[每天懂点法]China Releases Regulations on Investment Project

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On June 12, China’s National Development and Reform Commission (NDRC)（国家发改委） released the “Administrative Regulations on Approval and Filing of Investment Project,” which is currently open to public commentary. According to the Regulations, enterprises seeking to invest in projects that are subject to the government approval are required to submit an application report, which includes detailed information of the company, the introduction of the project, as well as an analysis of resources use and the influence over the society. China will implement an online supervision platform, gradually allowing enterprises to complete the approval and filing procedures（程序） online. In principle, the government shall decide whether to grant the approval within 20 working days following the date of application submission（提交申请）.

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