ODI rejections cluster around five issues: weak feasibility justification, financial capacity mismatch, source-of-funds ambiguity, sensitive industry/destination, and incomplete corporate chain documentation.
Most common rejection triggers: (1) Feasibility report that reads like a template — NDRC reviewers want specific market logic, counterparty detail, and return analysis. (2) Mismatch between investor's equity (net assets) and investment size — a 10x investment over net assets needs strong justification or a phased plan. (3) Unclear source of funds — undistributed profits vs new capital raise tell different stories. (4) Sensitive destinations/industries require approval not filing; applying through the wrong track wastes months. (5) Multi-layer offshore chains without clear purpose — reviewers ask why each layer exists. Practical fix: pre-review by an experienced agent who has seen the rejection patterns for your specific industry and destination.
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