China bans overseas gambling investment
"There are profound changes taking place within China and internationally, that offer Chinese companies a good opportunity to invest overseas, but there are also many risks and challenges," the State Council said to the press last week.
The new measures are focusing on promoting investments related to energy resources exploration, agriculture, along with ones that advance China's technical abilities and research and development.
According to the local media, Chinese authorities are trying to channel to align foreign investments with national economic and strategic goals.
"This probably is not really a new regulation, as such overseas investment like property, hotel and gambling have never been openly encouraged by the Chinese government," wrote Credit Suisse analyst Vincent Chan in a note.
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