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China’s National Development and Reform Commission (NDRC) issued a “Notice Concerning Delegation of Powers to Lower Levels to Approve Overseas Investment Projects” (the Notice) on February 14, by which NDRC delegated to provincial levels the authority to approve overseas investment projects, established a system of project registration, streamlined further the administration of project filings, adjusted the time period within which the project information report must be submitted, and provided for in detail the circumstances under which NDRC or the State Council would be the approval authority
On February 3, China's State Council released the "Notice of the General Office of the State Council on Launching the Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors" (Notice), which announced the creation of the nation's first system for assessing the national security implications of proposed foreign investments in Chinese companies
