The National Development and Reform Commission (NDRC) released the Circular on Improving Regulation of Investment Overseas, requiring domestic companies' submission of project information report to it before acquiring brands and assets overseas.

When attempting to purchase and bid brands, other IPRs and assets, domestic companies shall take into account various factors, make elaborate working plan and prevent investment risk effectively.  Before signing binding agreement, offering binding price, submitting application to related government agencies and bidding for project, companies shall submit project information report to NDRC.  NDRC shall produces confirmation to the applicant within seven working days.  If finding key negative factors in the project, NDRC will make special note to alert possible risk.

(China IP News)