China Tightens Restrictions on Outbound Investment

(Beijing) — China is stepping up restrictions on outbound investment in its latest effort to stem capital outflows as the yuan's value tumbles to multiyear lows.

Companies are being advised to "make decisions prudently" regarding investments in four categories that will come under closer government scrutiny in a bid to control risk, according to an announcement at a news conference attended by officials from the four central government organs that share oversight of outbound investments.