Circular on Matters Concerning the Examination and Approval of Foreign-invested Venture Capital Investment Enterprises and Venture Capital Investment Management Enterprises

关于外商投资创业投资企业、创业投资管理企业审批事项的通知

Relaxation of approval authority creates foreign exchange control niche.

(Issued by the Ministry of Commerce on, and effective as of, March 5 2009.)

Shang Zi Han [2009] No.9

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, and state-level economic and technology development zones:

(商务部于二零零九年三月五日发布执行。)

商资函 [2009] 9号

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、新疆生产建设兵团商务主管部门，国家级经济技术开发区：

With a view to further transforming governmental functions, standardising the examination and approval of foreign investment and improving work efficiency, we hereby notify you on matters concerning the examination and administration of foreign investment in the venture capital investment sector as follows:

1. 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 (Provincial-level Competent Commerce Departments), and state-level economic and technology development zones shall be responsible in accordance with the law for the examination and administration of the establishment of and changes to foreign-invested venture capital investment enterprises and foreign-invested venture capital investment management enterprises with total capital of US$100 million or less.

为进一步转变政府职能，规范外商投资审批工作，提高工作效率，现就外商投资创业投资领域审核管理事项通知如下：

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