China return investment is refers to the economic activity of a domestic investor in an economy to transfer its monetary capital or equity to overseas  which is then invested in the economic behavior of the economy as a direct investment.Return investment can be divided into narrow and broad.The narrow sense of return investment only refers to the cross-border movement of monetary capital, and the broad sense of return investment also includes the cross-border transfer of equity caused by reverse mergers and acquisitions.

　Return investment as a special phenomenon in the process of utilizing foreign capital in China, the return investment has been widely concerned.The history of return investment can be traced back to the beginning of reform and opening up.The early return investment mainly shows the cross-border real flow of monetary funds; In the recent period, cross-border mergers and acquisitions as the main means, the domestic capital rights and interests of the cross-border transfer, and even some people call the foreign investment of domestic enterprises "movement".The emergence of return investment is the result of the comprehensive effect of the use of foreign capital policy, capital market development, tax system reform, capital project management and other factors.It has a complicated domestic institutional background, and its motivation is pluralistic, and its impact on domestic economic development, financial stability and social justice is also manifold.Only through comprehensive analysis and comprehensive judgment can policies be reasonably regulated and guided.