What are FDI(foreign direct investment) and FII(foreign indirect investment)?
外商投资可分为外商直接投资和外商间接投资。
Foreign investment can be divided into foreign direct investment and foreign indirect investment.
外商直接投资,是指外商通过投资在中国境内直接设立和经营所投资的企业,取得对所投资企业的股权,拥有对所投资企业的经营管理权和控制权, 有合资、独资等形式 。
Foreign direct investment refers to the fact that foreign investors directly establish and operate
the invested enterprises in China through investment, acquire the equity of the invested enterprises,
have the rights of operation, management and control of the invested enterprises, and the forms of
foreign direct investment are of the joint ventures and sole proprietorship.
外商间接投资,是指外国投资者不参与在中国境内所投资企业的经营管理,也不享有对所投资企业的控制权,只是一个单纯在资本层面上的投资,如取得中国境内企业的股份、债券或者其他类似权益【例如:外国投资者以向中国境内的企业提供贷款的方式(可以约定年利率在24%以内)取得中国境内企业的债权】。
Foreign indirect investment refers to the fact that the foreign investors do not participate in the
operation and management of the enterprises invested in China, nor enjoy the right of control over
the invested enterprises. It is only an investment at the capital level, Such as acquiring shares,
bonds or other similar rights and interests of enterprises within China [For example, the foreign
investors can obtain the creditor's rights of enterprises in China by providing loans to enterprises
in China (the annual interest rate can be agreed to be within 24%)].
外商直接投资与外商间接投资的本质区别在于:外国投资者是否参与中国境内企业的经营管理并拥有对所投资企业的控制权。
The essential difference between the foreign direct investment and the foreign indirect investment
lies in whether foreign investors participate in the operation and management of enterprises in
China and have the right of control over the enterprises invested.