The National Development and Reform Commission: Where an investor invests in outbound investment prohibited by the state, the National Development and Reform Commission shall order the cessation of such investment activities

Odaily reports: The National Development and Reform Commission has issued measures for the administration of outbound investment. Among other provisions, it states that where an investor invests in outbound investment prohibited by the state, the National Development and Reform Commission shall order the cessation of such investment activities, require the disposal of shares and assets within a specified period, and confiscate illegal gains; where the investor refuses to comply, a fine of not less than 5% and not more than 10% of the Chinese investment amount shall be imposed; the directly responsible persons in charge and other directly responsible personnel shall be fined not less than RMB 50,000 and not more than RMB 100,000; where a crime is constituted, criminal liability shall be pursued in accordance with the law.