On June 2, 2026, China’s State Council officially released the revised Administrative Provisions on Overseas Investment, containing 34 detailed clauses, which will be fully implemented starting from July 1 this year. The new regulation marks a key institutional upgrade for China’s cross-border investment governance, balancing high-standard opening-up and precise risk supervision. The new rules comprehensively optimize the whole-process filing and approval procedures for overseas investment projects, greatly simplifying administrative procedures and improving the efficiency of Chinese enterprises’ cross-border investment layout. It establishes a hierarchical and classified risk prevention and control system, targeting overseas investment risks such as blind expansion, irregular capital outflow and overseas asset operation loopholes. The policy clearly supports domestic market entities to carry out overseas investment activities in accordance with market-oriented principles. It focuses on encouraging outbound investment in high-end manufacturing, new energy industries, digital economy and technological innovation fields, guiding Chinese capital to participate in global industrial chain cooperation in a standardized and orderly manner. Different from previous regulatory rules that focused on risk restraint, the new version pays equal attention to service and supervision. It improves the legal protection mechanism for overseas investment rights and interests, provides policy support for enterprises’ cross-border operation, and helps Chinese brands build global industrial layout. Economists pointed out that the implementation of the new overseas investment regulation will further release the vitality of market entities, promote steady and healthy outbound investment growth, and demonstrate China’s determination to expand high-level institutional opening-up, bringing long-term favorable conditions for Sino-foreign economic and trade cooperation.