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

商务部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

May 09, 2009 | BY

clpstaff &clp articles &

Relaxation of approval authority creates foreign exchange control niche.

Clp Reference: 2300/09.03.05 Promulgated: 2009-03-05 Effective: 2009-03-05

Issued: March 5 2009
Effective: as of date of issuance

Main Contents: Competent commercial 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 (Article 1).

Related Legislation: Provisions for the Administration of Foreign-invested Venture Capital Investment Enterprises, Jan 30 2003, CLP 2003 No.2 p.35

clp reference:2300/09.03.05prc reference:商资函 [2009] 9号promulgated:2009-03-05effective:2009-03-05

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]