- Circular on Foreign-invested Joint Stock Company Approvals - Ministry of Commerce
- September 27, 2008
- Law Firm: Troutman Sanders LLP - Atlanta Office
This circular specifies that approvals for several types of foreign investment may now be approved by provincial Administrations of Commerce instead of by the Ministry of Commerce (MOFCOM). This mainly includes approved foreign-invested enterprises (FIEs) whose registered capital is below US$100 million (in encouraged industries) or below US$50 million (in restricted industries). However, the establishment of (or changes to) foreign-invested joint-stock companies below the aforementioned investment levels shall still be approved by MOFCOM.
This circular does not supersede rules affecting FIEs in industries with other specific approval requirements.