NDRC to issue guidelines for SOEs planning foreign investment

The nation's top economic regulator plans to soon issue "code of conduct" for State-owned enterprises carrying out outbound investment, with guidelines for private companies already in place.

The National Development and Reform Commission (NDRC) published a "code of conduct" for private enterprises making outbound investment on Monday.

The guidelines will help enterprises to better identify risks in foreign countries, and promote healthy development of going out strategy, according Meng Wei, spokeswoman of the National Development and Reform Commission.

Enterprises should invest in projects that meet the needs in destination countries and should strengthen efforts to protect environment, according to the guidelines.