SFTZ opens the game machine markets to foreign investors
2014-May-6 Source: Newsgd.com
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On 21th Apr, 2014, the Shanghai Municipal People's Government published the Rules for the Implementation of the Programme for Opening up the Cultural Market in the China (Shanghai) Pilot Free Trade Zone ("SFTZ"), permitting foreign-owned company to engage in the business of production and sales of game equipment, but it prohibits the foreign company to sell any game machine containing gambling function within PRC. Moreover, it allows wholly foreign-owned performance brokerage institutions to be established and provide services within the jurisdiction of the Shanghai municipality. The Rules also allow foreign-funded enterprises to establish entertainment venues within the service trade area in the SFTZ.

The Rules release the ten years prohibition in Chinese game machine market, and reopen the market to the foreign investors in SFTZ. The Rules require the foreign-owned company who intends to engage in the business of production and sales of game equipment to apply for content examination to Shanghai Municipal Administration of Culture, Radio, Film and TV. The Administration office shall make decision within 20 days from receipt, and shall issue the Confirmation of Content of Game Equipment to the complied company and file record in the Ministry of Culture of PRC.

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

Editor: Olivia
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