China will continue to scrutinize the...>

CHINA PRESS: China will continue to scrutinize the authenticity and compliance

of outbound direct investment (ODI) while promoting legal investment, Caixin, a

prominent financial magazine, reported Thursday, citing Guo Song, director of

the Capital Account Management Department of the State Administration of Foreign

Exchange. Any rapid expansion of ODI could easily trigger risks with foreign

exchange, push up prices of foreign assets and worsen capital outflows, Guo

said. Regulators have noticed that some companies have transferred capital in

the name of ODI but instead invested illegally in foreign equity markets.

Regulators will support overseas mergers and acquisitions in a market-oriented

way, following the guidelines of the "Going Out" strategy and the "One Belt, One

Road" initiative, Guo said. (Caixin Magazine)