1987.04.26
GUANGDONG PROVINCE
IMPLEMENTING PROVISIONS FOR ENCOURAGING FOREIGN INVESTMENT IN
GUANGDONG PROVINCE
(promulgated by the People's Government of Guangdong province on
April 26, 1987 and went into effect on the same day)
@@ Article 1. In accordance with the "Provisions of the State
Council of the People's Republic of China for the Encouragement of
Foreign Investment" and the actual conditions due to the
implementation of special policies and measures by the province, the
following provisions are formulated so that foreign investment
enterprises can be more efficiently run in Guangdong province.
@@ Article 2. The foreign investment enterprise/enterprises referred
to in this set of provisions include Sino-foreign equity
joint venture enterprises, Sino-foreign non-equity joint venture
enterprises and wholly foreign-owned enterprises that conform to the
relevant regulations of the State Council.
@@ Article 3. Such matters as project negotiations, and
signing and execution of contracts for projects involving foreign
investment as well as those dealing with consultancy and complaints
for foreign investments shall be under the purview of the
foreign economic relations and trade commissions (bureaux) of
respective levels and which are in charge of that particular line of
trades.
On the other hand, matters concerning the production,
management and administration of foreign investment enterprises shall
be under the purview of the respective functionary government
departments at various levels and which are in charge of that
particular line of trades. Each department shall redouble its
efforts to provide guidance, service, coordination and supervision to
foreign investment enterprises belonging to the same line of trades
that the departments are in charge of. For individual foreign
investment enterprises, their direct superior departments in charge
shall be even more concerned with the specific responsibility of
seeing the realization of such mandates and taking the necessary
steps to solve the actual production and management problems affecting
the enterprises.
@@ Article 4. Efficiency on project examination and approval
shall be improved. The examination and approval organs shall, on
the basis of the authority already invested in them, process
applications submitted by foreign investment enterprises. Project
proposals, feasibility study reports, contracts and articles of
association shall be examined and approved (or disapproved)
within 30 days and the approval certificates shall be issued within
10 days.
The foreign economic relations and trade commissions at the municipal
level and the prefectural lev[1] [2] [3] [4] [5] 下一页
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