Wenzhou authorized individual overseas direct Investment limited enterprise

According to the Shanghai Securities Daily, Wenzhou was allowed to make direct personal investments in overseas markets, including Hong Kong, as the first mainland province to allow individual funds to be "free to do". Wenzhou recently issued the "Wenzhou City of individual foreign direct investment pilot scheme", allowing 18 years of age and above the Wenzhou household registration and access to private passports can be invested abroad. Under the pilot scheme, investors can use their own foreign exchange funds, renminbi purchases and other foreign exchange asset sources approved by the Municipal Exchange office for foreign direct investment.　　The profits of investors ' foreign direct investment may be retained abroad for reinvestment abroad. The mode of investment is limited to the establishment of non-financial enterprises or the rights of ownership, control and management of non-financial enterprises by means of new, mergers and acquisitions, etc., but investment is not allowed to involve energy and minerals.　　At the same time, investors may not exceed the amount of $3 million per foreign investment, a number of investors to jointly implement a foreign direct investment, the total investment does not exceed the equivalent of 10 million U.S. dollars; At present, the channel of Chinese residents investing abroad is very limited.　　Generally speaking, domestic residents can only invest in B-Shares, QDII products (financial products invested in overseas markets), foreign currency financial products issued by commercial banks, or carry out foreign exchange and gold trading, investment channels are extremely limited. Zhouxiaoping, director of Wenzhou Foreign trade and economic services, said that the introduction of the pilot scheme would help widen the outflow channels of Wenzhou's people's capital and further promote the participation of private capitals in international competition and international cooperation.　　At the same time, the "go out" of the people's capital, in addition to the traditional manufacturing in Wenzhou, will be to research and development, sales and other profit space in the direction of a larger, conducive to promoting the development of Wenzhou open economic transformation. Dewen, president of Wenzhou SME Promotion Association, said that Wenzhou has 800 billion to 1 trillion of the renminbi circulating capital, which makes it easier for the money to be invested overseas. Wenzhou people through underground banks or overseas relatives and friends abroad to buy property. Dewen that, although the pilot program explicitly forbid "speculation", each investment will have strict approval, but if Wenzhou people open factories outside, the acquisition of corporate land and property is understandable, I believe can benefit from the new policy. "Author:" Financial "comprehensive report"