2017年CRI China to strengthen authentification checks on companies going abroad

 

Zhou Liujun, director of the Commerce Ministry¹'s Overseas Investment Department, says new regulations are being drafted which will have Chinese companies looking to invest abroad undergo stricter authentification checks.

"Our first move is to increase our authenticity² checks. Companies which can prove their overseas investments are legitimate³ will be given help in making their investments abroad. The second step is to improve our services to help fend⁴ off risks."

The move comes amid concerns companies may try to skirt capital outflow restrictions⁵ through overseas investments which have little or no value to the company itself.

The concerns are being prompted by the continued decline in the value of the renminbi against the US dollar, which most observers expect is going to continue this year as the US Federal Reserve moves to increase interest rates.

There are concerns that by increasing the oversight⁶ of overseas investments, Chinese companies might become reluctant to make moves abroad.

Zhou Liujun says companies which are legitimately⁷ attempting to expand their reach on the international market need not worry.

"We will always support companies who want to compete on the global stage. We want to help give them the capability⁸ and competence⁹ they can gain by increasing their international cooperation while moving up the value chain. We want these companies to perform well."

Overseas investments by Chinese companies increased rapidly this past year.

Official data shows non-financial outbound direct investment increased by over 55-percent year on year through the first 11-months of last year, exceeding 160 billion U.S. dollars.

Huang Xueqi, former director of the Chinese Chamber¹⁰ of Commerce in the United States, says the increased scrutiny¹¹ of Chinese investments should help bolster¹² the overall reputation of Chinese companies abroad.

"At the moment, not only in developed countries but also in developing countries, Chines enterprises have increasingly shown their presence. And with the central government's 'belt and road' initiative, their investment are expanding and the quality is improving, which shows huge potential for growth in the future. "

In issuing its policy directives for 2017, the Chinese Commerce Ministry says it intends to help increase foreign trade, promote global investments and step-up risk prevention in key commercial areas.

1 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

2 authenticity   

n.真实性

参考例句：

• There has been some debate over the authenticity of his will. 对于他的遗嘱的真实性一直有争论。
• The museum is seeking an expert opinion on the authenticity of the painting. 博物馆在请专家鉴定那幅画的真伪。

3 legitimate   

adj.合法的，合理的，合乎逻辑的；v.使合法

参考例句：

• Sickness is a legitimate reason for asking for leave.生病是请假的一个正当的理由。
• That's a perfectly legitimate fear.怀有这种恐惧完全在情理之中。

4 fend   

v.照料（自己），（自己）谋生，挡开，避开

参考例句：

• I've had to fend for myself since I was 14.我从十四岁时起就不得不照料自己。
• He raised his arm up to fend branches from his eyes.他举手将树枝从他眼前挡开。

5 restrictions   

约束( restriction的名词复数 )； 管制； 制约因素； 带限制性的条件（或规则）

参考例句：

• I found the restrictions irksome. 我对那些限制感到很烦。
• a snaggle of restrictions 杂乱无章的种种限制

6 oversight   

n.勘漏，失察，疏忽

参考例句：

• I consider this a gross oversight on your part.我把这件事看作是你的一大疏忽。
• Your essay was not marked through an oversight on my part.由于我的疏忽你的文章没有打分。

7 legitimately   

ad.合法地；正当地，合理地

参考例句：

• The radio is legitimately owned by the company. 该电台为这家公司所合法拥有。
• She looked for nothing save what might come legitimately and without the appearance of special favour. 她要的并不是男人们的额外恩赐，而是合法正当地得到的工作。 来自英汉文学 - 嘉莉妹妹

8 capability   

n.能力；才能；(pl)可发展的能力或特性等

参考例句：

• She has the capability to become a very fine actress.她有潜力成为杰出演员。
• Organizing a whole department is beyond his capability.组织整个部门是他能力以外的事。

9 competence   

n.能力，胜任，称职

参考例句：

• This mess is a poor reflection on his competence.这种混乱情况说明他难当此任。
• These are matters within the competence of the court.这些是法院权限以内的事。

10 chamber   

n.房间，寝室；会议厅；议院；会所

参考例句：

• For many,the dentist's surgery remains a torture chamber.对许多人来说，牙医的治疗室一直是间受刑室。
• The chamber was ablaze with light.会议厅里灯火辉煌。

11 scrutiny   

n.详细检查，仔细观察

参考例句：

• His work looks all right,but it will not bear scrutiny.他的工作似乎很好，但是经不起仔细检查。
• Few wives in their forties can weather such a scrutiny.很少年过四十的妻子经得起这么仔细的观察。

12 bolster   

n.枕垫；v.支持，鼓励

参考例句：

• The high interest rates helped to bolster up the economy.高利率使经济更稳健。
• He tried to bolster up their morale.他尽力鼓舞他们的士气。