Wenzhou Allows Residents to Invest Overseas

(Beijing) -- The Wenzhou government in Southeastern China's Zhejiang province has allowed its residents to invest directly overseas, the first such move in China.

Investment channels include the creation of non-financial companies, M&A or equity purchases in overseas companies.

The maximum amount of a single investment by an individual is US$ 3 million and an investment by multiple investors cannot exceed US$ 10 million. Total investment by an individual in a year cannot surpass US$ 200 million.