NDRC Proposes Revision of "Measures for the Administration of Outbound Investment": Individual Residents Included, Outbound Investment Subject to Filing Management

TechFlow reports that on August 24, according to Caixin News, the National Development and Reform Commission (NDRC) released the Draft Revision of the Measures for the Administration of Outbound Investment Management for public comment, with the consultation period running from August 21 to September 20, 2026. The draft revision expands the scope of investors from enterprises to include domestic companies, other organizations, and resident individuals, and explicitly states that reinvestment abroad by investors is also classified as outbound investment. Under the outbound investment supervision framework, investors are required to obtain an approval document or filing notice prior to implementing any outbound investment, covering matters such as investment classification, regulatory responsibilities, and approval/filing procedures and timelines. For newly covered resident individuals, the approving authority will be the NDRC, while the filing authority will be the provincial-level development and reform departments at their place of household registration or habitual residence.

The draft introduces new systems for the annual reporting of outbound investment information and the reporting of preliminary work progress. It requires investors to submit an annual report on outbound investment information via an online system by March 31 each year, thereby notifying the development and reform authorities of their outbound investment details as of the end of the preceding year.