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Gov't issues guideline on investment management reform

Xinhua, March 19, 2015 Adjust font size:

The State Council on Thursday issued a guideline to boost reforms for investment management.

It aims to improve supervision over investment projects to regulate investment behavior and maintain market order, said a statement on the website of the Chinese government.

This is a key move following the government's efforts to streamline administration and delegate power to lower levels, it said.

It will be important to promoting investment, encouraging entrepreneurship and providing jobs, it said.

Supervision measures will include a platform for approval procedures for investment projects across the country. Information on the platform will be shared publicly.

Departments should delegate power to lower levels, and local governments should improve their supervision capacity while undertaking investment projects, the guideline said. Endi