Wenzhou people-funded direct investment overseas by the internal stop there is no applicant

Wenzhou people-funded "direct investment" overseas was stopped by the State administration of foreign exchange, "Wenzhou City, individual foreign direct investments pilot scheme" "Internal stop", there are no applicants only half a month pilot has suspended the program has not been approved by the State administration of foreign exchange, when the restart is still unknown January 7,　　Wenzhou Foreign Economic and Trade Bureau published in its own official website, "Wenzhou City personal foreign direct investment pilot scheme", which marks the first Chinese mainland to allow individuals to direct foreign investment in the city. "Low-key, now to low-key, such as real people can be formally approved to invest abroad, you follow it."　　"After the first report, when the reporter called again to Wenzhou Foreign economic and Trade Bureau of the relevant people, he said, because the program has not been approved by the relevant State departments, Wenzhou is only a pilot, so to low-key treatment."　　Two days ago, when the reporter called again to ask about the operation of the program, the relevant people said that the Wenzhou personal foreign direct investment pilot has been suspended.　　State Administration of foreign exchange to stop the pilot said that from January 7 onwards, the pilot program announced, but almost one weeks, before the first applicant, the plan was halted.　　Reporter recalls the interview, Wenzhou foreign Trade and Economic Cooperation Bureau, a leader has indeed told reporters that the Wenzhou as a pilot, did not pass the approval of the relevant State departments. "The major media reports, caused the attention of the State administration of foreign exchange, they called the Zhejiang and Wenzhou, said that the plan is not approved by the National Foreign Exchange administration, and the Wenzhou side must not propaganda, low-key treatment."　　"It is for this reason, for the sake of insurance, the cold treatment of Zhejiang, the pilot work of individual outbound direct investment has been halted internally," the source said. As for the time of the reboot, the person said, "Wait for the above."　　Because the funds to go abroad, generally have to first have a project, and then swap, if the foreign exchange authority to close the gate, the pilot is undoubtedly suffering from ice.　　Whether the pilot has a legal basis as a participant in the pilot program, Wenzhou, director of the Foreign Economic and trade office, Xiaoping said that the pilot in Wenzhou is not without legal basis. Xiaoping said that the Wenzhou pilot is based on the August 5, 2008 implementation of the "People's Republic of China Foreign Exchange Management regulation 17th:" Domestic institutions, domestic individuals to foreign direct investment or engaged in foreign securities, derivative products issued, transactions shall be registered in accordance with the provisions of the Foreign Exchange Management Department of the State Council. If the state requires prior approval or filing by the competent authorities concerned, it shall apply for approval or filing formalities before the registration of foreign exchange. "" The foreign exchange regulations only say that the relevant management departments to register, after the relevant authorities to approve or record, but there is no provision of the level of the competent authorities.　　"Xiaoping said. "For the objections of the State administration of foreign exchange, Zhejiang provincial authorities are now communicating with the State administration of foreign exchange. But before the superior support, the pilot suspended. "Pilot Moratorium, Wenzhou people some disappointment "in fact, the pilot was suspended, a little disappointed, but we expected."　　"Ms. Chen, who is doing business in Italy, said that the Wenzhou people's funds had long been invested overseas through many ways, even without a pilot, and the investment continued." Wenzhou SME Association President Zhou said that the introduction of the plan, certainly for individuals to carry out overseas investment benefits, now many people are watching. "In the beginning, there is a problem, which will make Wenzhou people wait and see attitude more obvious." Moreover, the pilot program restrictions strictly, in accordance with the program, only to allow investment in industrial, Wenzhou people's foreign investment is very unfavorable, traditionally, Wenzhou people's foreign investment in business-oriented industry. (Reporter Miolina)