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Capital account: ODI
Capital account: ODI
A Mainland enterprise injecting capital into Hong Kong is making outbound direct investment: NDRC approval or filing (Order No. 11), the commerce-department overseas investment certificate (Order No. 3) and bank FX registration come in sequence. Injecting funds before the papers are complete is hard to reconcile in later banking reviews and FX inspections; equity and money should follow the paperwork, not precede it.
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