Entrepreneurs sat down with government officials at the ACFIC headquarters on January 5 to discuss ways to facilitate the outbound investment drive by the country's private enterprises. The seminar was hosted by the Ministry of Commerce and ACFIC, and attended by the State Administration of Foreign Exchange, the People's Bank of China, and the National Development and Reform Commission, as well as more than 20 entrepreneurs who have made investment overseas or are trying to do so.

 

The seminar was held to follow up the instructions of the State Council leadership on private enterprises' going global, collect the opinions and proposals of private enterprises, and further improve related government policies on supporting and serving the firms' go-global efforts.

 

Entrepreneurs participating in the meeting shared their experience in going-global and made detailed proposals about the country's overseas investment projects review and approval procedure, foreign exchange review, approvement and management procedure, overseas financing guarantee, export credit insurance, visa processing, risk advisory service, intellectural property rights protection and taxation policies in foreign countries.

 

Liu Yingjun, Deputy Director of the MOC Department of Overseas Investment and Economic Cooperation, said the seminar aims at pushing for some measures at the operational level to ease the difficulties encountered by Chinese private firms in going global. But he also admitted that the change of administration system and policies takes time and needs joint long-term efforts by the government, enterprises and ACFIC.

 

ACFIC Economic Department Director Ouyang Xiaoming urged private firms to continue to make proposals to ACFIC, saying that ACFIC will explore ways to provide more professional and targeted services to them.