Hua Zhong, head of the department of foreign capital and overseas investment at the National Development and Reform Commission, said the new catalog will reflect China's economic growth trends and industrial advancements.
China will allow Germans to invest up to 80 billion yuan, or around 13 billion US dollars, in China's stock exchanges through the Renminbi Qualified Foreign Institutional Investor scheme.
Approval for overseas investment will be made easier to obtain, including procedures for listings, mergers and acquisitions, and for banks setting up overseas branches.
For example, the QFLD for the qualified foreign investors, they can come in and to jump into the rights and the user rights for the buying and quitting mode.