Procedures for the Establishment of Representative Offices of Foreign Enterprises

With the adoption of the policy of reform and opening to the outside world, more and more foreign enterprises (including overseas Chinese, Hongkong and Macao ones) wish to establish permanent representative offices in China. In order to help foreign businessmen understand the rules and regulations and the procedures relating to the establishment of

Exploring New Ways to Deepen the Reform of State-owned Foreign Economic and Trade Enterprises

By the end of the century, the reform and development of China’s state-owned enterprises will create new prospects. The reform of state-owned foreign economic and trade enterprises should also see further breakthroughs. At present, the following aspects are important: 1. Implement a Holdings System in the Reform of State-owned Foreign Economic and Trade Enterprises. The holdings system plays a major role in transferring the management mechanism of state-owned foreign economic and

An investigation and analysis of the export earnings of 100 foreign trade enterprises in the first five months of this year

In order to understand the export situation faced by Chinese foreign trade enterprises and learn about their difficulties and problems in this regard, the China Association of Foreign Trade and Economic Cooperation Enterprises carried

Relevant State Agencies Will Conduct a Joint Annual Inspection on Foreign Invested Enterprises

The Ministry of Foreign Trade and Economic Coop-eration (MOFTEC),the State Administration forIndustry and Commerce (SAIC),the State Economicand Trade Commission (SETC),the Ministry of Finance(MOF),the State Administration for Exchange Control(SAEC),the State Taxation Bureau (STB) and the GeneralCustoms Administration (GCA) (hereinafter referred to asCompetent Joint Annual Inspection Agencies) have jointlyissued a circular a few days before which stipulates that,from the year 1997 onwards,a joint annual inspection willbe conducted on FIEs in order to further improve and stan-dardize China’s investment environment,lessen the burdenson the shoulders of enterprises and enhance the level of ad-ministration over FIEs.

Highway Freight Can Be Permitted to Foreign Wholly-Funded Enterprises

Chang Chunxian, deputy minister invested or donated by a foreign coun-of communications said recently

INTRODUCTION OF FOREIGN FUNDS AND ENTERPRISES:EXPRESS TRAIN IN HIGH SPEED RAILWAY

Introduction of foreign funds and enterprises=Drawing in moneyand valuables=Lifeline of economic and technological develop-ment zoneSuch description of its importance will be perceived more di-rectly.We may also say that the GETDD is a collection of projects.Therefore,they made favorable policies on stock righhts,mar-ket and profits distribution.Its goals are great:To introduce large,high standard and good projects.What is the delicate art between the "attract" and "draw"?Mr.Wang Deye mentioned a vivid figure "theory of ants ef-fect".The statistics show that foreign-invested projects rapidly in-creased.By the end of 1996,they have totally introduced

Some Main Foreign Invested Enterprises in Tianjin

MOTOROLA (CHINA) ELECTRONICS LTD. DIRECTOR: RICH YOURTS G. MANAGER: P.T.LAI ADD: NO. 10, 4TH AVENUE, TEDA TIANJIN, CHINA. TEL: 022-25325050 FAX: 022-25326975 P.C.: 300457 TIANJIN MITSUMI ELECTRIC CO., LTD. DIRECTOR: MORIBE LISUO G.MANAGER: TAMURA TRA-

China's Foreign Trade Enterprises and Modern Enterprise System

Foreign trade enterprises in China are now reviving up their efforts in transforming their foreign trade operational mechanism in line with the requirements of a socialist market economic structure, and State enterprises are being restructured into modern enterprises. Over the past few years, Chinese foreign trade enterprises have undergone progressively deepening reform, changing from carrying out State mandatory planning during the early days of reform into self-governing and profit-

Compliance of Documentation Transfer Pricing Requirements in Foreign Direct Investment Enterprises in Vietnam

