China's National Development and Reform Commission (NDRC) announced on Thursday revisions to its outbound investment rules, aiming to better prevent and mitigate growing overseas risks and protect Chinese interests. The new rules require Chinese investors to more diligently report significant adverse developments, including situations where foreign entities demand the surrender of technology or data, or the disposal of equity and assets. The new regulations will also establish an annual reporting framework, optimize reporting requirements for reinvestments by offshore entities, and introduce early reporting obligations for certain large projects or those that could impact China's diplomatic relations. The regulations will take effect on December 1 and will expand their scope to include individual investors.