Chongqing Municipality, Encouraging Foreign Investment Several Policy Provisions

Issued: April 17 2001
Effective: as of date of issue
Applicability: "Foreign investment" includes investment by Hong Kong, Macao and Taiwan businesses (Item One).

Main contents: According to the Provisions, foreign investment in Chongqing is not subject to any additional restriction in respect of industry, equity percentage, form of investment, type of operation and duration unless otherwise imposed by the State (Item One). Preferential policies applicable to foreign investment in Chongqing that have been previously promulgated under separate covers are now consolidated in the Provisions. New preferential policies are also added to reflect the recent policy of the State regarding the economic development of the western part of China. Areas covered by these previously existing and newly-added preferential policies include regulatory approval (Part Two), corporate registration (Part Three), taxation (Part Four), land, resources and real property (Part Five), foreign exchange and credit facilities (Part Six), imports and exports (Part Seven) and human resources (Part Eight).
Related legislation: Chongqing Municipality, Issue of the Newly-added Preferential Policies for Encouraging Foreign Investment Circular, 2000; Chongqing Municipality, Administration of the Land Use of Foreign Investment Enterprises Procedures; Chongqing Municipality, Transmission of the Strengthening the Administration of Land and Resources to Promote the Opening up of Western China Opinion Circular, 2001; Foreign Investment Industrial Guidance Catalogue (Amended in 2007), Oct 31 2007, CLP 2007 No.10 p22; Guiding Foreign Investment in the Dominant Industries of the Central and Western Regions Catalogue, Jun 16 2000, CLP 2000 No.7 p11; State Council, The Adjustment of Tax Polices on Imported Equipment Circular, Dec 29 1997, CLP 1997 No.1 p11 and Import Goods Not Exempt from Taxation for Foreign Investment Projects Catalogue (Trial Implementation), Dec 31 1997, CLP 1997 No.2 p13
Repealed legislation: Chongqing Municipality, Encouragement of Foreign Investment Several Preferential Policies, Jan 20 1997, CLP 1997 No.1 p21; Chongqing Municipality, Encouragement of Foreign Investment Several Preferential Policies Supplementary Circular, 1998 and Chongqing Municipality, Encouragement of Foreign Investment in Agriculture Several Preferential Policies, 1997