The increase of inter-boundary transactions brings a number of benefits for enterprises. However, even when benefits of transfer pricing are evident, multinational organizations still face legal challenges, including performing parts of transactions in another jurisdiction and motives of tax officials in investigating transfer pricing. This is especially true when countries do not want to lose benefits from tax collection. Therefore, many countries and organizations such as the Organization for Economic Cooperation and Development （OECD）, Pacific Association of Tax Administrators （PATA）, the European Union （EU）, and Vietnam have introduced requirements for transfer pricing documentation to prevent transfer pricing manipulation and maintain benefits from taxes. The aim of this research was to assess the compliance of those requirements of foreign direct investment （FDI） enterprises in Vietnam. This article which is a summary of our research includes the following sections： （1） OECD guidelines of transfer pricing documentation; （2） Vietnam regulations of transfer pricing documentation; （3） results of the research; and （4） discussion and conclusion.

THE WAY FOR STATE FOREIGN TRADE ENTERPRISES TO ADOPT STRUCTURAL REFORM

The Sichuan Provincial ChangjiangEnterprise Company, the former ofSichuan Provincial ChangjiangEnterprise (Group) Holdings Co.(SPCEGHC), is a comprehensive foreigntrade enterprise under the direct leadershipof the provincial government, mainly engagedin various kinds of foreign trade businessand as an agent for clients, involving deliveryof goods to foreign countries, the exchangeof technology, and the repair and leasing ofdomestic equipment. It was restructured tobecome an enterprise group in 1988, a"window" corporation on the province.

Jiangsu's Top 30 Foreign Trade Enterprises Under Comprehensive Assessment in 1995

1. Jiangsu Textiles Import & Export (Group) Holdings Ltd.2. Jiangsu Garments Import & Export (Group) Holdings Ltd.3. Jiangsu Knitwear and Cotton Textiles Import & Export (Group) Corporation4. Jiangsu Overseas Enterprises (Group) Co. Ltd5. Nanjing Textiles Import & Export Holdings Ltd.6. China Machinery & Equipment Import & Export Corp.(Jiangsu)

New Ways to Deepen Reform in Foreign Trade Enterprises An interview with Yan Junxiu, General Manager of the Beijing Garment I/E shareholding Corp.

The Beijing Garment Import and Export Shareholding Corporation, Ltd. was the first shareholding corporation in Beijing which was set up in February 18, 1994. Its predecessor, the Beijing Garment Import and Export Corporation, had registered annual import and export earnings of US$300 million, ranking first among the foreign trade corporations in Beijing. Its change into a shareholding corporation has aroused keen interest in garment

The Impact Analysis of New Company Law on Foreign Invested Enterprise Law

In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly, the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the new company law and foreign-invested enterprise law. Finally, Impact on the Law of Foreign Investment Enterprises. From these researches, it is concluded that the promotion of the new company law on the relationship between FIEs and some suggestions liar the coexistence of the lwo.

The Impact Analysis of New Company Law on Foreign Invested Enterprise Law

In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly. the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the new company law and foreign-invested enterprise law . Finally. Impact on the Law of Foreign Investment Enterprises. From these researches, it is concluded thai the promotion of the new company law on the relationship between FIEs and some suggestions for the coexistence of the two.

Practices of Shareholding System in Jiangsu Foreign Trade Enterprises

With the ever-deepening process of China’s reform of its economic and foreign trade system, local foreign trade enterprises are all developing according to the needs of the socialist market economy, as and to normal international practices, as management and operation require. In recent years, the reform of foreign trade enterprises has undergone three stages: the stage of contracted management, the stage of the contractor being responsible for profits and losses and the stage of changing the managemental system. The enterprises, which formerly only carried out

THE STATE COUNCIL DECIDES TO EXTEND THEIMPORT-DUTY EXEMPTION PERIOD FOR IMPORTS OF EQUIPMENT AND RAW MATERIALS BY ENTERPRISES WITH FOREIGN INVESTMENT

