Legislation needed for overseas investments, senior executive says

China should accelerate the legislation dealing with overseas investments by Chinese companies, as an increasing number of domestic companies extend their global footprints, a national legislator has said.

Nurturing domestic multinational corporations should be a "national strategy", and the government should provide a one-stop shop service to facilitate international expansion, said Ge Junjie, vice-president of Bright Food Group Co and a deputy to this year's session of the National People's Congress from Shanghai.

"An overseas investment law can serve as the legal framework for Chinese companies to enter the world stage, protect overseas assets and ensure sustainable growth," said Ge.