the range of overseas investments, as well as listing prohibited areas and other essential factors, according to a report by Beijing-based newspaper the Economic Information Daily on Tuesday.

The Ministry of Commerce and the National Development and Reform Commission, the country's top economic watchdogs, are leading the work to draft the regulation, the newspaper that is affiliated with Xinhua News Agency quoted an insider as saying.