Foreign Exchange Bureau: will promote foreign PE investment in China's strategic emerging industries (VC279)

Liu Wei, director of the General Department of the State Administration of Foreign Exchange, said at the Zhongguancun Forum that in support of independent innovation and strategic emerging industries, the SAFE will increase its support for "introducing" and "going out" and simplify its work in high-tech enterprises. Procedures for reviewing and approving foreign exchange settlements of foreign investment in cluster areas.

Liu Wei also said that it will strengthen coordination and cooperation with relevant departments, research and support the management of foreign private equity investment funds, and through innovative management methods, under the premise of risk control, pilot trials of capital settlement may be conducted to promote foreign private equity Investment funds serve China's strategic emerging industries.

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