National Development and Reform Commission, Administration of the Verification of Foreign-invested Projects Tentative Procedures
国家发展和改革委员会外商投资项目核准暂行管理办法
October 31, 2004 | BY
clpstaff &clp articles &Regulate the procedures whereby the National Development and Reform Commission reviews and approves foreign investment projects pursuant to a new project 'confirmation system'.
Promulgated: October 9 2004
Effective: as of date of promulgation
Interpreting authority: National Development and Reform Commission
Applicability: The Procedures apply to the verification of such foreign-invested projects as Sino-foreign equity joint ventures, Sino-foreign cooperative joint ventures, wholly foreign-owned enterprises, mergers and acquisitions of domestic enterprises by foreign business entities, and capital increases by foreign-invested enterprises (Article 2).
Investment projects to be established in Mainland China by investors from the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan shall, mutatis mutandis, be handled in accordance with the Procedures (Article 22).
Main contents: The Procedures detail the verification authorities and authority; project applications; verification procedure, conditions and validity; as well as amendment and verification thereof; concerning foreign-invested projects.
Related legislation: Administrative Licensing Law and State Council, Reform of the Investment System Decision, Jul 16 2004, CLP 2004 No.8 p6
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