The People’s Bank of China is one of five government agencies that drafted a 36-point code of conduct for the country’s private enterprises to follow in overseas investments. Photo: Reuters
The People’s Bank of China is one of five government agencies that drafted a 36-point code of conduct for the country’s private enterprises to follow in overseas investments. Photo: Reuters

China seeks to rein in overseas investment with 36-point code of conduct for private firms

Beijing tells companies to report their spending plans before signing deals, warns them against engaging in money laundering

The People’s Bank of China is one of five government agencies that drafted a 36-point code of conduct for the country’s private enterprises to follow in overseas investments. Photo: Reuters
The People’s Bank of China is one of five government agencies that drafted a 36-point code of conduct for the country’s private enterprises to follow in overseas investments. Photo: Reuters
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