State Council, Decision on the Sixth Batch of Items in Respect of Which the Administrative Examination and Approval are Abolished or Revised

国务院关于第六批取消和调整行政审批项目的决定

171 items no longer require examination and approval.

Clp Reference: 1100/12.09.23 Promulgated: 2012-09-23

Issued: September 23 2012

Main contents: The Decision has abolished 171 items that require administrative examination and approval and revised 143 items of administrative examination and approval requirements. According to the Decision, the State Council has abolished the administrative examination and approval requirement for the following items:

1. foreign-invested projects whose products require export quotas or licences;

2. exemption of withholding tax on interest derived by foreign parties from extending loans to Chinese parties at a preferential interest rate;

3. changes in the operating capital of the (sub-)branches of foreign-invested banking institutions of a business nature;

4. changes in the place of business of the (sub-)branches of foreign-invested banking institutions of a business nature;

5. establishment of pooled asset management plans by securities companies;

6. share buyback by listed companies; and

7. the outward remittance of net profit in foreign currencies or the purchase of foreign exchange for outward remittance of net profit in renminbi by foreign-invested banks and Chinese-invested banks in which foreign investors make an equity participation.

The examination and approval authority of the following items has been delegated to lower level authorities:

1. pre-sale of commodity premises;

2. establishment of and changes in foreign-invested road passenger transportation enterprises;

3. establishment of and changes in foreign-invested urban planning services enterprises;

4. establishment of and changes in foreign-invested import and export commodity inspection and assessment institutions;

5. establishment of and changes in foreign-invested certification training or certification consulting enterprises;

6. establishment of and changes in foreign-invested international freight forwarding agencies that engage in international express delivery services;

7. establishment of and changes in foreign-invested insurance brokerages;

8. establishment of and changes in foreign-invested auction houses;

9. establishment of and changes in foreign-invested book, newspaper and periodical distribution enterprises;

10. establishment of and changes in foreign-invested enterprises dedicated to online selling;

11. establishment of and changes in Sino-foreign equity and cooperative joint medical institutions;

12. establishment of and changes in Sino-foreign cooperative joint wholesalers of audio and video products;

13. establishment of (sub-)branches of foreign-invested advertising enterprises;

14. establishment, acquisition or cancellation of (sub-)branches of securities companies; and

15. engagement in the listing of foreign-invested shares in China by overseas securities business institutions.

The number of authorities responsible for examination and approval of the following items shall be reduced:

1. the establishment and termination of business of insurance asset management companies and their (sub-) branches (dissolution, bankruptcy and cancellation of (sub-)branches); and

2. changes in material events pertaining to insurance asset management companies.

The issue of registration certificates for imported pharmaceuticals, re-registration of imported pharmaceuticals and the examination and approval of the supplementary application for changes in the matters specified in the approval documents of imported pharmaceuticals and the appendices thereof shall be combined as one single item, “registration of imported pharmaceuticals”, for examination and approval.

clp reference:1100/12.09.23 issued:2012-09-23