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China tightens study on offshore lists in unrestricted sectors for foreign investment Reuters

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© Reuters. FILE PHOTO: A Chinese yuan banknote can be seen in this photo illustration on May 31, 2017. REUTERS / Thomas White / Illustration

SHANGHAI (Reuters) – China on Monday said companies in sectors subject to foreign investment cuts in Beijing should seek government approval for offshore listings.

The National Development and Reform Commission (NDRC) also said that foreign capital should not be involved in the operations and management of these companies, and that foreign participation should be limited.

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