Decision of the Ministry of Commerce on Repealing Some Rules
Decision of the Ministry of Commerce on Repealing Some Rules
Decision of the Ministry of Commerce on Repealing Some Rules
Order of the Ministry of Commerce of the People's Republic of China [2019] No.3
December 28, 2019
The Decision of the Ministry of Commerce on Repealing Some Rules, which was adopted at the 21st ministerial meeting of the Ministry of Commerce on December 26, 2019, is hereby promulgated and shall take effect from January 1, 2020.
Minister, Zhong Shan
Decision of the Ministry of Commerce on Repealing Some Rules
To implement the work arrangements of the State Council on sorting out regulations, rules and normative documents inconsistent with the current opening-up policies and the Foreign Investment Law of the People's Republic of China, the Ministry of Commerce has sorted out relevant rules. Upon content of relevant departments, it is now decided that:
I. The Interim Provisions concerning the Establishment of Foreign-invested Companies Limited by Shares (Order of the Ministry of Foreign Trade and Economic Cooperation [1995] No.1; revised according to the Order of the Ministry of Commerce [2015] No.2) shall be repealed.
II. Upon consent of the State Administration for Market Regulation, the Several Provisions on the Alteration of Investors' Equities in Foreign Investment Enterprises (Wai Jing Mao Fa Fa [1997] No.267) shall be repealed.
III. Upon consent of the Ministry of Finance, the People's Bank of China, and the China Banking and Insurance Regulatory Commission, the Tentative Regulations on the Attraction of Foreign Capital by Financial Asset Management Companies to the Restructuring and Disposal of Assets (Order of the Ministry of Foreign Trade and Economic Cooperation, the Ministry of Finance and the People's Bank of China [2001] No.6) shall be repealed.
IV. Upon consent of the General Administration of Customs, the Detailed Implementation Rules for the Administration of Automatic Import Licensing of Foreign-invested Enterprises (Order of the Ministry of Foreign Trade and Economic Cooperation and the General Administration of Customs [2002] No.4; revised according to the Order of the Ministry of Commerce [2015] No.2) shall be repealed.
V. Upon consent of the Ministry of Natural Resources, the Administrative Measures for Foreign-invested Mineral Exploration Enterprises (Order of the Ministry of Commerce and the Ministry of Land and Resources [2008] No.4; revised according to the Order of the Ministry of Commerce [2015] No.2) shall be repealed.
VI. The Interim Provisions of the Ministry of Commerce on Equity Contribution of Foreign-invested Enterprises (Order of the Ministry of Commerce [2012] No.8; revised according to the Order of Ministry of Commerce [2015] No.2) shall be repealed.
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Order of the Ministry of Commerce of the People's Republic of China [2019] No.3
December 28, 2019
The Decision of the Ministry of Commerce on Repealing Some Rules, which was adopted at the 21st ministerial meeting of the Ministry of Commerce on December 26, 2019, is hereby promulgated and shall take effect from January 1, 2020.
Minister, Zhong Shan
Decision of the Ministry of Commerce on Repealing Some Rules
To implement the work arrangements of the State Council on sorting out regulations, rules and normative documents inconsistent with the current opening-up policies and the Foreign Investment Law of the People's Republic of China, the Ministry of Commerce has sorted out relevant rules. Upon content of relevant departments, it is now decided that:
I. The Interim Provisions concerning the Establishment of Foreign-invested Companies Limited by Shares (Order of the Ministry of Foreign Trade and Economic Cooperation [1995] No.1; revised according to the Order of the Ministry of Commerce [2015] No.2) shall be repealed.
II. Upon consent of the State Administration for Market Regulation, the Several Provisions on the Alteration of Investors' Equities in Foreign Investment Enterprises (Wai Jing Mao Fa Fa [1997] No.267) shall be repealed.
III. Upon consent of the Ministry of Finance, the People's Bank of China, and the China Banking and Insurance Regulatory Commission, the Tentative Regulations on the Attraction of Foreign Capital by Financial Asset Management Companies to the Restructuring and Disposal of Assets (Order of the Ministry of Foreign Trade and Economic Cooperation, the Ministry of Finance and the People's Bank of China [2001] No.6) shall be repealed.
IV. Upon consent of the General Administration of Customs, the Detailed Implementation Rules for the Administration of Automatic Import Licensing of Foreign-invested Enterprises (Order of the Ministry of Foreign Trade and Economic Cooperation and the General Administration of Customs [2002] No.4; revised according to the Order of the Ministry of Commerce [2015] No.2) shall be repealed.
V. Upon consent of the Ministry of Natural Resources, the Administrative Measures for Foreign-invested Mineral Exploration Enterprises (Order of the Ministry of Commerce and the Ministry of Land and Resources [2008] No.4; revised according to the Order of the Ministry of Commerce [2015] No.2) shall be repealed.
VI. The Interim Provisions of the Ministry of Commerce on Equity Contribution of Foreign-invested Enterprises (Order of the Ministry of Commerce [2012] No.8; revised according to the Order of Ministry of Commerce [2015] No.2) shall be repealed.
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