State-owned Assets Supervision and Administration Commission of the State Council and Ministry of Finance, Circular on Matters Relevant to the Transfer of Enterprise State-owned Assets and Equity

国务院国有资产监督管理委员会、财政部关于企业国有产权转让有关事项的通知

February 28, 2007 | BY

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The transfer of state-owned assets must be done publicly, and be verified and approved in accordance with relevant provisions.

Promulgated: December 31 2006

Main Contents: Except in special circumstances where there is a genuine need to conduct the transfer by way of agreement, transfer of enterprise state-owned assets and equity to foreign investors shall be conducted publicly at the asset and equity exchange market, and shall be reported by the transferor to the government departments performing the relevant function for examination, verification and approval in accordance with the relevant state administrative provisions.

Transfer of enterprise state-owned assets and equity to investors from the Hong Kong Special Administrative Region, Macao Special Administrative Region and Taiwan Region shall be handled with reference to the above-mentioned provisions (Section Two).

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