Circular on Further Improving the Examination and Approval of Foreign Investment

关于进一步改进外商投资审批工作的通知

Acquisition of domestic enterprises in the encouraged or permitted category which transaction amount is less than or equal to US$100 million may be approved by local authorities.

(Issued by the Ministry of Commerce on March 5 2009.)

(商务部於二零零九年三月五日发布。)

Competent commerce departments of provinces, autonomous regions, municipalities directly under the central government, cities with independent development plans, Harbin, Changchun, Shenyang, Jinan, Nanjing, Hangzhou, Guangzhou, Wuhan, Chengdu, Xi'an and the Xinjiang Production and Construction Corp, state-level economic and technology development zones and state-level border economic cooperation zones:

With a view to further implementing a scientific development outlook, complying with the important requirements of the spirit of the Second Plenary Session of the 17th Central Committee of the Communist Party of China and the State Council with respect to promoting the reform of the administrative examination and approval system in order to create service-oriented government, and taking measures to expand domestic demand so as to maintain sound and relatively rapid development of the Chinese economy, the Ministry of Commerce has decided to continue intensifying the reform of the system for administration of foreign investment through examination and approval and further expand the authority of administration of foreign investment through examination and approval of competent local commerce departments and state-level economic and technology development zones. We hereby notify you of relevant matters as follows:

各省、自治区、直辖市、计划单列市，哈尔滨、长春、沈阳、济南、南京、杭州、广州、武汉、成都、西安、新疆建设兵团商务主管部门，国家级经济技术开发区，国家级边境经济合作区：

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