25 December 2021
On 25 December 2021, the Department of Commerce of Guangdong Province issued the “Implementation Rules of Overseas Investment Administrative Measures in Guangdong Province”. The implementation rules clarified the administrative authority, administrative methods, record filing procedures, approval procedures, and code of conduct for the overseas investment of enterprises in Guangdong Province to carry out overseas investment. Enterprises investing in Hong Kong, Macao and Taiwan shall refer to the detailed rules. Among them, enterprises established in Hong Kong and Macao must register at the Economic Affairs Department of the Liaison Office of the Central People’s Government in Hong Kong and Macao within 30 days upon completion of the business registration procedures. The rules will come into force on 1 February 2022 and will be valid for 5 years.