China’s Draft Outbound Investment Rules Target Individuals, Tighten Oversight

China’s top economic planner is seeking public feedback on a revised set of rules governing outbound investment that would expand its regulatory scope to cover individuals alongside enterprises.

The proposed overhaul by the National Development and Reform Commission aligns with a broader State Council regulation implemented in July. 

The agency cited a complex external environment — including discriminatory measures by certain countries that demand data or force the disposal of equity — stating that tighter reporting requirements would help authorities protect Chinese interests and manage overseas vulnerabilities.