China regulator says supports legitimate, compliant overseas direct investment

100 Yuan notes are seen in this illustration picture in Beijing

BEIJING (Reuters) – China’s foreign exchange regulator supports legitimate and compliant overseas direct investment, it said on its official microblog on Tuesday.

The State Administration of Foreign Exchange (SAFE) said it will work with relevant government departments to ensure the legitimacy and authenticity of overseas direct investment, and it will combat “false” investment activities.

(Reporting by Beijing Monitoring Desk)