logo
Simplified Chinese Version

 

     We keep the strictest confidentiality for our clients while ensuring that the services we provide are without any conflict of interest. We provide high quality and high efficient professional legal services. We are absolutely careful and reliable.

 sina     in      f     bird
OUR  EXPERIENCE
  Banking Projects
    Facility
    Restructuring
   Derivatives
  Acquisition Projects
   Share Acquisition
   Assets/Business Acquisition
  Foreign Investment Projects
  Industrial Park Projects
  Cross Border RMB Transactions
General Corporate & Commercial
  Labor and Employment
  Litigation & Arbitration
    Litigation Cases
    Arbitration Cases
  Real Estate Projects
      Property Lease
      Property Sale and Purchase
    Property Development / Acquisition Projects
    Hotel Development / Management
Corporate Overseas Listing
General Legal Counsel

 

 


China has published new Catalogue for Guidance of Foreign Investment Industries
On 24 December 2011, China's National Development and Reform Commission and Ministry of Commerce jointly published the Catalogue for Guidance of Foreign Investment Industries which will take effect on 30 January 2012 and will replace the previous version published in 2007.
Such guidance catalogue is normally renewed after a three to four years interval, which divides the industries into four categories, namely "encouraged", "permitted", "restricted" and "prohibited". If the invested industry falls within the categories of "encouraged" or "permitted", it will be comparatively easier for foreign investor to obtain approval for investment, and in case the investment within the "encouraged" or "permitted" categories is to be made by an existing foreign invested enterprise, even no approval is required.
Some examples of adjustments made by the newly published catalogue include:
- financial leasing companies and medical treatment organizations have been moved from the "restricted" to the "permitted" category;
- villa construction and operation has been moved from the "restricted" to the "prohibited" category;
- production of key spare parts and components for new energy vehicles, construction and operation of motor-vehicle charging stations, venture capital investment, industrial property service, etc. have been added to the "encouraged" category.
Since the Catalogue for Guidance of Foreign Investment Industries has been renewed, we expect that another important catalogue, namely "Catalogue of Priority Industries for Foreign Investment in the Central-Western Region" would be renewed soon.
According to the Chinese laws, if the industry of a foreign investment enterprise falls within the "encouraged" category of the "Catalogue for Guidance of Foreign Investment Industries", or falls within the "Catalogue of Priority Industries for Foreign Investment in the Central-Western Region", then in principle such enterprise may within its total investment import self-used equipment free of import duty .

**************************************************************************************

Disclaimer
Any legal information contained in this newsletter is general in nature and laws and regulations are changing from time to time and compliance will always depend upon the particular circumstances. We have not attempted to give exhaustive descriptions of law or to give a legal opinion on specific legal issues. You should not rely on this newsletter as a legal advice for any particular purpose.

 

ICP05029902

Copyright © 2004 Henry Zhuang & Partners. All rights reserved. Disclaimer