Ministry of Commerce, Supplementary Provisions for the Measures for the Administration of Foreign Investment in the Commercial Sector (5)

商务部外商投资商业领域管理办法补充规定 (五)

May 31, 2012 | BY

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Hong Kong and Macao investors allowed to engage in wholly-owned retail grain business in Guangdong.

Clp Reference: 5400/12.04.10 Promulgated: 2012-04-10 Effective: 2012-04-10

Promulgated: April 10 2012
Effective: as of date of promulgation

Main contents: A Hong Kong or Macao service provider that has opened a total of more than 30 outlets on the mainland and sells different types and brands of grains from multiple suppliers shall be permitted to operate as a wholly-owned business on a pilot basis. The aforementioned business shall be limited to Guangdong Province only (Article 1).

With respect to other foreign investors, if such an investor has opened a total of more than 30 outlets in China and sells grains of different brands and from different suppliers, its capital contribution percentage may not exceed 49% (Article 4).

Related legislation: Measures for the Administration of Foreign Investment in the Commercial Sector, Apr 16 2004, CLP 2004 No.4 p.24; Supplementary Provisions for the Measures for the Administration of Foreign Investment in the Commercial Sector (4), Feb 5 2009, CLP 2009 No.2 p.33; Supplementary Provisions for the Measures for the Administration of Foreign Investment in the Commercial Sector (3), Nov 5 2007, CLP No.10 p.13; and Supplementary Provisions for the Measures for the Administration of Foreign Investment in the Commercial Sector (2), Nov 3 2006, CLP 2006 No.10 p.10

clp reference:5400/12.04.10promulgated:2012-04-10effective:2012-04-10

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