Recently the State Council decided to extend the period ofduty exemption for imports of equipment and raw materials by foreign-invested enterprises below US$30 million.In order to administrate import and export activities in light ofinternational practice and apply a unified, fair and standardizedpolicy toward import duties, the State Council, on December28,1995, decided to reform and adjust the policies of import duties by fairly significant reduction of the overall import tariff leveland elimination of preferences of import-duty exemption for mostimport items, which was also applicable to imports of equipmentand raw materials by foreign-invested enterprises set up since April1st, 1996. At the same time, with a view to maintaining the policycontinuity and relative stability, those enterprises established before March 31, 1996 were allowed an extended duty-exemptionperiod of one to two years for importation of equipment and rawmaterials(referring to construction materials, etc.) if such importswere below the value of their total investments, and for

Foreign Trade Shortens the Distance between an Enterprise and the World

The Tongling Non-ferrous Metals(Group) company was known forproducing the first copper ingot afterthe founding of new China.Through 44years and generations of exploration, thecompany has now become a large nationalconglomerate of more than 30 units, includingsix mines, two smelting plants and threecopper processing factories, coordinated withmining, dressing, smelting and deepprocessing, with its products reaching 150varieties. The Jinlong Copper Co. Ltd.,jointly invested by this company and Japan’sSumitomo co., is the largest Sino-Foreignjoint venture in Anhui Province and theChina National Non-ferrous Metals IndustryCorporation, and is planned to go into operationin 1996. By then, the Tongling Non-ferrousMetals (Group) Company will be highlightedin China’s copper industry. In June 1993, the Ministry of ForeignTrade and Economic Cooperation authorizedthe company with the right of import andexport operation. In October the same year,the company established its own foreigntrade institution--the Tongling Non-ferrousMetals Import and Export Company,

REGULATIONS ON THE ALTERATION OF STOCK EQUITY HELD BY INVESTORS OF FOREIGN INVESTMENT ENTERPRISES

Article 1With a view to promoting the healthy development of foreign invest-ment enterprises, protecting the legitimate rights and interests of investorsof the parties concerned and safeguarding the social and economic order,this set of regulations has been formulated in accordance with the Com-pany Law of the People’s Republic of China,Law of the People’s Republicof China on Chinese-Foreign Equity Joint Ventures,Law of the People’sRepublic of China of Foreign on Chinese-Foreign contractual Joint Ven-tures,Law of the people’s of China of Foreign Capital Enterprises,andother relevant laws and regulations.Article 2The alteration of investors’stock equity in foreign investment enter-prises as used hereof refers to the alteration of investors or theirshares(hereinafter referred to as the stock equity) of financialcontribution(inchiding the cooperative conditions offered) in Chinese-for-eign equity joint ventures,Chinese-foreign contractual joint ventures andforeign investment enterprises(hereinafter referred to as the enterprises).

Regulations of Business Licensing for Route of Foreign Air Transport Enterprises

Regulations of Busi- ness Licensing for Route of Foreign Air Transport Enterprises(CCAR- 287),which were passed at the executive meeting of Civil Aviation Ad- ministration of China on May 19,2008,were hereby promulgated and became effective as of July 11,2008.

Suggestions on Foreign Pharmaceutical Enterprises Dealing with China’s Drug Centralized Procurement - Taking the First Batch of Implementation Results as an Example

Objective To analyze the impact of the first batch of centralized drug procurement on foreign pharmaceutical enterprises since the national centralized drug procurement policy has brought great impact on pharmaceutical market,and put forward some suggestions on their marketing transformation in China.Methods Firstly,the documents of the drug centralized procurement were studied,and then the sales figures before and after the implementation of the policy were retrieved from MiNET.At the same time,the relevant business adjustment information of foreign pharmaceutical enterprises was collected for analysis.Results and Conclusion The sales of related products of foreign pharmaceutical enterprises have dropped sharply,so they have stripped off these products and reduced their staff.It is suggested that foreign pharmaceutical enterprises should adjust the structure of sales team,strengthen the layout of the market in the county,and accelerate the introduction of innovative drugs to cope with centralized drug procurement.