As the Chinese government is stepping up its revision of outward direct investment regulations, all outward investments will be managed through registration while approvals will be reserved for investments in sensitive regions or sectors, Shen Danyang, spokesman of the Ministry of Commerce, told reporters on Tuesday.

China pledged to expand outward direct investment by enterprises and individuals and reform the management mechanism during the Third Plenary Session of the 18th Central Committee of the Communist Party of China. The ministry is an important force in advancing the reforms.

Meanwhile, the ministry is working together with other departments to formulate specific plans for reforming the investment management mechanism, Shen added. The government will also improve information services and help investors abroad guard against risks.