Using Foreign Investment to Reorganize State-owned Enterprises Tentative Provisions

利用外资改组国有企业暂行规定

A detailed legislation on the reorganization of state-owned enterprises (SOEs) by using foreign investment.

Share:

(Promulgated by the State Economic and Trade Commission, the Ministry of Finance, the State Administration for Industry and Commerce and the State Administration of Foreign Exchange on November 8 2002 and effective as of January 1 2003.)

(国家经济贸易委员会、财政部、国家工商行政管理总局、国家外汇管理局于二零零二年十一月八日公布,自二零零三年一月一日起施行。)

Article 1: These Provisions have been formulated pursuant to the PRC Company Law, the PRC Contract Law and State laws and regulations concerning foreign investment and administration of State-owned assets, in order to attract and regulate the Use of Foreign Investment to Reorganize State-owned Enterprises, promote the strategic restructuring of the State-owned economy, accelerate the pace at which State-owned enterprises establish modern corporate systems and safeguard social stability.