State Economic and Trade Commission, Administration of the Qualifications of Industrial and Commercial Sector Fixed Asset Investment Consulting Institutions Measures (Trial Implementation)

Promulgated: September 14 2001
Effective: as of date of promulgation
Interpreting Authority: State Economic and Trade Commission
Applicability: For the purposes of the Measures, an "investment consulting institution" means an intermediary institution with legal person status that engages in industrial and commercial sector fixed asset investment consulting business in the PRC (Article 2).

Main contents: The Measures provide that an investment consulting institution may begin to operate only after obtaining an appropriate qualification grade certificate (Article 2). Preliminary examination of the qualifications of investment consulting institutions shall be handled by the economic and trade commissions of provinces, municipalities directly under the central government and municipalities with independent development plans, and final examination and approval shall be handled by the State Economic and Trade Commission (Article 3). The Measures classify industrial and commercial sector fixed asset investment into 20 categories, and divide industrial and commercial sector fixed asset investment consulting business into six types (Articles 4 and 5). An investment consulting institution may apply for more than one type of investment consulting business in more than one industrial and commercial category (Article 6). Qualifications of investment consulting institutions are classified into three grades (Article 7). The conditions and the permitted business scope for each grade of qualifications are detailed in the Measures (Part Three). The Measures also provide for the application procedure for qualification certificates (Part Four). Holders of qualification certificates shall be subject to annual review by the State Economic and Trade Commission (Article 22).
Related legislation: State Council, Rectification and Regulation of the Market Economy Decision