China introduces measures to support overseas investment in domestic sci-tech firms
China DailyAn employee oversees the production line of a motor manufacturing company in Yueqing, Zhejiang province. CAI KUANYUAN/FOR CHINA DAILY BEIJING - Chinese authorities released a document Friday introducing new measures to encourage overseas institutions to invest in China's domestic sci-tech enterprises. Overseas institutions will also be supported to invest in domestic sci-tech enterprises through the Qualified Foreign Limited Partner scheme. Domestic venture capital funds established by overseas institutions will enjoy equal treatment with those established by domestic investors, according to the document. Eligible overseas institutions will be encouraged to issue yuan-denominated bonds in China and invest in the sci-tech field, and the pilot projects that facilitate cross-border financing will be expanded nationwide.