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The Administrative Measures for Pilot RMB Settlement of Overseas Direct Investments was promulgated by the People's Bank of China ("RMB Settlement Measures") and came into effect as of January 6, 2011
Following the issuance and implementation of the Opinions of the State Council on Encouraging and Guiding the Healthy Development of Private Investment (Guo Fa 2010 No.13), thirteen Ministries and Commissions jointly released the Circular on Printing and Distributing the Opinions of Encouraging and Guiding Private Enterprises to Actively Engage in Outbound Investment (“Outbound Investment Circular”) on June 29, 2012, to boost outbound investment by private enterprises
