| Import Limit to the Establishment of Investing Corporation by Foreign Investors Loosen |
| 6/7/2006 1:1:0 Ministry of Business Affairs |
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On the other day, the Ministry of Commerce issued "Supplementary Regulations on the Establishment of Investing Corporation by Foreign Investors", which will be officially implemented on July 1. A series of its articles is about reducing the limit to the foreign-invested enterprises, and loosening the stipulation of import. It appeared that the limit of market opening has been further loosen in our country.
According to the newly issued "Supplementary Regulations", the condition of location application is also largely loosened for the headquarters of the investing corporation. The registered capital paid is no longer limited strictly by "no lower than 100 million US dollars" or by "no lower than 50 million US dollars, the gross asset of investing corporation the previous year is no lower than RMB 3 billion yuan and the total profit is no lower than RMB 100 million yuan".
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