[National Development and Reform Commission Proposes Revising Regulations on Overseas Investment Management, Including Individual Residents in Filing Management] According to a report by Caixin, the National Development and Reform Commission (NDRC) has released the *Regulations on Overseas Investment Management (Revised Draft for Public Comment)* and is soliciting public feedback from August 21, 2026, to September 20, 2026. The draft expands the scope of investors to include individual residents and explicitly defines reinvestment abroad as overseas investment. Investors are required to obtain approval documents or filing notifications before carrying out overseas investments. For individual residents, the filing authority will be the provincial-level NDRC department in their place of household registration or habitual residence. The draft also mandates that investors submit an annual report on overseas investment information through an online system by March 31 each year.