Business - Are there any new regulations concerning the criteria, scope and proceedings for the appr

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inbeijing
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Business - Are there any new regulations concerning the criteria, scope and proceedings for the appr

Postby inbeijing » Fri Jul 11, 2014 4:06 pm

Business - Are there any new regulations concerning the criteria, scope and proceedings for the approval of foreign invested projects in the new Catalogue for the GFIP?

Business - Are there any new regulations concerning the criteria, scope and proceedings for the approval of foreign invested projects in the new Catalogue for the Guidance of Foreign Investment Policies (Amended in 2007)?

The Catalogue is an important orientation policy for attracting foreign investment in the new period of China, and serves as the major basis for the direction and approval of foreign invested projects and related applicable policies for foreign invested enterprises. The provisions in the Catalogue stating the share proportion of "restricted to joint ventures and cooperative enterprises," "holding of shares by the Chinese Party" or the "Chinese Party taking a relative majority stake" are applicable to foreign investment access of newly established projects and to foreign invested projects like capital increase and mergers and acquisitions of foreign invested enterprises. The reform of the foreign invested project approval management system shall be combined and keep abreast of the deepening of the reforms of the investment and financing system. The scope and proceedings of foreign invested project approval shall conform to The Guiding the Directions of Foreign Investment Provisions (No. 346 of the State Council) and Resolution of the State Council on Investment System Reform (National Development No. [2004] 20).

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