Shanghai Municipality, Acquisition of State-owned Enterprises in the Municipality by Foreign Investors Several Opinions Implementing Rules

上海市关于外资并购本市国有企业若干意见的实施细则

A set of provisions which governs the administration and procedures of acquiring State-owned enterprises by Foreign Investors in Shanghai

(Issued by the State-owned Assets Supervision and Administration Commission of Shanghai Municipal Government, the Shanghai Foreign Investment Commission and the Shanghai Administration of Industry and Commerce on, and effective as of, August 4 2003.)

Translated by A. Allen & Associates Ltd

(上海市国有资产监督管理委员会、上海市外国工作投资委员会、上海市工商行政管理局于二零零三年八月四日印发执行。)

Article 1: These Implementing Rules are formulated in accordance with the Acquisition of State-owned Enterprises in the Municipality by Foreign Investors Several Opinions (Hu Guo Zi Chan [2002] No.77) and relevant State and Shanghai provisions, in order to further promote the participation of foreign investors in the reorganization and restructuring of State-owned enterprises in Shanghai.

Article 2: The term "foreign investors" herein includes foreign companies, enterprises and other economic organizations or individuals as well as foreign-invested holding companies and foreign-invested enterprises that may engage in investment established in China with the approval of the Chinese government.

第一条根据《关于外资并购本市国有企业的若干意见》(沪国资产[2002]77号)及国家和本市的有关规定，为进一步推进外资参与本市国有企业的改组改制，制定本实施细则。

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